Join Date: Apr 2007
Location: Tunbridge Wells, Kent, UK
Extended Warranty - rip-off or what?
My 2003 K1200GT was bought with extended warranty which included European breakdown cover - it expires July 13th. BMW contacted me and proposed renewal for a further 12 months for ..... £659 (that's over $1300!). Keeping calm I read and re-read the small print. Basically BMW will cover you for claims which are due to manufacturing defect ONLY. Since the bike is now entering its fifth year, with 18500 miles on the clock, it is evident to all that, as time passes the likelihood and opportunities for warranty claims diminish as 'normal wear and tear' takes over. Any warranty claims would surely have surfaced by now.
This was evident even to the helpful young man from BMW financial services; he agreed with me that that the premium should reduce each year as the risk (to BMW) will reduce steeply each year. But no, they have increased the cost from £250 to £659 !!
Can any of you explain BMW's rationale? I mean, if they had been offering me insurance against ANY fault (with certain conditions such as non crash accident, regular servicing etc) then this may have been a good deal. As it stands, it's rubbish as I could find no reasonable way in which I could claim against the policy ! (Even the BMM guy had to agree that "no way does it provide you with peace of mind). :wtf
John I. Stephen - Tunbridge Wells, Kent, UK
K1300 GT (quite superb ! )
Triumph Tiger 1050 (2008)
K1200 GT (2003)
Suzuki GS 750 (late 1970s)