Just like Vegas...the odds are in the "House's" favor - Saab NG900 & OG9-3 Bulletin Board - Saabnet.com
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Just like Vegas...the odds are in the "House's" favor
Posted by xq [Email] (more from xq) on Tue, 6 Feb 2001 16:21:04
In Reply to: WarrantyByNet - Anyone Have It?, Jayne900SE, Tue, 6 Feb 2001 12:14:03
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...just my opinion on extended warranties. Trust me, businesses that offer them are trying to turn a profit, and they know the odds (and relative costs) of your car needing repairs. Armed with this data, they charge a price that on average is going to make money for them- meaning that you are more likely to NOT have as much work needed as what you originally paid. Sure, there might be a scenario where you pay a couple thousand for a warranty, and end up needing a 4 thousand dollar repair, but this will be the exception rather than the rule. I would take the money and invest in a decent mutual fund or something. The reward will be greater.
Posts in this Thread:
- WarrantyByNet - Anyone Have It?, Jayne900SE, Tue, 6 Feb 2001 12:14:03
- Re: WarrantyByNet - Anyone Have It? -YES, Kristofer, Tue, 27 Feb 2001 00:09:49
- Re: WarrantyByNet - Anyone Have It?, john, Thu, 8 Feb 2001 14:52:16
- Just like Vegas...the odds are in the "House's" favor, xq, Tue, 6 Feb 2001 16:21:04 <-- Viewing This Message
- Extended Warranty is a gamble......, Dave Westlake, Tue, 6 Feb 2001 14:07:17
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