Paul Clancy wrote:
fj12ryder wrote:
NWKomfort350 wrote:
Why is everyone anti extended warranty?
When I bought a Honda Accord new, I got one. I never needed it so I got my money back. Every dollar.
I got one for my Keystone Cougar. Again, I have not needed it. It will be gone next week, so I no longer need it.
I was at my dealer yesterday to sign papers to get my warranty money back.
If I needed it, perfect it would of helped. I didn't, and it cost me very little.
I will likely do it again in the future.
Well, if I could buy a warranty that gave me my money back if I didn't use it, I would think that is great too. Unfortunately I've never come across one of those ilk. Only ones I've ever seen don't work that way. That's a new one on me.
Ya I can't imagine the fine print that comes with that one. So if it is real how does the warranty company turn a profit?
It would be impossible to turn a profit. I'd say half the warranty purchase price is paid out in commissions immediately. So if they returned even half of it at the end, there would be no profit ever in any contract. Forget about having a profit to pay for those who use more than the warranty and administrative costs. His concept doesn't add up.
