I forgot about all the shmoes who never file a claim... On Thu, Jun 16, 2022 at 3:36 PM Donald Snook via Mercedes < mercedes@okiebenz.com> wrote:
> 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 > > _______________________________________ 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
