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Discussion Starter #1
If I get my lease deal on this brand new car - which I will probably do in the next few days - is it worth me taking out the maintenance insurance for the 3 year lease? It still has it's manufacturer's warranty so not sure it's worth it.

It works out £1,047 over the 3 year term. Includes roadside/breakdown assistance, mechanical/electrical repairs/manufacturer's scheduled servicing and MOTs, all perishable items (bulbs/batteries/wipers etc).

This is my first ever car so I know nada about this stuff - but if my car is unlikely to break down or need too much work/tyres etc - is it worth it?

I have someone saying it's such a good deal, go for it - and someone saying no, brand new car, don't need it.

Any thoughts?

Thanks so much.
 

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Sour Mash
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What mileage cap are you going to get?

If it's 6000 a year you are unlikely to need more than one service a year and a set of tyres if that.

Unless you do over 20k a year the car will always be under warranty so disregard any "benefit" they claim you get that is actually covered by the warranty. Just consider it a maintenance package as the name suggests so consumable/perishable parts and services
 

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You don't need it really. It's a 17 car so probably has two years of warranty left? So for a thousand pounds, you will get an Mot which you don't need for another two years, and servicing which is minimal if you follow the intervals so unlikely you'll spend that. You might if you take it to a main dealer, because they'll tell you the car needs things when it doesn't quite.

My advice is to accept the possibility of going to the garage or wherever, a bit more often and not fall for the sales effort of the dealership when they phone you and say how the car's doing, but it just needs blah or blurb. The reality is, that it will be being judged on whether it is likely to reach the next interval, so they want you to do things now if you see what I mean.

Most 'customers' that like you have either little motoring experience or simply don't know about cars, what things do or where they go, and what they mean, have a hard time knowing who or where to trust, so I empathise with those faced with expense after expense if relying on main dealers. They charge over £125 per hour, and will charge sometimes ten minutes to clip in wiper blades, or twenty for fitting a bulb, the bulb itself might be £8 where another shop it might be £1 and fitted free or for £5-10. You can get the idea how your money can be spent.

Sorry another long post, that's me. The truth is you don't need the agreement. Check your bank account and car insurance, often perks are included such as breakdown service. The BMW service is very good ok, but life seems to be about making you think you need some sort of cover or other. It's a wonder people make it out the door haha.

My other opinion regarding purchasing the car stands ;O) I know I couldn't save £11k in a three year period, let alone give away £6k of it if I did. (your potential residual)
 

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Discussion Starter #4
What mileage cap are you going to get?

If it's 6000 a year you are unlikely to need more than one service a year and a set of tyres if that.

Unless you do over 20k a year the car will always be under warranty so disregard any "benefit" they claim you get that is actually covered by the warranty. Just consider it a maintenance package as the name suggests so consumable/perishable parts and services
So I'm going for 8,000 miles annual mileage - I'm a new driver living in London but won't be driving much in the city. Need it for weekend travel only.
 

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Discussion Starter #5
You don't need it really. It's a 17 car so probably has two years of warranty left? So for a thousand pounds, you will get an Mot which you don't need for another two years, and servicing which is minimal if you follow the intervals so unlikely you'll spend that. You might if you take it to a main dealer, because they'll tell you the car needs things when it doesn't quite.

My advice is to accept the possibility of going to the garage or wherever, a bit more often and not fall for the sales effort of the dealership when they phone you and say how the car's doing, but it just needs blah or blurb. The reality is, that it will be being judged on whether it is likely to reach the next interval, so they want you to do things now if you see what I mean.

Most 'customers' that like you have either little motoring experience or simply don't know about cars, what things do or where they go, and what they mean, have a hard time knowing who or where to trust, so I empathise with those faced with expense after expense if relying on main dealers. They charge over £125 per hour, and will charge sometimes ten minutes to clip in wiper blades, or twenty for fitting a bulb, the bulb itself might be £8 where another shop it might be £1 and fitted free or for £5-10. You can get the idea how your money can be spent.

Sorry another long post, that's me. The truth is you don't need the agreement. Check your bank account and car insurance, often perks are included such as breakdown service. The BMW service is very good ok, but life seems to be about making you think you need some sort of cover or other. It's a wonder people make it out the door haha.

My other opinion regarding purchasing the car stands ;O) I know I couldn't save £11k in a three year period, let alone give away £6k of it if I did. (your potential residual)
Please don't underestimate how incredibly helpful this sort of advice is! I've always been the kind of person who wants to know exactly how things fit together in order to get them to work. If I know how parts all fit together, I know how to get the best out of it! Hence being a complete tech geek etc. So I really want to get to know my new car inside and out. Which is why it's frustrating at this stage not knowing enough about cars yet.

I do hear you on the finance vs buying - the only reason I am leasing now is because this is my first ever car. I don't want to jump in and buy a car, as a brand new road user, not having experienced what's out there. I thought a 3 year lease on a Mini Countryman would teach me a lot about what I like/don't like. I'd love to own thereafter. I definitely can't afford to wallop a whole load down right now but the deal they are offering is affordable for me at the moment. Although a bit eye watering!!! I'd love a little Cooper but as I am a lot older, I have elderly parents or small nieces I envision having to run around - plus and all fishing/all golfing other half! So I needed something bigger.

Re the maintenance - what a good point about being 2 years in to the 3 of the manufacturer's warranty. Hadn't thought of that.

It's a leasing company - basically a financial car broker. They just do the financing so of course want you to get as many extras as possible.

I can add roadside assistance via my car insurance for £65 per year.

So I am tempted to say no to the maintenance agreement
 

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Sour Mash
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It goes without saying but check the terms and conditions as leasing companies do often require you to replace consumable parts with whatever was on the car, and some require you take it to a main dealer for servicing, dont want to be stung for penalty charges when you hand it back

Even with that worst case scenario I'd say with your mileage a set of premium tyres and a couple of MINI services you will still have a bit of change left over from the thousand pounds if you skipped the package and paid for them as and when required

Breakdown cover on a brand new car I'd be tempted not to bother and take the risk of having to pay for it if you do break down, £65 a year is a lot
 

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Most 'customers' that like you have either little motoring experience or simply don't know about cars, what things do or where they go, and what they mean, have a hard time knowing who or where to trust, so I empathise with those faced with expense after expense if relying on main dealers. They charge over £125 per hour, and will charge sometimes ten minutes to clip in wiper blades, or twenty for fitting a bulb, the bulb itself might be £8 where another shop it might be £1 and fitted free or for £5-10. You can get the idea how your money can be spent.
 

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Weigh up the cost of paying for each service - and if there are different A and B services depending on how many miles you have covered and how many MOT’s you intend to keep the car for. I have a 5 year service agreement on my current car which requires services at either 16000 miles or 12 months which ever comes first. An A service is £350 - basically an oil and filter change - and a B service is double that. The contract also includes 2 MOT’s and replacement of worn (but not damaged) tyres and it stays with the car even when I sell it so the next owner gets the benefit out to 5 years old. It cost me £550 extra when I bought the car and the cost is now recovered after 3 Services and an MOT. Unfortunately I had to buy a new £320 tyre to pass the MOT this year as I had a slash into the rubber but not into the steel casing, but was advised it would be an MOT failure...... to buy the same agreement now would cost £850 on a new car of the same make but still good value over the 5 years of the agreement. It also ensures you keep the car in the dealer and approved independent service franchises/ specialists ( as they too can service the car so long as they are approved by the maker) network so it has Full Marque Service History come selling on time.
 
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Tim in Scotland
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