Not always a winner - Saab 9-5 Bulletin Board - Saabnet.com
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Not always a winner
Posted by Dave B. (more from Dave B.) on Tue, 14 Nov 2006 03:16:19
In Reply to: after market warranty, Fritz, Mon, 13 Nov 2006 15:49:10
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Remember that the the company selling the warranty has a lot more data on repairs and their costs than we do, which is how they both set the premium price and make their profit. And make no mistake about it, they either make money or go out of business.
I don't know how many 99 9-5s (or any other model) are out there, and I don't know how many needed expensive repairs, but I do know that the subset of folks on this forum is small by comparison.
After buying 2 such warranties many years ago, I decided to be my own warranty company and have not bought one since - and while there have been expenses, overall I am ahead of the game. The one that made me a bit nervous was for my motorcycle, so instead of buying the insurance policy, I bought some Harley-Davidson stock in the same amount as the warranty would have cost.
The motorcycle never needed any repairs that would have been covered by the warranty, and the stock paid a dividend and increased in value. Win-win for me.
Of course, YMMV, but I agree with all those others who think that these things are a bad idea in most situations.
DB
posted by 76.179.14...
Posts in this Thread:
- after market warranty, Fritz, Mon, 13 Nov 2006 15:49:10
- Not always a winner, Dave B., Tue, 14 Nov 2006 03:16:19 <-- Viewing This Message
- get one, steve, Mon, 13 Nov 2006 18:59:32
- Re: after market warranty, Kuro, Mon, 13 Nov 2006 17:43:29
- Re: after market warranty, Fritz, Thu, 16 Nov 2006 18:19:11
- Re: after market warranty, Kuro, Tue, 14 Nov 2006 07:21:08
- Re: after market warranty, Steve, Mon, 13 Nov 2006 21:54:57
- Re: after market warranty, MCal, Mon, 13 Nov 2006 20:53:19
- Yes (nm), Kuro, Mon, 13 Nov 2006 21:03:49
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