Yep. The administrator works for an insurance company. In this case, the BMW made money selling it and the Lexus dealer made money getting the work. I will never feel bad for an insurance company. Some actuary has run the numbers and on some they might lose and most others they make some.
Donald H. Snook > On Jun 16, 2022, at 2:13 PM, dan penoff.com <d...@penoff.com> wrote: > > Warranties are sold and serviced by third parties, not the dealerships. > They’re just one more “add on” that they purchase through a third party. > > The dealer has no exposure. If anything, they profit from the warranty work, > as they get paid for doing it. > > -D > >> On Jun 16, 2022, at 11:58 AM, Andrew Strasfogel via Mercedes >> <mercedes@okiebenz.com> wrote: >> >> Great story, although I predict that dealer will be out of business by the >> end of the year. >> >>> On Thu, Jun 16, 2022 at 2:53 PM Donald Snook via Mercedes < >>> mercedes@okiebenz.com> wrote: >>> >>> I imagine most people on here wouldn’t buy an extended warranty. And I >>> have never bought one before. But, back in September I decided I needed an >>> SUV. We went on a family vacation and taking the dog, kids, stuff, etc we >>> didn’t have much room in my car. >>> >>> I bought a 2014 Lexus GX 460. It’s not the biggest SUV, but it is still >>> full size and three rows. I bought it with only 39,000 miles from the >>> local BMW dealer. They offered to sell me an extended warranty and I >>> immediately said no. Then, I wondered what crazy number they were going to >>> quote me. They said $2000 for 4 years and 48,000 miles — on top of the >>> miles it already had. I started thinking with an 8 year old vehicle things >>> like an alternator or a starter or power window motors are going to fail. >>> None of those are outrageous, but a few repairs here and there and it’s not >>> hard to get to $2000. This is the zero deductible top of the line coverage. >>> >>> I got an oil change last week and they called me and said the timing cover >>> is leaking oil and said $3000 to fix. BUT, I had the warranty. They >>> covered it. I watched the video on how to do it. ALL the stuff in front has >>> to come off. It’s a huge job. >>> >>> I picked up my car at lunch and it’s all done and it cost me nothing. I >>> only mention this because it is so rare that a car extended warranty (other >>> than CPO) actually works out. >>> >>> Donald H. Snook >>> >>> >>> _______________________________________ >>> http://www.okiebenz.com >>> >>> To search list archives http://www.okiebenz.com/archive/ >>> >>> To Unsubscribe or change delivery options go to: >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >>> >>> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
