[ultimate]

my mom wakes me up this morning by telling me to pack up because we're going to cancun tomorrow. so much for super late family trip notices.

[Ricer X]

Originally Posted by vasillalov

My opinion on this would be to figure out how many miles you drive in a year. Then from previous receipts of BMW work, I'd figure out an overall cost per mile that you would have to pay if you must repeat the exact same work over the next year.

Next, double that number. If it is less than cost of extended warranty per mile -> self insure. If it is more than purchase warranty.

For me, extended warranty is not worth it. I barely do 6000 miles in a year and so far I've not broken anything on the car. It makes no sense to me to get extended warranty.

I drive 12-18k/yr.

I appreciate your approach and normally it would make sense except that it does not account for the fact that repair costs are incurred more frequently as the car ages, thus previous two years are not a good indicator of future costs. The question is, is it possible to quantify the ratio at which the costs accelerate over time to provide a proper forecast?

[Ricer X]

Originally Posted by ultimate

my mom wakes me up this morning by telling me to pack up because we're going to cancun tomorrow. so much for super late family trip notices.

Are we supposed to feel sorry for you?

[UdubBadger]

http://www.wnci.com/mediaplayer/?act...&item=20763705

[mkPOTO]

Originally Posted by UdubBadger

you guys hear about this guy?

http://v103.com/cc-common/news/secti...rticle=8005984

yeah i saw it last night, some guy gave him 10k

[ultimate]

not really. more jealous if anything

[Ricer X]

Originally Posted by ultimate

not really. more jealous if anything

yes, yes we are

[J BONE]

Originally Posted by AFV335i

I was actually considering starting an aftermarket wheel insurance program of my own to offer at one point.

You want a partner? Always looking for a business to start up

[J BONE]

Originally Posted by AFV335i

I drive 12-18k/yr.

I appreciate your approach and normally it would make sense except that it does not account for the fact that repair costs are incurred more frequently as the car ages, thus previous two years are not a good indicator of future costs. The question is, is it possible to quantify the ratio at which the costs accelerate over time to provide a proper forecast?

Get a new car. Nothing to worry or think about then

[J BONE]

Originally Posted by ultimate

my mom wakes me up this morning by telling me to pack up because we're going to cancun tomorrow. so much for super late family trip notices.

[BTM]

I would be down for a wheel insurance start up...

[UdubBadger]

Boner you get past 3rd base yet?

[mkPOTO]

Originally Posted by J BONE

You want a partner? Always looking for a business to start up

al let me know i think my dad is working with a local insurance place in chicago for his used cars

[J BONE]

Originally Posted by UdubBadger

Boner you get past 3rd base yet?

Still on second! Hit a single, double, then 3 strike outs in a row to retire the side. Up to bat again on friday though

[mkPOTO]

Originally Posted by BTM

I would be down for a wheel insurance start up...

not as easy as you think ha

[BTM]

who said I thought it was easy?

[vasillalov]

I can help with anything IT related (web site, hosting, online payment systems, etc etc)

[mkPOTO]

Originally Posted by BTM

who said I thought it was easy?

i dont know... just felt like saying that haha

[vasillalov]

Originally Posted by AFV335i

I drive 12-18k/yr.

I appreciate your approach and normally it would make sense except that it does not account for the fact that repair costs are incurred more frequently as the car ages, thus previous two years are not a good indicator of future costs. The question is, is it possible to quantify the ratio at which the costs accelerate over time to provide a proper forecast?

I agree. However you can put some science into this guess work:

Look at the official maintenance schedule for your car. Determine the major maintenance costs that you'd have to perform in the next 2 years of ownership based on miles driven.

Then you calculate the projected costs of maintenance over next 2 years and add this into the math.

From previous experience: my old VW Jetta was 4 years old when I got it. For the time I've owned it the only thing that actually broke was the mass airflow sensor. Wear items such as suspension, bushings, oils and liquids were replaced on a preventative maintenance basis.

The overall annual cost of ownership did not change at all from year 4 to year 10 of ownership. It was not until the car became 11 years old that it was beginning to exhibit random electrical problems.

I am fairly confident that the same will be with your BMW. If you figure out that the turbos will need to be replaced at 60K miles and plan for that, then you should be OK.

[UdubBadger]

Originally Posted by J BONE

Still on second! Hit a single, double, then 3 strike outs in a row to retire the side. Up to bat again on friday though

When Al's looking to hit a homer he says he always counts on Mr Pujoles

[UdubBadger]

Gary:

Carlos J. Jaile: "Post this one and tell gary to pound"

[UdubBadger]

I had like 3 things to do today and the computer keeps pulling me back in so I haven't even left the house. Fuck.