To warranty or not? - BMW Luxury Touring Community
 
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post #1 of 7 Old Jul 25th, 2014, 6:58 pm Thread Starter
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To warranty or not?

I understand the arguments for and against the extended warranty and I am curious for those who bought one, what sort of issues, if any have you actually claimed successfully against it. Is it really worth it, other than for peace of mind.

I was offered a deal of around $2700 for three years, which seems like a lot.

I welcome your feedback.

Ian
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post #2 of 7 Old Jul 25th, 2014, 9:46 pm
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Re: To warranty or not?

I was offered a warranty when i bought my 2004 LT from the dealer. At the time.Not knowing a thing about this bike and being a little intimidated. But still i passed on it. Like you, I thought warranty a bit pricy. After all. I bought my 1500 Intruder LC brand new in 99. To this day it only saw the dealer once for it's 1st oil change.I'm the only one who has worked on that bike.Because i got involved with the 1500LC/C90 forum,I saw i could do the work myself .So. Once i got involved with the LT forum. Again.It gave me the confidence to do a lot of the work myself. Besides.I was questioning an aftermarket company extended warranty .It's not a factory backed warranty. How much would it cover? If your good with a wrench. You can do a lot yourself. Does bike have service records? Was it well taken care of? All deciding factors of weather an extended warranty is worth it.

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post #3 of 7 Old Jul 25th, 2014, 11:05 pm
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Re: To warranty or not?

In 3 years, I can buy a LOT of parts and install them myself for $2700. For that money I could find a parts bike that runs and rides good. (I passed on an 02 for $2400)
Figure the top 3 or 4 most costly things that can break on your LT, add up the cost of parts and I don't think it could be $2700. Do the work your self with the help here and save your money. Even if you have no tools, a few hundred will get you all you need.
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post #4 of 7 Old Jul 25th, 2014, 11:18 pm
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Re: To warranty or not?

I had and extended warranty (unlimited miles) with my 03 LT. Never used it but it was transferable and that probably helped me to sell it with 76K on the odometer.

One of the most likely big ticket failures is the clutch and no extended warranty will cover that.


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post #5 of 7 Old Jul 26th, 2014, 7:32 am
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Re: To warranty or not?

Quote:
Originally Posted by oldmopars View Post
In 3 years, I can buy a LOT of parts and install them myself for $2700. For that money I could find a parts bike that runs and rides good. (I passed on an 02 for $2400)
Figure the top 3 or 4 most costly things that can break on your LT, add up the cost of parts and I don't think it could be $2700. Do the work your self with the help here and save your money. Even if you have no tools, a few hundred will get you all you need.
But not an ABS unit...

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post #6 of 7 Old Jul 26th, 2014, 2:14 pm
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Re: To warranty or not?

I bought a 4 year extended warranty for my 07 and it is now expiring in October this year. I have have not used it. It only cost $900 so I thought for a bike with potential costly repairs I would take it for the peace of mind. Now knowing my peace of mind is coming to an end I'm wondering if I should sell and get a new bike. In my case I only do routine maintenance. The dilemma is I really like the bike but I also like new more reliable transportation and after seven years even though I have maintained the bike shit can still wear out. It seems $2700 is a lot and if you can do your own work that covers a lot that could go wrong. It is a crap shoot no matter what. Follow your gut after investigating all the mitigating factors. Good luckily
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post #7 of 7 Old Jul 26th, 2014, 2:22 pm
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Re: To warranty or not?

If you don't have the tools, ( a general you, not meaning you personally ) I assume you have not much, if any, mechanical expertise or experience.
A couple hundred $ and some forum advice isn't going to make you proficient in a clutch change. And they run $2K- $4K at a stealership.

For someone like me, who has some mechanical knowledge and experience, but no specialty BMW tools... and lacking in nerve, I'd have to look long and hard at that warranty. YMMV.

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