Does this price seem ok?

[Huck50]

I can get a BMW extended "Platinum" warranty on a 2020 M4 Competition which consists of 2 years of coverage and 20,000 KM's for $5512.00.
So does that price seem fair?...I guess it's cheap insurance if the crank hub sprockets starts spinning and the pistons hit the valves or the oil pump stops pumping.,or one or both turbos go out.

[M3SQRD]

Originally Posted by Huck50

I can get a BMW extended warranty on a 2020 M4 Competition which consists of 2 years of coverage and 20,000 KM's for $5512.00.
So does that price seem fair?...I guess it's cheap insurance if the crank hub starts spinning and the pistons hit the valves or the oil pump stops pumping.Thanks,Huck50

$4.1 k US for 2Y/12k miles sounds high to me. I know Christine at Steve Thomas (CA, US) gives great pricing on BMW factory extended warranties. I doubt they’d be able to offer you a warranty but you could ask for a quote…

[dzxy]

I had 2 years 40k km extended warranty for around that pricing two years ago iirc

[Huck50]

Originally Posted by M3SQRD

$4.1 k US for 2Y/12k miles sounds high to me. I know Christine at Steve Thomas (CA, US) gives great pricing on BMW factory extended warranties. I doubt they’d be able to offer you a warranty but you could ask for a quote…

That's 2Y/20K ...not 12k^.Huck50

[M3SQRD]

Originally Posted by Huck50

That's 2Y/20K ...not 12k^.Huck50

Being in the US, I converted the mileage from km to miles because I have no feel for what 20k km is like

Like dzxy stated, it would be a decent price for 2Y/40k km but the 20k km mileage limit seems too low for $4.1k USD.

[Huck50]

Originally Posted by M3SQRD

Being in the US, I converted the mileage from km to miles because I have no feel for what 20k km is like

Like dzxy stated, it would be a decent price for 2Y/40k km but the 20k km mileage limit seems too low for $4.1k USD.

20k or 40k,I would use up the 2 years before I use 20k,as I only drive 4,000KM's a year.

[M3SQRD]

Originally Posted by Huck50

20k or 40k,I would use up the 2 years before I use 20k,as I only drive 4,000KM's a year.

I have the same issue with my warranties expiring due to time instead of mileage but I’d still want to get a warranty with higher mileage limits that costs less than a lower mileage limit even if it has the same time limit. However, if you see the value in just the time limit then that’s fine. Have you called around to other BMW dealers to get warranty quotes? There’s at least a $2k US or more profit for extended warranties for dealers. Some dealers are willing to sell warranties at a lower profit so calling around is definitely worth it.

[Huck50]

Originally Posted by M3SQRD

I have the same issue with my warranties expiring due to time instead of mileage but I’d still want to get a warranty with higher mileage limits that costs less than a lower mileage limit even if it has the same time limit. However, if you see the value in just the time limit then that’s fine. Have you called around to other BMW dealers to get warranty quotes? There’s at least a $2k US or more profit for extended warranties for dealers. Some dealers are willing to sell warranties at a lower profit so calling around is definitely worth it.

I have not called around as yet,but I will.Thanks,Huckk50

[dzxy]

Originally Posted by Huck50

20k or 40k,I would use up the 2 years before I use 20k,as I only drive 4,000KM's a year.

If you're going to only be driving 4k a year, just forego warranty. Independent BMW specialists in GTA don't charge an arm and a leg for work around here. Low chances something significant is going to break unless you do something stupid like money shift. I rip the piss out of mine for the past 2 years 40k kms and autocrossed it all summer last year no major issues and mine's at 140k kms lol.

[Huck50]

Originally Posted by dzxy

If you're going to only be driving 4k a year, just forego warranty. Independent BMW specialists in GTA don't charge an arm and a leg for work around here. Low chances something significant is going to break unless you do something stupid like money shift. I rip the piss out of mine for the past 2 years 40k kms and autocrossed it all summer last year no major issues and mine's at 140k kms lol.

Have you done the crank hub 'fix'?Huck50

[MineralWhiteF80]

In my opinion, only driving 4000 km a year, it's a waste of money to buy any extended warranty. You simply don't drive enough warrant the cost. These F8x chassis are surprisingly reliable overall. If a crank hub spins on a stock car, then God specifically wanted that to happen to you.

Having been a BMW service advisor in a past life that sold extended warranties, I would tell you that an extended warranty is a waste of money for MOST people and it is really designed as a lucrative money maker for the manufacturer and dealership.

It is so easy to sell an extended warranty to someone by simply scaring them with, "If X, Y, or Z happens, you are in for well over X cost for the warranty and there is no guarantee it will not happen."

Any "big ticket" item failure might be close to the cost of your warranty, but that doesnt mean it will happen in the window of such a short time/mileage. By purchasing the warranty, you are pre-paying for a big failure that most likely wont happen.

[quikM2]

They make a lot of money on the extended warranties... that right there should tell you the answer.

[dzxy]

Originally Posted by Huck50

Have you done the crank hub 'fix'?Huck50

No, stock crank hub. My car's not tuned though.

[uncle ben]

I bought an extended warranty with my used f80. Was around $4500, and over the two years I had it, I never made a single claim. For me it wasn’t worth it, but I only put about 10,000kms on the car, so I imagine if you plan on driving more, more things may come up.

[Monte04ss]

For my 2cents take that $$ put into a TFSA and pull it out if you need repair $$, if not enjoy the investments....The money is better placed in your bank than the dealers.

Corey

[sweet6speed]

I enjoy driving my 2018 m4 comp. she needs new tires every month, no issues at all 75kkm on odo, driving seens 18kkm, crank hub was done soonest I got it, seens then like I said I would need tires very quick!! I think m4/3 they are just wonderful cars for what they made for!!!