Join Date: Oct 2006
Location: Menlo Park, CA, USA
I bought my '02 RS with 23.3k miles last Sept./Oct. from a dealership that offered a warranty.
I laid down $1300 for an extended warranty.
1. On the way home, the bike overheated less than 15 miles from the dealership. Both fans replaced. No idea how much that cost, but it couldn't have been cheap.
2. After I got the bike back it lasted 300 miles. I hopped on it to ride to a picnic with my girl, and it made it about 2 miles from my house. All warning lights came on and the bike died. It would crank, but no start. Turns out the banjo bolt on the rear shock wore through the main wire harness, causing a huge direct short. Totalled the whole harness. $2200 repair, covered by warranty.
3. Went for a ride to Bodega Bay a month or so ago (maybe 2500 miles after the last failure). Had lunch, came out to the bike, wouldn't start. Turns out the battery had failed. NOT covered by warranty.
Last weekend I traded it in on a K1200GT with 1230 miles on it! Got tired of the troubles with the old bike, even though the warranty was still good for another 1.5 years.
Bottom line is the warranty paid for itself twice over with my bike in the short time I owned it. I also think that I had a particularly bad run of luck with my bike.
BMW bikes by and large are great bikes, and should not have major problems. In my case, it was worth it, but depending on mileage it may not be for you.
Good luck with your decision. I say keep the money in the bank and ride the heck out of your bike until your current warranty expires. Then keep piling on the miles after as well.
2010 Street Glide