831 messages,
Last post on Feb 17, 2013 at 11:00 AM
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BMW 7-Series Forum.
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BMW 7 Series, Electrical, Engine, Sedan
#212 of 831 Extended Warranty for 2001 740il
by lobdell
Apr 27, 2005 (7:44 pm)
I have a 2001 740il with 49k miles and still under factory warranty. I was feeling good until the radiator and water pump had to be replaced under factory warranty a week ago. Now I am considering an extended warranty. I am reading the fine print and a lot of things are being excluded. The warranty has a total maximum of $10k. The cost of the warranty is between $3k and $4k depending on company. I am strongly considering not buying the warranty and taking the risk. I know it is simply an insurance policy, and most consumer advocates advise against extended warranties in general. We are maintaining the car and driving it carefully. I have to decide before I reach 50K miles which will occur in the next week or so. The car is in excellent condition and has been checked by the BMW dealer and independent garage, and no problems can be found. Any comments?
#213 of 831 Re: Engine Problem - 98 740i [designmind]
by Mr_Shiftright HOST
Apr 28, 2005 (10:36 am)
This sounds like an ignition break-down of some sort, (miss under load is sort of classic ignition symptom) but you've have to pull codes to learn more I think.
#214 of 831 Re: Extended Warranty for 2001 740il [lobdell]
by Mr_Shiftright HOST
Apr 28, 2005 (10:37 am)
Well you can see where the insurance company is hedging their bets on this car, by exclusions and by putting a cap on it. This "warranty" sounds crummy. Shop around for something of more value. $10K would barely cover an engine overhaul.
#215 of 831 Help me 1999 740IL 104107 miles
by joshc
Apr 28, 2005 (1:25 pm)
I am in the process of buying a 1999 740IL with 104,147 on the dash. car needs breaks rotors, heater core, rear window regulators. is the car worth 10,000? I am very skeptical because of how expensive maintainence is on these vehicles. please give me some advice. i have heard so many different oppinions from a lot of people but would like to hear from an expert.
Josh! HELP
#216 of 831 Re: Help me 1999 740IL 104107 miles [joshc]
by Mr_Shiftright HOST
Apr 28, 2005 (2:48 pm)
Hmmm...marginal value. A 7 series in "average" condition with 104K might retail at $15,000, and you are going to eat up most of the difference between your buying price of $10K and the retail of $15K with those repairs so I would think you should just go buy an already clean, totally fixed up car.
I just don't see the point in buying a car like these with these sorts of needs. You aren't going to end up paying any less in the long run .
Obviously the previous owner got an estimate and is bailing out.
#217 of 831 Re: Help me 1999 740IL 104107 miles [joshc
by joshc
Apr 28, 2005 (6:23 pm)
so you think it will run me up to 15k to repair including purchase amount? every where i look i can not find a 99 with 120k or less on the dash for 10-15k. more advice please. i really do like the 7 series model. this one is black on black....
#218 of 831 Re: My 3rd 7 series [92735i]
by lobdell
Apr 28, 2005 (6:36 pm)
Can you explain what EZ Cap is and where I can find more about it? Is it a type of extended warranty?
#219 of 831 Re: Help me 1999 740IL 104107 miles [joshc [joshc]
by Mr_Shiftright HOST
Apr 28, 2005 (8:50 pm)
Well spend more if you have to, but don't buy a cripple. Why won't the seller just fix the heater core and the brakes and charge you more?
Sure, brakes could run you $1,200-$1,800, and the heater core requires a LOT of shop time, as do the window regulators. And then you've torn the whole dashboard/console off the car---what if something gets unplugged in there?
And if your heater core is corroded, what does that say about the radiator?
You can absolutely find a '99 BMW 740il with under 100K in the $15K-$17K range. I found a lot of them online in a quick search at www.traderonline.com.
If you like the car, make the owner fix everything or get an estimate from BMW dealer on making the car "100%" and deduct the BMW dealer's estimates from a $15,000 price. That'll be fair then and you'll also know all about the car.
But really I'd just go buy a clean one and pay the extra money. You're going to be paying it anyway.
You aren't actually buying a $10,000 car. You are buying a $15,000++ car. That's the reality of the "deal".
#220 of 831 Re: 740i Sunroof Question [mjc3]
by baltojoe
May 04, 2005 (7:23 pm)
mjc3,
Just read your complaint in #170 (sunroof wind noise). I have the same problem in a
740iL. Had my kid put his ear up to the sunroof and we're pretty sure that's where the "whistling noise" is coming from.
This weekend I'll try to check any adjustments that can be done, talk with some sunroof installers, or maybe see what a weather strip can do.
Did you get your problem resolved (your message is dated in Feb. 2005).
Thanks,
BaltoJoe
#221 of 831 Re: Extended Warranty for 2001 740il [lobdell]
by bvisailman1
May 05, 2005 (8:14 am)
I have a 2000 740i and took out an after market Warranty from Warranty Direct. they are the ONLY company that after reading the small print covered items if they wore out or borke down do to "wear & tear" Thya have already paid over $1,000 in repairs.....I got a 4 year up until I hit 100,000 (car ahd 41K on it) with a $200 deductible for about 2500 which included the needed Emmisions coverage.