Hi from RI
Hi All, My name is George and my wife (Pauline), Yorkie (Dewey) and I just bought a new RV and it’s our first motor home. It has been quite a while since camping with our kids well over 20 years ag...
Forum Discussion
DrewE wrote:
No extended service plan / extended warranty is going to be sold that on average pays out more than the buyer pays in; that, after all, would simply put the company selling it into bankruptcy eventually.
Yep.
They don't sell them out of the goodness of their heart.
They sell them to make money - And they can only make money if they take in more in policy sales than they pay out in warranty claims.
Typically, there is a huge profit margin on selling them - Which is why dealers push them so hard.
It's no different than gambling in Vegas: Occasionally, someone beats the odds. Most people don't, because the odds are stacked heavily in the house's favor.
