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2010 2011 BMW 5 Series Forum F10 Out of Warranty N63 Roulette |
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03-22-2017, 05:57 PM | #23 | |
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You can believe what you want, the law is cut and dry. Contracts are black and white and MMWA does not govern them if the contract has velvet daggers. I've laid out facts and cited sources, I'm not the only person that feels these "Aftermarket Warranties" are a gamble so I'm officially done on this thread. OP, A lot of people/reputable companies (Consumer Reports, Edmunds, Dave Ramsey, Clark Howard, etc) advise to steer clear of these "warranties" for a reason. Sure, some get lucky and get their money worth, but many more lose out on theirs mainly because they never need them. I apologize for clogging up your thread, it's your money so do as you please. There are a ton of resources online like the BBB for reviews on these insurance companies. I highly recommend talking to the dealer to see if you can get the CPO Gold package warranty or higher. It's an official partial extension of your BMW warranty and you'll have no issues. If you get referred to a 3rd party, ask for an exclusionary warranty. It costs way more but there are no exclusions to what they cover. Last edited by SLVSRFR; 03-22-2017 at 06:34 PM.. |
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03-22-2017, 07:37 PM | #24 |
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Actually, I only read the first few posts (well, most) of this thread and although I may read the remainder, at least as far as I have read, will say that I bought a CPO 2013 535. But, I also bought the extended maintenance since my car had 35k miles and the brakes and other maintenance items were coming due soon, and paying at purchase of the car was cheaper than paying now/later.
That said, when I was car shopping, I fell in love with a couple of 2012/13's with that V8 engine; a 2012 650 convertible and also a 2013 550 M-Sport loaded were in my sights. After doing some research, I decided that any pre-2014 BMW V8 was a non-starter; period. Just too many scare stories around that motor. |
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03-22-2017, 08:10 PM | #25 |
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Thanks everyone, especially SLVSRFR and Amoomaniak, for their input. I did not mean to start any arguments, sorry. I see both sides. In fact, I fully intended to purchase an extended service contract as my warranty was expiring... until I started doing some research. Based on many, many negative reviews on the web it does seem the providers do look for absolutely any reason to deny a claim (Do I really want to swap-out my Summer wheels and possibly remove any mods I might have every time I take it in for service?). And even when claims are honored it sounds like you have to fight tooth and nail to get them to do so - just sounds like a huge headache. In addition, I found some of the most common issues (turbo coolant hoses and oil leaks) would not even be covered under most policies. Granted any non-covered repair on a BMW is probably an expensive headache, I think I will probably roll the dice and cross my fingers that my good luck continues.
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03-23-2017, 08:52 PM | #26 |
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At 75k miles with my 550i. Bought it with 50k. No warranty, no major issues except CCP related and recall related.
My car has intakes, catless down pipes and BMW stage 1. Run it pretty hard too. |
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03-23-2017, 09:22 PM | #28 | |
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What? Then make your own thread. There's some good info here. The person who made the thread was clearly asking about an aftermarket warranty not the N63 engine. He obviously knows what reliability issues may come with the N63, he was asking about aftermarket warranties and other members opinion on them There's a ton of threads about the N63 engine. Do a search Last edited by BlackWidow; 03-23-2017 at 09:35 PM.. |
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03-24-2017, 01:45 PM | #29 | |
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I guess I read "Anyone else out there that has had good luck with their N63/N63tu vehicle and decided against an aftermarket warranty" and thought that was the Original Topic. Have a nice weekend. |
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03-24-2017, 09:22 PM | #30 | ||
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03-24-2017, 11:06 PM | #31 | |
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03-25-2017, 10:24 AM | #32 |
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That's exactly what I was thinking when I started this thread. Good point. Again, thanks everyone for their insight.
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03-25-2017, 01:38 PM | #33 |
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Employees at two BMW dealerships in my area told me to stay away from the N63 and its variants, and said that many of their customers have had a bad experience with it. If they say that at the dealership, you know it's really bad. This was AFTER I bought a 550i, of course...
Also, read: https://www.autoevolution.com/news/b...udy-97440.html The Audi V8TT in the S6 seems solid - not many reports of issues on that one. Last edited by visualguy; 03-25-2017 at 02:10 PM.. |
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03-31-2017, 09:17 AM | #34 |
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Not sure if you guys follow the N63 Facebook Page or if this is someone on the forums, but here's just one example of how an aftermarket warranty can be beneficial. These are the type of stories you won't hear about unless specifically asked. Bigger question is, do you really want to be in a position where you have to spend 12K just to be able to drive your car?
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06-06-2017, 07:13 PM | #35 |
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At 75k miles with my 550i. Bought it with 50k. No warranty, no major issues except CCP related and recall related.
My car has intakes, catless down pipes and BMW stage 1. Run it pretty hard too. |
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06-07-2017, 04:39 PM | #36 |
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The CPO on my 2011 550i is expiring soon (due to time but almost at 100k anyhow). I was able to find a Route 66 Main Street warranty that will cover me for 4-years to 148k miles for about $2,860.
I plan on keeping the car that long but a nice bonus is that if I decide to sell the warranty is also transferable. At that price and term it seems like a no-brainer on a turbo BMW. Last edited by EZgo; 06-08-2017 at 08:20 AM.. Reason: Price correction |
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06-07-2017, 05:21 PM | #37 | |
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06-08-2017, 08:19 AM | #38 |
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*I corrected my initial price of $2,700 to reflect the additional $160 option Route 66 charges for covering the turbo.
See coverage below. I forgot to include the $0 deductible, roadside assistance, and even a car rental! "ENGINE Engine parts consisting of: Crankshaft and bearings, oil pump, oil pump pickup/screen and tube, pistons, piston rings, wrist pins, connecting rodsand rod bearings, timing gears and chain or belt, timing tensioners/guides, balance shafts, camshaft and camshaft bearings, push rods, rocker arms, rocker arm shaft and hydraulic lifters, intake and exhaust valves, valve springs, cylinder head gaskets. Engine blocks are also covered if mechanical failure wascaused by the above-listed parts. |
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06-08-2017, 08:53 AM | #39 |
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I have Route 66 (covers up to 100,000 miles and 5 years) for roughly $2,500...just having that piece of mind that if anything goes wrong it gets covered... had it when I had my 335i and was a Godsend
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06-09-2017, 08:28 AM | #40 |
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I have an Assurant (through USAA) warranty (service contract, w/e) and they've been fantastic on my M6. My M6 is straight piped and had Euro software and they still covered my claims for engine work lol. The inspector we have out here is super chill and loves these cars, so he isn't nit-picky on finding the littlest things to deny claims. Very thankful for that.
The indy I take my car says they deal with tons of Assurant warranty holders on e60 M5s, e92 M3s, and even the newer turbo cars and never had issues with getting funding for warranty work done. My M6 is going in monday for an SMG pump issue - that one will be an awkward one because nowhere in the contract does it state "SMG Pumps" lol, but I'm sure the inspector can argue it's part of the transmission and have it covered.
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| Forgestar F14 + Pirelli P Zero 295/305 -- Past: 2011 550i ///M Sport | 2010 M6 Coupe | 2004 BMW M3 Convertible | 2003 BMW 330i |
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06-09-2017, 11:12 AM | #41 |
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06-09-2017, 03:38 PM | #42 | |
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It all depends on mileage though. Higher mileage vehicles (must be under 115k) will have more expensive quotes.
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Current: 2009 Nissan GT-R | 2012 Converted | Cobb Tuned | AMS Downpipes | Armytrix Exhaust | AFE Intakes
| Forgestar F14 + Pirelli P Zero 295/305 -- Past: 2011 550i ///M Sport | 2010 M6 Coupe | 2004 BMW M3 Convertible | 2003 BMW 330i |
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06-21-2017, 03:52 AM | #43 |
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I have a 2011 550i and purchased extended warranty for 7 years inclusive and CPO and it was the best decision ever. Given this model year has had so many issues, I would have been screwed without it.
Car has 70K miles and brought it in for oil change, fuel pump recall, and scratchy sound on cold starts(starter issue). Told SA that I had to refill my coolant and they found leaks to the turbo lines. They also found a leak in the oil timing case that required the whole engine to be dropped to fix. As they were going through it, found a some oil leaks in both turbos. This all got covered under the extended warranty. The only thing it didn't cover is carbon build up that had to be walnut shell blasted. I ended up paying $800 bucks to get it done since the engine was already dropped or else it would be upwards of $5K. Often it depends on your relationship with the SA. My warranty runs out in October and I asked him if he can have tech check everything. Initial response was no, unless I have something specific for them to check but inadvertently since they found a leak changing the oil, they ended up replacing and checking everything. I don't drive hard or much anymore and have Dinan stage 2. None of which "should" have resulted in those issue but glad to have had the warranty. Now that it's running out and some of the major things got replaced, I'm ok without additional coverage. |
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