Dealer Tire & Wheel Insurance

[Chris N]

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Well... First post from a lurker.

I am turning in my leased 128i this weekend and stepping up into a 2015 M4. The dealer is promoting their tire and wheel insurance with cosmetic damage coverage for $2700. I did opt for it on the 128 and used it once for a tire. Fell well short of the ~$1200 cost. Figuring with snow tires it cuts 3 months of usage out per year of the summer tires.

What's your opinions on whether it makes sense to get the insurance for Ohio driving?

[Draper]

$2700?

Don't do it. Grab a full set of take offs in the for sale section for $2k, or just buy tire insurance from Discount/America's Tire for ~$100 if you're not worried about the wheels.

[visi107]

Originally Posted by Chris N

Well... First post from a lurker.

I am turning in my leased 128i this weekend and stepping up into a 2015 M4. The dealer is promoting their tire and wheel insurance with cosmetic damage coverage for $2700. I did opt for it on the 128 and used it once for a tire. Fell well short of the ~$1200 cost. Figuring with snow tires it cuts 3 months of usage out per year of the summer tires.

What's your opinions on whether it makes sense to get the insurance for Ohio driving?

2700 for how long? And it should cover the winter wheels and tires as well.

But regardless that's a lot of money, you can find 4 wheels/tires/tpm for that much in the tire/wheels sub forum

[paliknight]

audi offers it for 900

[firedown31]

Agreed with the other's saying $2700 is way too much. Unless this is a 10 year plan you'll come no where near ahead on it.

[afadeev]

Originally Posted by Chris N

I am turning in my leased 128i this weekend and stepping up into a 2015 M4. The dealer is promoting their tire and wheel insurance with cosmetic damage coverage for $2700. I did opt for it on the 128 and used it once for a tire. Fell well short of the ~$1200 cost. Figuring with snow tires it cuts 3 months of usage out per year of the summer tires.

What's your opinions on whether it makes sense to get the insurance for Ohio driving?

It's always never makes sense to buy tire+wheel insurance from a dealer, unless you have a history of curbing them and driving across construction sites to pickup punctures weekly.

Wheels can be repaired for <$300 (never had to replace wheels due to damage in 25+ years).
Tire punctures can usually be repaired for <$30. In the worst case you would need to replace the entire tire, so figure $300 for that + $50 to install and balance.

Now do the math on how many damage events you will need to accumulate to break even at $2.7 price point!

a

[dr.mba]

I am not sure what the roads are like in Ohio but I'll say my experience with roads in Montreal, Quebec has been such that the tire and wheel insurance is a must. Package is 1200 CAD so that's like 900 USD. That price is just insane! If they can provide a reasonable insurance price and the roads are horrendous then by all means (I actually used $5000 worth of insurance money on tires). Otherwise I would agree with others that banking your money makes more sense

M

[Chris N]

Thanks for the advice.

My biggest concern is the rims. I am extremely careful around curbs. My 128i rims are flawless after 3 years and with only one warranty tire replacement I am in hole with the first go around.

I'm not sure on the length of the warranty.

Guess I am going to pass....

[Vetsky]

I'm struggling with the same decision. Normally, I never take additional insurance on anything. My quote was $1400 for three years. Which would include my summer and winter set. I pick up my car in December, and while I still have time to decide. I'm leaning towards the insurance. The 666 wheels are stupid expensive to replace, and as mentioned above Montreal roads are not the best.

I guess like all insurance, it comes down to piece of mind.