PenFed - Mechanical Breakdown Protection (MBP) - go or no go?
#1
11-14-2008, 10:50 AM
Join Date: Jul 2008
Location: Los Angeles, CA
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
PenFed - Mechanical Breakdown Protection (MBP) - go or no go?
For those of you who got the loan from PenFed, just wondering if you purchased the Mechanical Breakdown Protection (MBP) that they offered? Would mini dealership honor that extended warranty, or how does that work?
This is what I was quoted:
This is what I was quoted:
MECHANICAL BREAKDOWN PROTECTION QUOTATION
QUOTE INCLUDES A $0.00 DEDUCTIBLE
-------------------------- Plan #1 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 7 yrs, 75k miles
Coverage Expiration: 11/14/2015 or 75,000 miles
Plan Match Rating ?: 4½ stars (out of 5)
Premium: $1,410.00
Tax: $0.00
Total: $1,410.00
-------------------------- Plan #2 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 6 yrs, 75k miles
Coverage Expiration: 11/14/2014 or 75,000 miles
Plan Match Rating ?: 4 stars (out of 5)
Premium: $1,210.00
Tax: $0.00
Total: $1,210.00
-------------------------- Plan #3 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 7 yrs, 100k miles
Coverage Expiration: 11/14/2015 or 100,000 miles
Plan Match Rating ?: 4 stars (out of 5)
Premium: $1,785.00
Tax: $0.00
Total: $1,785.00
-------------------------- Plan #4 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 5 yrs, 60k miles
Coverage Expiration: 11/14/2013 or 60,000 miles
Plan Match Rating ?: 3½ stars (out of 5)
Premium: $1,095.00
Tax: $0.00
Total: $1,095.00
-------------------------- Plan #5 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 5 yrs, 75k miles
Coverage Expiration: 11/14/2013 or 75,000 miles
Plan Match Rating ?: 3½ stars (out of 5)
Premium: $1,165.00
Tax: $0.00
Total: $1,165.00
-------------------------- Plan #6 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 6 yrs, 100k miles
Coverage Expiration: 11/14/2014 or 100,000 miles
Plan Match Rating ?: 3½ stars (out of 5)
Premium: $1,455.00
Tax: $0.00
Total: $1,455.00
-------------------------- Plan #7 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 5 yrs, 85k miles
Coverage Expiration: 11/14/2013 or 85,000 miles
Plan Match Rating ?: 3 stars (out of 5)
Premium: $1,210.00
Tax: $0.00
Total: $1,210.00
-------------------------- Plan #8 --------------------------
Plan Name & Type: Platinum Coverage For New Cars (Platinum)
Terms of Coverage: 5 yrs, 100k miles
Coverage Expiration: 11/14/2013 or 100,000 miles
Plan Match Rating ?: 3 stars (out of 5)
Premium: $1,365.00
Tax: $0.00
Total: $1,365.00
Rates subject to change without notice
? The "Plan Match Rating" was determined based upon the buyer's answers to the Best Plan Determination questions (Expected length of ownership: 7.0 years; expected distance traveled: 10000 miles/year).
To be eligible for a new or extended service plan the vehicle must still be covered by the full manufacturer's warranty or the vehicle must be purchased within 10 days of the date of this application. The new vehicle term begins on the date of this application and at "0" miles on the odometer and continues for the number of months selected or until the number of miles selected appears on the vehicle's odometer, whichever occurs first.
This Quote DOES NOT include Commercial Coverage
This quotation is based on information you provided on your vehicle as of today. This letter does not guarantee or bind coverage. Rates and eligibility are subject to regulations and conditions filed in your state. Quote is valid until 11/24/2008 only if the quoted vehicle, model year, model, and mileage remain the same.
#2
11-15-2008, 09:41 AM
#3
11-15-2008, 10:02 AM
Funny you mention this. When I put my new MINI on my existing Geico account I found that they added a "Mechanical Breakdown" insurance charge to my coverage without informing me. It was only $36.00 for half a year, but from what I could determine it was the same thing AAA and MINI's Roadside Service already covered. I immediately removed that.
Incidently, three days after changing my policy and dropping my deductible on collision from $500 to $250, I got rear-ended. I'm hoping the insurance of the chucklehead that hit me will cover the damage, but you never know in these days of no-fault.
Incidently, three days after changing my policy and dropping my deductible on collision from $500 to $250, I got rear-ended. I'm hoping the insurance of the chucklehead that hit me will cover the damage, but you never know in these days of no-fault.
Thread
Thread Starter
Forum
Replies
Last Post
RobbyD
MINIs & Minis for Sale
11
01-29-2019 01:22 PM
eliseo1981
MINI Parts for Sale
4
11-02-2015 11:24 AM