Quote:
Originally Posted by huge-pigeons
What a scam.
I thought I would keep this car longer; and the dealer stated that if I sold the car or never use the extended warranty, they will refund the full cost of the extended warranty. I kept the car for 1 year after the original warranty ended, and never used the extended dealers warranty, so they gave me my money back
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Quote:
Originally Posted by Shipping up to Boston
You should share the dealerships info
With that kind of sales model...he’s probably living in a travel trailer behind the dealership!
Those warranties, again, not the TV ones ....are where most dealerships make their most profits. So your story, if true, is clearly an anomaly
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That story is either leaving out some salient facts, or the Dealer was running a scam with his 3rd Party Warranty Co. Probably not actually putting the warranties on a car and keeping all the cash. If a claim comes in (which is seldom in the 1st year or so), he was then back-dating paperwork and then sending in the premium.
No one sells Insurance and then gives the money back, if you don't get sick or die. Not a sustainable business model.