Lack of warranty is the main reason I'm thing about walking away. As for the insurance thing, I'm 20 and totaled 3 very nice cars my first year driving.. they hate me.
Cars We Drive! - Page 1388
I got the Wheel and Tire warranty for my Outback. I went through about a tire a year in my GTI and my wife tends to pick up nails. I think we paid maybe $500-$600 for 6 years of warranty.
Also as I was buying the Wheels and Tire warranty, I mentioned we are swapping out my wife's car for another car. He asked if I wanted to put a wheel and tire warranty on that. I am thinking about it as it is a MB E350 with the AMG wheels so lower profile tires, different F/R offset, and an expensive OEM wheel to replace. I think they wanted $700 for 6 years.
Not including regular maintenance and tires, I think I've spend about $4k on repairs (replaced VANOS, rear diff leak x 2, window regulator, something to do with the power seat, coils).. Most of that $4K was for the VANOS replacement.
For the 540i, I think it's been a similar amount (radiator, gaskets galore, pcv valve, camshaft position sensors, oxy sensor, fender liner).
Regular maintenance costs aren't too bad at the independent garage.
I do simple stuff like oil changes, replacing sensors, coils myself. It helps that we average around 5K miles on them per year. Also I've got a decent, and as important, trustworthy independent garage to take them to.
I've also had a 94 325is, 95 M3, 97 540, 01 330xi. I don't recall any out of warranty repair costs on those except for a final stage resister on the 330. For that matter, I think the only warranty repair was for a thermostat on the 330. I don't recall having to take the others in for anything other than maintenance.
I pay $115 a month for 300 / 500, collision, and $1000 deductible.
I drive roughly 1k miles a month. Feels bad adding them but they're joyful miles no two ways about it.