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2010 2011 BMW 5 Series Forum F10 Self insuring 2015 M5 - how much cash reserves? |
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10-29-2022, 06:12 PM | #1 |
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Self insuring 2015 M5 - how much cash reserves?
Hi all,
Recently picked up my first BMW 2015 M5 w/ 29k miles beginning of this month. I've been considering getting a warranty but I'd be looking at a little over $5k for a platinum coverage. I like the piece of mind for any major stuff not maintenance however my concern is what kind of experience I will have when it is time to actually file a claim. After my first week of ownership my wife killed the battery and I lost interior audio shortly after that. It currently sits at the BMW shop waiting on parts as I am having to replace a faulty head unit which might have been shorted when the battery died and I am replacing the battery since it was from 2017. Head unit is $2800 and battery is $500. For those of you that have went the self insured route without a warranty what would you say would be a good reserve amount to have for potential repairs down the road? Option 1: have reserve money for future repairs - if so how much? Option 2: purchase warranty Option 3: purchase warranty + cash reserves Appreciate any input! |
10-29-2022, 07:54 PM | #3 |
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That's a lot to replace a head unit. Are they certain it is bad? They rarely go bad. A used head unit from any F series from 2014-2016 will work on your car. They typically run about $150 or less. If you are not good at coding, someone can code it remotely for about $120.
Extended warranty is always recommended on any V8 BMW. Many components will fail like ignition coils, spark plugs, fuel injectors, high pressure fuel pump and sometime rod bearing or vanos. |
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10-29-2022, 10:56 PM | #4 | ||
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Appreciate the advice I will strongly consider the warranty. |
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10-30-2022, 01:10 PM | #5 |
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A warranty is not "always recommended" for a BMW V8. I never do, and neither do lots of others. I've been running an N63TU in a 650 out of warranty since June, 2019 - nearly 3 and a half years. If I had a warranty, my covered claims to date would total exactly $0. And I don't view it as just a one-car proposition. I have saved by not buying warranties on every car and appliance I have ever owned. I am so far ahead that if my transmission blows up tomorrow I am still way ahead.
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10-30-2022, 04:14 PM | #6 | |
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10-30-2022, 05:47 PM | #7 |
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Stunner! What color is that? Super cool wheels to, you must be pumped!
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10-30-2022, 07:46 PM | #8 |
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Super pumped! The color is pyrite brown. Previous owner didn't even have the windows tinted so I got it done and put on black grills and RW carbon lip already.
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10-30-2022, 08:08 PM | #9 | |
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I hope you are in a state that don't require a front plate Would be a sin to put a front plate on that car
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10-30-2022, 11:35 PM | #10 | |
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Do you have bumper plugs? |
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10-31-2022, 05:51 AM | #11 | ||
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I am in Massachusetts which requires front plates But I remove it either way I decided to roll dice ,haven't got pull over for that yet Fingers crossed
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10-31-2022, 03:20 PM | #12 | |
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10-31-2022, 04:23 PM | #13 |
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I remember reading a post a long time ago where the "Poster" stated nobody was going to bother you about not having a front plate unless they were stopping you for something else --- and because you were being a pain, they would ticket you for everything they saw.
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10-31-2022, 10:00 PM | #14 | |
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10-31-2022, 10:51 PM | #15 |
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I tried going without a plate on my current 650 but that lasted about a month until I got a ticket while parked at a meter (with time left on it).
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11-01-2022, 01:59 AM | #16 |
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Very clean M5! Love the CCB's and the individual color. Where in Texas are you located? If you're in the Dallas area you need to see Matt at Cedar Performance for tuning if you're thinking about going that route
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2016 Audi Q5 3.0T Prestige-Weekend Warrior 2008 Infiniti G37S Coupe 6MT-RIP 2015 Lexus RC350 FS-SOLD Last edited by TuckerE36; 11-01-2022 at 02:05 AM.. |
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