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Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > M Series > E46 M3 (2001-2006)

E46 M3 (2001-2006)

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  #1  
Old 10-27-2012, 01:22 PM
lenardbjr lenardbjr is offline
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Location: NC
 
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Mein Auto: 2003 M3
Good ext warranty company for m3

If you already have one whats a good company that covers the M3's? THanks.
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  #2  
Old 10-27-2012, 02:55 PM
lenardbjr lenardbjr is offline
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Location: NC
 
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Mein Auto: 2003 M3
Just got a call from a Ext warranty company that refused to email me the warranty contract. If you get a call from American Auto Shield dont pay for it. THey have over 100 complaints on BBB but are still a A+. Just trying to help the other Beemer heads.
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  #3  
Old 11-04-2012, 08:52 PM
Steveo Steveo is offline
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Location: Edmonds, WA
 
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Mein Auto: E46 M3 Convertible - SMG
I'm not sure how you define a good company for this warranty, but my guess is that there are no options out there. Not speaking to the company but how much you will have to pay for an extended warranty on an M3. Like many insurance policies,( and that's what an extended warranty is ) these warranty policies are priced, in part, based on the losses paid compared to the premium earned. The E46 M3 reliability is so pitiful that the pricing of those policies must be huge. Before we have to discuss reliability of these cars, please refer to all the complaints on this forum, and others. I'm basing my relaibility comment only on what I've read here, and elsewhere. My car had all the factory issues cleaned up before I bought it, and I've had no breaks, etc. so far.
However, when this car breaks, most of you may know that it costs a lot to fix it. The warranty companies know what breaks, how frequently the breaks occur, and how much it costs to fix those breaks.
Suggest you contact those 'stealers" everyone seems to hate so much. Each one probably sells policies from more than one company. See if you can get a price for your car, then decide what's right for you.
FWIW, when I bought my E 46 M3 2 years ago from the 2nd owner, the best price I could find in the Northwest area was about 3X the same policy for a comparable Asian car.
The newer M3 models may have improved so much that such policies are readily available and / or relatively inexpensive. Let us know what you find in the marketplace. Good luck.
Good luck.
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  #4  
Old 11-04-2012, 10:24 PM
lenardbjr lenardbjr is offline
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Location: NC
 
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Thanks. Best reply yet. I found one that met all my needs. You are right they are pricey but in my case is a must.
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  #5  
Old 11-06-2012, 04:05 PM
Steveo Steveo is offline
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Location: Edmonds, WA
 
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Mein Auto: E46 M3 Convertible - SMG
Just curious ... what year model is your M3?
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  #6  
Old 11-06-2012, 04:11 PM
lenardbjr lenardbjr is offline
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Location: NC
 
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my M3 is a 2003 with 64k miles on it.
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  #7  
Old 11-25-2012, 02:14 PM
2002M3 2002M3 is offline
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Location: Lewis Center, OH
 
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Mein Auto: 2002 M3 Convertible
Would you like to share their contact info?

I too may be in the market for this......but am concerned about the price/reliability of the company.
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  #8  
Old 12-20-2012, 10:01 PM
pkincy pkincy is offline
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Location: San Diego, Ca
 
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Mein Auto: E46 M3 Cabriolet 2005
You will need to purchase the extended warranty during the original warranty period to get a "good" policy.

When my 2005 M3 warranty was coming up in mid 2009 I priced them extensively. I have used them very successfully on a number of cars I have had that had lower extended warranty costs and have gotten new engines, new transmissions, etc. with them. (all that needs a very friendly dealer also).

However my pricing of the ext warranty put it at $4500 at the time. I could easily replace the SMG pump for that price myself so decided to self insure. I have the $4500 in the bank and although it hasn't earned much interest, I haven't had to do any extraordinary maintenance that the policy would have covered yet either. And that was 3.5 years ago so the ext warranty would be over about now.

So I am $4500 ahead of the game.

My only suggestion is to not spend the "premium" you are paying yourself to insure against major repairs. You may need it and if you do, you want to have the money available at that time.
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  #9  
Old 12-21-2012, 07:33 AM
lenardbjr lenardbjr is offline
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Location: NC
 
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Mein Auto: 2003 M3
thanks i finally found one. i am using auto pom
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  #10  
Old 12-24-2012, 07:50 AM
m3e46freak m3e46freak is offline
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Location: MD
 
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Please read your fine print very closely before signing anything buddy...
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  #11  
Old 01-05-2013, 08:25 AM
2002M3 2002M3 is offline
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Location: Lewis Center, OH
 
Join Date: Oct 2012
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Mein Auto: 2002 M3 Convertible
Has anyone heard of Auto Assure?

They are doing radio ads in my area for extended warranty.
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  #12  
Old 01-05-2013, 08:40 AM
lenardbjr lenardbjr is offline
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Location: NC
 
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Mein Auto: 2003 M3
naw i never heard of them. i dont know your year and model but are u able to go through the bmw dealer for a ext warranty?
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  #13  
Old 01-06-2013, 08:15 AM
2002M3 2002M3 is offline
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Location: Lewis Center, OH
 
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Mein Auto: 2002 M3 Convertible
2002 M3 70k

No, I haven't tried the dealer....probably worth a call.
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  #14  
Old 01-06-2013, 08:23 AM
lenardbjr lenardbjr is offline
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Location: NC
 
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Mein Auto: 2003 M3
My car is older a 2003 with low miles but I saw prices that vary from 2 to 5 years and cost $2k to 5k. Just depends on what they cover.
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