Re?: Zurich vehicle service contract?

[laraa at sympatico.ca]

Another advice : don't buy the warranty now. Wait a few months, put a
reminder in your calendar, and ask yourself if this protection is worth it
after the initial urge to protect the investment is gone. Most companies
will accept to cover a car even after the sale.

Last word : take your time.

Louis-Alain, whose spouse is an actuary... She says their own car coverage
division is a real gold mine...



-----Message d'origine-----
De : quattro-bounces at audifans.com [mailto:quattro-bounces at audifans.com] De
la part de Grant Lenahan
Envoyé : 28 décembre 2013 20:07
À : Jason
Cc : TWFAUST at aol.com; AudiFans (Qlist) S4 Qlist
Objet : Re: Re?: Zurich vehicle service contract?

Be careful — most extended warranties on consumer goods are rip-offs, no
doubt.  And most extended motor warranties are a poor investment too.

But, big but.  If you get one from a reputable insurance company, sold by a
dealer that will honor it, there’s real math to do.

Real insurance companies often lose money on underwriting (selling policies
less payouts). They make money investing the float. Read financial reports
if you doubt this.

So back to my a=original advice - calculate typical spend on repairs (not
maint which is rarely covered); then look at what they cover. That’s where
most get you - they cover little or make it vague enough to weasel out
later.

Its fun to tell stories and bash, but if you really need to hedge your risk,
the only answer is to do some reading, then math.

Grant
On Dec 28, 2013, at 7:56 PM, Jason <uberhare at gmail.com> wrote:

> Several of the used car lots I know get a cash kickback on everyone 
> they sell as well!  Some guys make more on the financing kickback and 
> warranty than the actual car itself.
> 
> Jason
> 
> 
> On Sat, Dec 28, 2013 at 5:42 PM, <TWFAUST at aol.com> wrote:
> 
>> 
>> As a many year subscriber to Consumer Reports, I can say that  
>> "extended service contracts" are regarded as "profit centers". Of 
>> course, if you  are the 1 in 10 that actually scores on the contract 
>> you feel pretty good about it. So, the question "Well punk, do you feel
lucky?"
>> 
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