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Old 17-04-2014, 08:02 PM   #1
deanobeano
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Exclamation Should I maintain warranty?

Evening all

Your thoughts on maintaining my Mondial Fully comp warranty would be appreciated.

Firstly, my CSL is not my primary or secondary mode of transportation (I wish it was!)

Last year I did less than 1500 miles and he spends the winter tucked up in the garage.

Since purchasing the only warranty claim was for a diff seal.

Warranty was taken out on monthly DD just before the car turned 60K miles.

£105 per month

My tight wad gene tells me to cancel the warranty after the car has been run for a few months over the summer.

However the mileage (61.4k) is getting to the stage where head gaskets etc may rear their ugly heads

Anyone know how much to reinstate fully comp cover with >60K miles if I change my mind in the future?

With the warranty suspended, the ongoing annual costs are (on the surface small) and the afore mentioned gene likes this...

Your thoughts, gentlemen and CSLgirl please.
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Old 17-04-2014, 08:16 PM   #2
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This is where you will get a split in answers.

I will start it off by saying NO.
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Old 17-04-2014, 08:30 PM   #3
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I'd say no as well, but just to counter that 60-75k is in my experience the most expensive age of the CSL (for BMW)
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Old 17-04-2014, 09:18 PM   #4
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My indie told me when i bought mine to put £100 a month aside instead of the warranty. Especially as it's a weekend car doing less than 3k a year....I have of course saved nothing and will probably get bitten in the arse very soon.
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Old 17-04-2014, 09:36 PM   #5
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I like the idea of 'setting money aside'

how much would a head gasket by at a indie or (god forbid) main dealer?
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Old 17-04-2014, 10:05 PM   #6
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For that mileage I would say no.
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Old 18-04-2014, 03:14 AM   #7
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Quote:
Originally Posted by deanobeano View Post
I like the idea of 'setting money aside'

how much would a head gasket by at a indie or (god forbid) main dealer?
At an indie you're looking about £600.

Setting money aside seems best.
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Old 18-04-2014, 10:57 AM   #8
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Quote:
Originally Posted by Trawler View Post
This is where you will get a split in answers.

I will start it off by saying NO.
If the Cecil in question was a daily driver then I'd say YES, keep paying the Warranty monthly DDs ... but since it's a "Weekend Warrior" and spends the winter months in hibernation, just like mine, I'd say NO as well.
I've had warranty on mine for the first 3 years of ownership by which time I got to know my Cecil very well and managed to get a few Big ticket items like the Diff in the bag
Also since my car always had Warranty all of it's life it's had most of the common things (and then some) changed anyway
Now that BMW are struggling in supplying items like engines under Warranty (just look @ Bill's predicament) it seems a bit pointless since most of us have this warranty for the BIG stuff like the engine going Bang! ... I've decided to end my monthly DDs about 18 months ago and I haven't looked back
Like others have said, put a few £££ aside into an ISA or whatever saving AC you have and keep checking & changing things like engine oil & filter Religiously and a lot more often then BMW recommend. Also get to know a decent, knowledgeable BMW Indy, should the worst happen.
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Old 18-04-2014, 12:06 PM   #9
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Just renewed mine on DD at 80k miles.peace of mind and all that.always get back more than I paid in,so it makes sense for me
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Old 18-04-2014, 12:48 PM   #10
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My car had over 60k of warranty work in the 6 years i owned it
i would never buy another m car without it

Just my 2p worth
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