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Old 01-11-2013, 05:11 AM
Capobranco's Avatar
Capobranco Capobranco is offline
Eye of the Wolf
Location: Potomac, Maryland
Join Date: Mar 2010
Posts: 2,703
Mein Auto: M2, X5
Originally Posted by 1zamboni View Post
Yo mind sharing how much Geico charge for the ext warranty? BMW wants $6880 for the 7 years 100K miles coverage.
General info copied from my policy:

"Mechanical Breakdown Insurance

Mechanical Breakdown Insurance (MBI) is an insurance coverage that pays for repairs to your vehicle (excluding routine maintenance and normal wear and tear).

GEICO's MBI coverage:
  • Covers repairs to all mechanical parts like your engine, cooling and electrical, transmission, brakes, and air conditioning.
  • Saves you money by charging only a small premium each policy period, instead of a large lump-sum payment up front.
  • Allows you to have your car repaired wherever you like. With a dealer warranty, you are often required to use their location, even if you are unhappy with the service.
MBI is only available for new or leased vehicles that are less than 15 months old and have less than 15,000 miles. This coverage also carries a $250 deductible*."

Bumper to bumper coverage - effective coverage - 7 years/100,000 miles commencing from purchase date of car.

Cost varies - my cost $78 a year.
Obvious catch - you have to initiate coverage while your car is still under the BMW warranty - still not a bad hedge if you think you might keep your M beyond four years - BMW's very expensive extended warranty is definitely an eye popper and a deterrent to keeping the car. GEICO is counting on me getting bored and trading the car - which is what I have always done in the past - but maybe not this time.....
..BMWCCA...10th BMW

Last edited by Capobranco; 01-11-2013 at 07:19 AM.
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