Wednesday, November 23, 2016
Using OEM Parts for Your BMW and How It May Affect Your Insurance
Some insurance companies advise their clients to use aftermarket parts instead of OEM. The reason for this is that the companies do not want to pay the higher cost of OEM parts, even though their use is strongly recommended. Some insurance companies will even refuse to reimburse BMW owners the full cost of the OEM parts.
This can actually add up to a large amount of money that owners will have to pay out of pocket for BMW, Volvo, or Mercedes repair in Charlotte NC. Owners can argue that using aftermarket parts lowers the resale value of a BMW. And owners who trade in their BMWs with aftermarket parts are prone to receive less trade-in value. Many dealers check the repair history to see what kind of parts have been used in the repair process.
And if you have leased a BMW, the use of parts that are not OEM could wind up costing you a nice chunk of your security deposit. That is due to the fact that you will be returning your BMW in a very different condition from when you received it.
Not all insurance companies use tactics that advocate the use of aftermarket repair parts. There are some reputable companies that encourage their policyholders to use OEM parts and will not penalize them for doing so. The catch is that some of those companies have higher insurance rates.
When it comes to any cosmetic repairs, non-OEM parts have not been proven to decrease the overall safety of the vehicle. However, many BMW owners are very selective when choosing any cosmetic replacement parts, particularly since it is not a small investment.
The bottom line is that it’s important to know all the details of your insurance policy before any trouble occurs. There are plenty of options and before there is a need to make any type of repair to your BMW, you should know all of them.
at 9:04:00 AM