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Offline nrthrnbkr

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Re: 2016 reliability - extended warranty worth it?
« Reply #30 on: September 16, 2018, 06:09:14 PM »
*Originally Posted by zombie [+]
I tried to trade my bike in yesterday when I got the water pump leak (hopefully) fixed...  But they were undercutting the value of the bike so badly I couldn't justify doing it, lol.

Including you, me and two other people I know thats four people offered poor trade in values in the last few weeks  - factor in the time of year and the market pretty flooded with second hand and old pcp bikes, the BM is depreciating worse than the GSXS and the MT10 ! Non-BM Dealers obviously know that BM have been overvaluing its used price and many of these machines are now finding their way to non-franchised outlets and the private market.
« Last Edit: September 16, 2018, 06:10:46 PM by nrthrnbkr »

Offline okemos

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Re: 2016 reliability - extended warranty worth it?
« Reply #31 on: September 17, 2018, 04:16:02 PM »
*Originally Posted by Woody146 [+]
100 percent yes buy an extended warranty!!!

Coolant issues, cam chain / tensioner / potential cam wear, micro switches breaking, handlebar switches malfunctioning

That is my 2 cents and personally, I would not own one of these bikes if it was not covered under a warranty

Im not trying to scare you. Im being real with you. I have owned 2 of these bikes and will always love them.

To get down to the cams is essentially doing an 18k in the tear down / labor aspect. That is around an 8 hour job. Most shops labor rates are at least 125$.  That is a lot of money and that is not including new cams which are over $1000. Warranty = worth it.

I believe the BMW warranty says it does not cover wear items, so it's not a sure thing they'll pay for your cam or crankshaft that goes out. I've heard, though, that if you've been taking your bike into the dealer for oil changes, and simple stuff like that, you're considered an excellent BMW customer and therefore they'll make exceptions.

Offline SwiftTone

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Re: 2016 reliability - extended warranty worth it?
« Reply #32 on: September 17, 2018, 04:22:06 PM »
*Originally Posted by okemos [+]
I believe the BMW warranty says it does not cover wear items, so it's not a sure thing they'll pay for your cam or crankshaft that goes out. I've heard, though, that if you've been taking your bike into the dealer for oil changes, and simple stuff like that, you're considered an excellent BMW customer and therefore they'll make exceptions.

Cams and crankshafts should not considered wear items.

Offline GDCobra

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Re: 2016 reliability - extended warranty worth it?
« Reply #33 on: September 17, 2018, 07:51:46 PM »
*Originally Posted by SwiftTone [+]
Cams and crankshafts should not considered wear items.

Neither should clutch cables at a couple of thousand miles, but...

Offline SwiftTone

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Re: 2016 reliability - extended warranty worth it?
« Reply #34 on: September 17, 2018, 07:58:50 PM »
*Originally Posted by GDCobra [+]
Neither should clutch cables at a couple of thousand miles, but...

Has anyone's cam/crank shaft warranty claim been denied because it's considered an wear item(like brake pads are)?

Offline SwiftTone

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Re: 2016 reliability - extended warranty worth it?
« Reply #35 on: September 28, 2018, 04:49:38 AM »
So I shopped around and found that my local dealer group has their own in house warranty.
What are your thoughts on this coverage? . $50 deductible and I can go to any BMW dealership.
My only concern is the 6th box; gauges are not covered. And 2nd paragraph below the boxes; total coverage per claim is $5000.
What differ this from other extended warranties is that it does not have a sh#t load of exclusions.
Thoughts?


Offline jjsc6

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Re: 2016 reliability - extended warranty worth it?
« Reply #36 on: October 15, 2018, 02:29:41 AM »
*Originally Posted by Avgas [+]
No, never buy an extended warranty on anything.

Put that $1200 in a savings account and don't touch it. If you ever have any issues with the bike, you can perform the work yourself, or find a reputable mechanic with BMW experience ( not a dealership) and use the money from the account, chances are you will have money left over after 3 years.

The key is to average it out.  Put the money into savings you would spend on extended warranties on all items you have where a warranty is offered. On any one product a warranty might pay off. But it's a numbers game.  Spread across a lot of units the house wins. The people who sell extended warranties know that across a lot of units less will be spent on repairs than is spend buying the warranties. It a profit thing!
2016 S1000R - Gone Feb 2018
Current....
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Offline windyrun

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Re: 2016 reliability - extended warranty worth it?
« Reply #37 on: October 15, 2018, 02:39:33 PM »
One thing to consider is if other BMW dealers will accept the terms of the contract--payment offered to do the repair including parts. If you are planning on taking bike to dealer that offers this then you would think it reasonable that they would do the work, but that is not guaranteed either.
« Last Edit: October 15, 2018, 02:40:49 PM by windyrun »

Offline SwiftTone

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Re: 2016 reliability - extended warranty worth it?
« Reply #38 on: October 15, 2018, 03:40:13 PM »
*Originally Posted by jjsc6 [+]
The key is to average it out.  Put the money into savings you would spend on extended warranties on all items you have where a warranty is offered. On any one product a warranty might pay off. But it's a numbers game.  Spread across a lot of units the house wins. The people who sell extended warranties know that across a lot of units less will be spent on repairs than is spend buying the warranties. It a profit thing!

Yes in general its a losing game when you get into extended warranties. However, if you do have an issue then the $1200 you put into a savings can get eaten up pretty quickly. ie; brake warning light on. Say it turns out to be an ABS sensor.  To get it repaired it would be 1 hour of labor for diag, 1 hour of labor for replacement, and the $163 part. In my area that job would have costed me $403 for a simple sensor.

Offline SwiftTone

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Re: 2016 reliability - extended warranty worth it?
« Reply #39 on: October 15, 2018, 03:42:17 PM »
I ended up purchasing an extended warranty that is backed by my local dealer group. $1000 for 3 years unlimited miles, $0 deductible. The terms read basically the same as the factory warranty.

 


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