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      11-17-2019, 03:17 AM   #1
MMMM6GC
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M6 GC aftermarket warranty data points

Hi all,

Picked up an F06 GC this week (can't stop staring at it), '14 ZCP 44k miles. I'll post pics next month as it's soon going in for a paint correction, PPF etc

Anyway, I've been on the hunt for aftermarket warranties the whole week, having searched every thread and harassed every warranty company/local dealer worth contacting.

After getting so many quotes I started noting them in a Google sheet, linked here

Hopefully this is a useful ref for people looking for data points. Please note the warranty prices are based heavily on year and mileage, so keep them in mind when comparing for your own vehicle. All dealer quotes are from the DMV area, and AFAIK plus tax.

FYI, I'm coming to the end of my research and am leaning heavily toward the MOPAR warranty (simply because it's manufacturer backed, exclusionary and a very reasonable price). Second choice is "The Mechanic" backed by Assurant, and highly recommended by a local BMW Dealer. Going to negotiate with these final two tomorrow and make a decision.

PS let me know if there are any errors in the sheet, or anything I should add/change.
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      11-18-2019, 11:52 AM   #2
Mandrake
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Thanks for sharing this. I am in DC and looked into some of the same options over the past few months. I eventually decided to go with a plan offered by my credit union--it is MRC (Mechanical Repair Coverage), which is marketed by many credit unions. I attach the quote I received showing coverage and deductible options for the Platinum plan (excludes maintenance and consumables but covers everything else). Tax is included. Note that these are specifically for my car, a 2016 M6GC with 16K miles, and the time and distance coverage starts when the policy is issued. (Not when the car entered service.) Opinions surely differ, but I thought the $250 deductible made sense. Good luck.
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      11-18-2019, 01:45 PM   #3
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Thank you for sharing the spreadsheet with detailed warranty information. You can actually buy a MOPAR warranty for an M6?

Did you make a decision?

I see so many horror stories about warranty clam issues that I'm hesitant to purchase one. Thanks.
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      11-18-2019, 09:26 PM   #4
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Quote:
Originally Posted by Mandrake View Post
Thanks for sharing this. I am in DC and looked into some of the same options over the past few months. I eventually decided to go with a plan offered by my credit union--it is MRC (Mechanical Repair Coverage), which is marketed by many credit unions. I attach the quote I received showing coverage and deductible options for the Platinum plan (excludes maintenance and consumables but covers everything else). Tax is included. Note that these are specifically for my car, a 2016 M6GC with 16K miles, and the time and distance coverage starts when the policy is issued. (Not when the car entered service.) Opinions surely differ, but I thought the $250 deductible made sense. Good luck.
That's really interesting - I've not come across MRC before but being offered by a credit union, it'll likely be a more reputable plan with a strong backer. The two credit unions I tried (APGFCU and Skypoint) didn't sell extended warranties or only had the Route66 powertrain plan.


Quote:
Originally Posted by MikeM6 View Post
Thank you for sharing the spreadsheet with detailed warranty information. You can actually buy a MOPAR warranty for an M6?

Did you make a decision?

I see so many horror stories about warranty clam issues that I'm hesitant to purchase one. Thanks.
Yeah I was just as surprised. I was visiting a detail shop and got to talking with the owner - he told me to forget all others and try and find a MOPAR warranty. You can check their official website here and in the FAQ they specifically mention:

All Chrysler, Dodge, Jeep® , Ram, FIAT® and Alfa Romeo vehicles, and most - but not all - competitive make vehicles are eligible for genuine Mopar® Vehicle Protection. You may purchase a plan for your vehicle by visiting an authorized dealer or calling 1-866-818-9929. If you are interested in Mopar Vehicle Protection for a competitive make, please visit your authorized dealer to inquire about eligibility.


I'm pretty close to a decision, just pending getting the policy wording sent through by my 2 top choices: MOPAR & The Mechanic/Assurant
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      11-18-2019, 11:57 PM   #5
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I don't think I saw this in your spreadsheet, but you may also want to check out Ally's protection plans. They were formally the GM Protection Plan and now sell under the Ally name. The policy administrator is Universal Warranty Corp.

They quoted a 4 yr, 48k mi. exclusionary ("Major Guard") at $4,483 for my 2015 M6. 18 mo., 0% interest. I ended up buying it and used it once so far without any issues (replaced a coil pack). My service advisor said he's dealt w them before for other clients and never had problems with repairs being covered. Worth checking out: https://www.ally.com/auto/vehicle-protection/
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      11-19-2019, 09:52 AM   #6
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Quote:
Originally Posted by MMMM6GC View Post
You can check their official website here and in the FAQ they specifically mention:

All Chrysler, Dodge, Jeep® , Ram, FIAT® and Alfa Romeo vehicles, and most - but not all - competitive make vehicles are eligible for genuine Mopar® Vehicle Protection. You may purchase a plan for your vehicle by visiting an authorized dealer or calling 1-866-818-9929. If you are interested in Mopar Vehicle Protection for a competitive make, please visit your authorized dealer to inquire about eligibility.


I'm pretty close to a decision, just pending getting the policy wording sent through by my 2 top choices: MOPAR & The Mechanic/Assurant
Were you able to call and deal directly with MOPAR for the quote or did you have to visit a local Chrysler dealer?
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      11-19-2019, 10:00 AM   #7
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Quote:
Originally Posted by nissan View Post
They quoted a 4 yr, 48k mi. exclusionary ("Major Guard") at $4,483 for my 2015 M6. 18 mo., 0% interest. I ended up buying it and used it once so far without any issues (replaced a coil pack). My service advisor said he's dealt w them before for other clients and never had problems with repairs being covered. Worth checking out: https://www.ally.com/auto/vehicle-protection/
Is the Ally coverage 4yr, 48k mi. from the time your factory warranty coverage expires?

Did Ally cover the full cost of the repair at a BMW dealer?

Did you purchase Ally coverage direct or through a dealer? Website states to get pricing details from your dealer.

Thanks.
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      11-20-2019, 04:40 PM   #8
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Garage List
I have Freedom Warranty of America’s policy on my 7 and 6.
I’m actually going to pay for the M6 coverage tomorrow morning.
60 months/125k on speedometer (I’m at 30k so is 95k miles)
The usual plus:
Entertainment system upgrade- screens, modules, amps...
Sensor upgrade - engine, trans, body sensors all covered.
Suspension system upgrade
Enhanced Labor rate upgrade
4020.00

Have the same policy on the 7.
They’re out of Tennessee.
Can purchase from them but is expensive. I got my 7 through a dealer who uses them for his coverages. I called them and the gal told me it would be a lot less expensive if you go through a dealer. She told me to call him and ask if he’d sell a policy. I didn’t know that could done. My guy is a stand up guy, and sold me the same premium policy without even buying a car from him.
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      11-20-2019, 04:49 PM   #9
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^and a 100 $ deductible.
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      11-20-2019, 09:19 PM   #10
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Quote:
Originally Posted by MikeM6 View Post
Is the Ally coverage 4yr, 48k mi. from the time your factory warranty coverage expires?

Did Ally cover the full cost of the repair at a BMW dealer?

Did you purchase Ally coverage direct or through a dealer? Website states to get pricing details from your dealer.

Thanks.
4 yrs/48k mi. from the date of warranty purchase (I bought it wren I was under warranty and had a month left of factory coverage). Ally covered the full cost of the repair that was done at a BMW dealer, less a $100 deductible.

I bought it directly from calling Ally, but if you google there are probably a few dealers that will sell direct over the phone.
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      11-21-2019, 06:57 PM   #11
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Quote:
Originally Posted by nissan View Post
I don't think I saw this in your spreadsheet, but you may also want to check out Ally's protection plans. They were formally the GM Protection Plan and now sell under the Ally name. The policy administrator is Universal Warranty Corp.

They quoted a 4 yr, 48k mi. exclusionary ("Major Guard") at $4,483 for my 2015 M6. 18 mo., 0% interest. I ended up buying it and used it once so far without any issues (replaced a coil pack). My service advisor said he's dealt w them before for other clients and never had problems with repairs being covered. Worth checking out: https://www.ally.com/auto/vehicle-protection/
I definitely had Ally on my list - I can't find the details now but I'm almost certain they said they couldn't cover me when I reached out! That's an excellent price btw

Quote:
Originally Posted by MikeM6 View Post
Were you able to call and deal directly with MOPAR for the quote or did you have to visit a local Chrysler dealer?
I did try call MOPAR directly but they referred me to their website which wasn't too helpful. The quote I got was through working with the dealer
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      11-21-2019, 07:08 PM   #12
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Update - had to make a decision quickly as am heading out of town for some time, so I ended up going with The Mechanic (Assurant) warranty offered by BMW Alexandria.

Deal was $7.2k inc taxes for the platinum exclusionary coverage 5yr/60k 100ded, from date of signing. That would take me to 2024/105k miles. It's a massive warranty for a massive price - but the reasons I went for it were:

1 - Dealer has a long history working with them, and have had no issues with things like labor rates and non-OEM parts. Assurant are a big company.
2 - I'm looking primarily at the per-year cost, as virtually all the warranties I've seen are pro-rata refundable. I budgeted $1500 p/y as the max I would spend on a warranty; if it was much more than that I would rather just stash the $1500 away each year and keep my fingers crossed. This deal falls just below that ($1440p/y)
3 - The long terms mean that if I sell the car after a couple years, there will still be significant warranty coverage available for the new buyer, or a nice $3k+ refund for me

The only downside with this was I had to put the whole amount up front to get the discounted price. I have 60 days to change my mind so will keep my options open!
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      11-22-2019, 10:25 AM   #13
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I'm in the exact same situation, thanks for sharing! Let us know if you do cancel in 60 days! Who did you speak with at BMW of Alex? Was it Al?
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      11-22-2019, 11:24 AM   #14
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Quote:
Originally Posted by FastNotCrazy View Post
I'm in the exact same situation, thanks for sharing! Let us know if you do cancel in 60 days! Who did you speak with at BMW of Alex? Was it Al?
Np! Hopefully people can use the data points for negotiation / ball park figures, as prices are all over the place and it's not an insignificant purchase!
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