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Re: Extended Warranty - Advise please. (archive)

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Posted by Bob Crowley on November 05, 2000 at 15:33:06:

In Reply to: Re: Extended Warranty - Advise please. posted by Brent on November 03, 2000 at 11:53:10:

Warranty Direct sells a 7 year, 100K bumper to bumper deal for $2500. It adds another 7 years. The time starts when you buy the warranty - until 2007 - a good deal if you have 40k on the odo now and do 10 to 15k per year. Will pay for that "sealed for life" transmission replacement in a couple of years.

Remains to be seen if they honor the warranty without a hassle. Local dealer spoke with them before I purchased it, said they had no problem with the terms, which include wearout fixes, not just "breakdown". We'll see, and I'll report on results during the next year.

I'm looking at extended warranties for a '97 740iL with 59k mi. Anyone had any experience with WarrantybyNet? Pretty comprehensive coverage - 3 yr, 40k mi for about $2000, or 4 yr, 50K mi for about $2500. Any other suggestions? Seems like there are dozens of companies offering warranties.

My advise would be to definately get the warranty. One way to help you decide is to contact the shop you intend to use and ask them who they have dealt with and like. It seems that the couple different ones I have had paid off. One on an Isuzu Trooper replaced a cylinder head, another on a Honda Accord replaced a trans mission and an alternator. They paid for OE parts at the dealer in each instance anfd more than paid for themselves. My car has the BMW warranty, unfortunately yours is ineligible due to milage.

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