- #1932 of 2873
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Re: Extended warrany [dtownfb]
by joel0622
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May 10, 2007 (7:38 am)
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Replying to: dtownfb (May 10, 2007 7:31 am)
GEICO requires prior approval before work can be started and any claim over $750 must first have an inspector come to the shop and OK the work. At least that is what I have seen. We had one in are shop that took 5 days for the inspector to come in and look at who proceeded to deny 60% of it. What do you expect for $56 a year?
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- #1933 of 2873
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Re: I'm looking for some advice on an extended warranty... [bmwdriver4]
by dwynne
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May 10, 2007 (7:39 am)
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Replying to: bmwdriver4 (May 09, 2007 8:19 am)
I have had 2 BMWs. The dealership treated me "like a king" in all cases. Oil changes were really high (BMW synthetic) but I got a nice 3 series or Z series loaner each time - just for an oil change. Maintenance IS no cost, but with the BMW service monitor you will not be getting your "free" oil change until 12-15k miles! I had mine changed more often - so I paid.
Out of warranty, they can be a very expensive nightmare. Even if you go non-dealer the parts will eat you up.
Other than CPO BMW has no factory backed extended warranty plan. So you are stuck with whatever your local dealer will sell you (and hopefully stand behind) or nothing.
Your E46 3 series is about as good as it gets for BMW in terms of reliability. That is the 5th year of that design and most of the kinks were worked out. If you plan on keeping and driving it, I would just sock away some money each month for the repairs down the road - but it is a lot less risk than a 5 series or 7 series.
Dennis
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- #1934 of 2873
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Re: Extended warrany [pianewman]
by dwynne
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May 10, 2007 (7:42 am)
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Replying to: pianewman (May 09, 2007 8:21 am)
I know a lot of folks that had nothing but headaches when they had to file insurance claims with GEICO. Sure they have a low price, and that is good as long as you do not need them. They also will non-renew folks that have a claim against them - pretty aggressively. I have not been desperate enough to save money to try them for myself on either the cars or the bikes.
To depend on them to pay up for breakdowns would be scary for me as well. I guess the high $250 deductible is what makes the cheap price possible.
Dennis
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- #1935 of 2873
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I wanted to cry yesterday...
by mitzij
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May 10, 2007 (8:52 am)
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One of my favorite 'lil ole lady' customers came in for her semi-annual battery recharge. She has about 6k miles, the car is about 2 1/2 years old. She showed me the 'extended warranty' she bought: 6 years, 60k miles, named component coverage, from that crap-o company that sends random postcards reading 'Warranty Alert!! Call Now For Important Information Regarding Your Warranty!'.
The kicker? They socked it, I mean sold it, to her for $1518.00. 
AAAARRRGGGHHH!!
I wish she'd called me last August when she received that postcard, I could have showed her where to 'file it'.
She needs a service contract like a hole-in-her-head. She drives very little, has had few troubles with the car, her Warranty expires in the fall, and chances are good that my SM would take care of any trouble she has after that, for as long as he can. He has a soft spot for lil ole ladies. 
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- #1936 of 2873
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Re: I wanted to cry yesterday... [mitzij]
by jipster
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May 10, 2007 (10:17 am)
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Replying to: mitzij (May 10, 2007 8:52 am)
Give your SM a big kiss for me... handshake if a man.
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- #1937 of 2873
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Re: I wanted to cry yesterday... [jipster]
by mitzij
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May 11, 2007 (8:47 am)
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Replying to: jipster (May 10, 2007 10:17 am)
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- #1938 of 2873
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Re: skeptical [dwynne]
by neuris
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May 14, 2007 (3:29 am)
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Replying to: dwynne (May 10, 2007 7:31 am)
thanks for good comments, dennnis. have a good day 
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- #1939 of 2873
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Re: I'm looking for some advice on an extended warranty... [bmwdriver4]
by ricobilko
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May 16, 2007 (11:21 am)
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Replying to: bmwdriver4 (May 09, 2007 8:19 am)
I have a 2002 Chevy Silverado. I bought the truck with 20000 miles in it. I didn't but the GM warranty. I bought an extended warranty from Warranty Direct. They are located in New York. The sales pitch sounded like it was the best thing to do. You can take the vehicle to the garage of your and W D will pay them with their corp. credit card. Well, low and behold, the universal joints had worn out last May. I brought the truck to the garage of my choice. From the start, I could see that the mechanic did not care for the warranty company. Later, the mechanic called me and said that Warranty Direct had refused to pay for the repair. They claimed that the part wore out because of water. Water is the trump card for this warranty (insurance) company. It took me two days of arguing what caused the u-joint to wear out and they finally agreed to pay for work. Of course I threatened to cancel the policy. Now the silverado transmission has failed. Warranty Direct said that the trans. had to be torn down to find the cause of failure. Well guess what? The transmission shop found water in the bottom of the tranny. Nobody can tell me how water gets into the transmission. I don't haul a boat or go through rivers or lakes. Warranty Direct denied the claim saying water cuased the failure. They would not even talk to me!!!
I paid $1500.00 for this worthless insurance policy, because when you think about this, your vehicle gets wet every time it rains or you wash yout car. WARRANTY VOID. WASTE OF MONEY. The transmission cost me $2600.00. Thank you Warranty Direct!!!!
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- #1940 of 2873
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Re: I'm looking for some advice on an extended warranty... [ricobilko]
by bmwdriver4
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May 16, 2007 (12:38 pm)
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Replying to: ricobilko (May 16, 2007 11:21 am)
thanks for sharing very helpful info...
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- #1941 of 2873
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Re: I'm looking for some advice on an extended warranty... [dwynne]
by bmwdriver4
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May 16, 2007 (12:41 pm)
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Replying to: dwynne (May 10, 2007 7:39 am)
thanks for the feedback, its much appreciated. One of the options dealers offer (at least in my area) is a 2-year service warranty for about $1000, but this only covers routine oil change-like services.
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