Quote:
Originally Posted by pylon
Factory extensions are well worth the money IMO, 3rd party, they can be a crap shoot, but on certain vehicles they are better than nothing.
It is amazing how the people who are hugely anti-warranty, all of a sudden have revisionist history the second they are on the hook for a $5000 transmission repair.
"Oh, I am sure I bought the warranty."
"Sorry sir, my records indicate you didn't."
"Well I would have bought on if you offered it to me, so now what? You owe me a transmission."
"Actually I did, see this form with your signature on it, that says you declined 'x' warranty at 'x' price, that would have completely covered this repair?"
"Car dealers are crooks! You guys are scammers!"
I have that conversation at least a couple times a year.
Also, those claiming extended warranties are pure, up front profit for the dealer, you couldn't be more wrong. The average industry markup on a factory extension is about $600. Also the amount of people that have the discipline to self insure, is very, very low.
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I should clarify my comment about this being upfront cash. It is upfront cash though because in say 99% of the cases the vehicle you bought has been looked at and is fine for the time being. The warranty is paid for today and then maybe used down the road (or maybe not). Regardless though, the dealer has been paid today.
I do agree with you about the usefulness of these warranties as opposed to say a warranty on some electronics. On the vehicle there are some things covered that seem like wear and tear to me. Like the drive train. Sure, you shouldn't have a problem, but after 75000-100000 kms who knows.