Thread: Extended warranties
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Old 01-06-2009, 03:39 PM   #17 (permalink)
Randy Chase
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Quote:
Originally Posted by cemaykan View Post
>>They are betting you will cost them less than you pay them.

I am sorry but I don't agree, thats how your auto insurance works as-well. Yes in average you cost less to them, but you might be the unlucky one, hit the jackpot and require a new transmission for instance.
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I think you are still agreeing. They work on averages. That was my point.

And I said, if for some reason, you buck the averages, then it might be a good deal for you. But my point is still 100% valid. This is how they make money. Just like a casino. You can tell me how you went into Vegas and walked away with money, but I am saying the casinos bank that on average, they take in more than they pay out. It is just math.
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