just bought a M5 Comp and having second thoughts on the warranty

BmwGo · 08-08-2022, 02:49 PM

Hi All, I just picked up a 2014 M5 Competition with only 24K miles and full-service history. It looks like a new car. I purchased a 3-year warranty with United States Warranty Corp for $5K.

However, I'll only drive max 3-4K miles a year, and I'm having second thoughts about how wise the warranty purchase was and the chances of me needing to use it?

From reading the forum, it appears that only a few M5's have significant engine issues.

What is the general consensus on M5 warranties if you don't drive many miles?

Blaxwil · 08-08-2022, 08:30 PM

If you can stomach the price tag of the warranty, purchase it. Don't own an M without a warranty unless you're okay with paying out of your pockets.

Housekeeping · 08-08-2022, 09:04 PM

I drive mine about 2k miles/year and go without. It’s been rock solid and tuned. I’d say it’s a waste of money. I’ve had mine 6 years and spent maybe $350 in repairs. It’s a 2013.

FergsM5 · 08-09-2022, 10:43 AM

Depends on what the warrenty covers.. i bought mine, 2013 38K and i got freedom warrenty that covers 100% of everything, for 4 ys or 100k miles.. even the rims if i hit a pothole and even keys if i lose one. mine was like $3500 and i worked it into the payment. i can even buy my own parts if need be and send the bill and they reimburse. to me this was a no brainer.

1320racer · 08-10-2022, 10:11 AM

Quote:

Originally Posted by FergsM5

Depends on what the warrenty covers.. i bought mine, 2013 38K and i got freedom warrenty that covers 100% of everything, for 4 ys or 100k miles.. even the rims if i hit a pothole and even keys if i lose one. mine was like $3500 and i worked it into the payment. i can even buy my own parts if need be and send the bill and they reimburse. to me this was a no brainer.

My warranty expires in ~15k miles. I will message you asking for the name of the warranty company.

SlimM5 · 08-10-2022, 11:14 PM

A good warranty is totally worth it.
My M is currently at the dealer and the warranty company is giving them the run around, wanting them to not use new parts and not fully covering 100% of the labor.
Will definitely drop them and move on to another company.

08-08-2022, 02:49 PM	#1
BmwGo Registered 0 Rep 1 Posts Drives: M5 / M3 Join Date: Aug 2022 Location: MA iTrader: (0)	just bought a M5 Comp and having second thoughts on the warranty Hi All, I just picked up a 2014 M5 Competition with only 24K miles and full-service history. It looks like a new car. I purchased a 3-year warranty with United States Warranty Corp for $5K. However, I'll only drive max 3-4K miles a year, and I'm having second thoughts about how wise the warranty purchase was and the chances of me needing to use it? From reading the forum, it appears that only a few M5's have significant engine issues. What is the general consensus on M5 warranties if you don't drive many miles?
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08-08-2022, 08:30 PM	#2
Blaxwil Captain 627 Rep 648 Posts Drives: 2015 M5 Join Date: Feb 2018 Location: Atlanta iTrader: (0)	If you can stomach the price tag of the warranty, purchase it. Don't own an M without a warranty unless you're okay with paying out of your pockets.
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08-08-2022, 09:04 PM	#3
Housekeeping Lieutenant 596 Rep 469 Posts Drives: 2013 BMW M5 Join Date: Mar 2016 Location: Earth iTrader: (0)	I drive mine about 2k miles/year and go without. It’s been rock solid and tuned. I’d say it’s a waste of money. I’ve had mine 6 years and spent maybe $350 in repairs. It’s a 2013.
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08-09-2022, 10:43 AM	#4
FergsM5 New Member 20 Rep 13 Posts Drives: 2013 M5 Join Date: May 2022 Location: Western Mass iTrader: (0)	Depends on what the warrenty covers.. i bought mine, 2013 38K and i got freedom warrenty that covers 100% of everything, for 4 ys or 100k miles.. even the rims if i hit a pothole and even keys if i lose one. mine was like $3500 and i worked it into the payment. i can even buy my own parts if need be and send the bill and they reimburse. to me this was a no brainer.
	Appreciate 2 1320racer136.00 SlimM572.00 Quote

08-10-2022, 11:14 PM	#6
SlimM5 Private 72 Rep 71 Posts Drives: F10 M5 Comp Join Date: Jun 2021 Location: Houston,TX iTrader: (0) Garage List [0.00]	A good warranty is totally worth it. My M is currently at the dealer and the warranty company is giving them the run around, wanting them to not use new parts and not fully covering 100% of the labor. Will definitely drop them and move on to another company.
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