Re: [VFB] NON-FF

[Peggy Brenner]

A little late, I just finished up 2 years of temping, and 4 of those jobs 
were at a local large used car lot in accounting.  This is why they LOVE to 
sell warranties, the commission was higher than on some of the cars.  It 
was around 40% and the split with the dealer of this and the excess points 
of interest on the loans, you know the ones where you have 1 late payment 
in a life time, so don't qualify for the special rate of the day deal, was 
in many cases higher than the $$ earned on the car.

One has to remember that most of  these extended warranties are insurance 
policies, and these and long term care have some very high commission rates.

Back to my tying room

Peggy B

At 07:15 PM 10/22/2003 -0400, you wrote:
That's a pretty good racket to get into,
sell warranties on used vehicles and then yell "normal wear & tear," whenever
the owner files a claim!  I'd have to advise you against it based on my
experience.  I'd love to hear from anyone who's had a decent experience 
with this,
but I think the chances of that are slim and none!