Quote:
Originally Posted by RogerR
Before you buy any extended warranty always check with your state insurance board. They can tell you if the warranty company is solvent or having problems. Only costs a phone call and can save you the money.
Also, saw in Good Sam help line that the trailer dealer kept the money, went out of business and no warranty was ever issued.
Don't forget to negotiate if you do buy the warranty. Most of them have up to 50% profit for the selling dealer.
good luck and See you down the road!
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The profit is usually more like 66%. Typically, the salesperson gets 1/3 (commission), the dealership keeps 1/3 (profit) and 1/3 is the cost of the warranty. That's why there are better deals online.
Also, keep in mind that most service centers will not honor any warranty other than the one that they sell (which may change over time). That means that the consumer may end up paying for the repair and have to deal with the warranty company on their own. Sometimes the consumer will only get a fraction of the cost of the repair (if they get anything) and then they have to fight for their $ and wait for the settlement.
This is
one of the reasons that I got out of the automobile industry
. These aftermarket warranty companies drove me up the wall. The consumer seldom wins with these things and they usually take it out on the service manager of the place that performs the repair..........
