I don't know if that post is factual or not but back when I was in retail I
was always amazed it how many of our domestic and foreign vehicle buyers,
that our F&I guys were able to convince to buy the manufactures EXTENDED
We earned an very high percentage of our profit on the sale of a new
vehicles buy selling those extended warranties, even though statistically
less than 2% of them ever paid out more than the cost of the extended
warranty, and the buyers deductibles, after the manufactures warranty had
expired. That makes since when one considers 2% falls in line with the
average failure rate for ALL manufactured products.
If I could get a discount for NOT having a warranty on a new car, like I
could when I was buying used cars, I would opt for no warranty on the new
cars I buy.
The last time I had a warranty claim on any of my new vehicles, and I have
own a lot of new vehicles, was way back in the fifties.
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