Extended warranty experiences
Hi, I'm wondering if anyone else has had the same experience as I have with regard to extended warranty and roadside assistance. Here's my story... I purchased my TC at a well known, very la...
Forum Discussion
valhalla360 wrote:RetiredRealtorRick wrote:
So you don't think auto & health insurance are profit-driven industries??? LMAO!
It's the difference between getting a mortgage from a bank and going to a loan shark...
Both are intending to make a profit.
One is abusive and uncontrolled...but as a salesman, they are great.
OK, let's compare it to getting a mortgage from a bank. Sure, SOME of the aspects of mortgage lending are strictly controlled, but others are not. As a Realtor, in the not-too-distant past I have helped buyers negotiate things like 'origination' fees, and it made a big difference in their out-of-pocket expenses. Even a 1% negotiated drop in an origination fee on a $500,000 oceanfront condo adds up to $5000. That's $5000 that they would have paid unnecessarily. Much the same concept as a a markup on an extended service contract, right? Only difference would be that the buyer at least stands a chance of an extended service contract paying off for him -- but paying it out in an excessive origination fee on a mortgage . . . not so much.
