Handled intelligently, extended warranties are very profitable for
sellers unless something goes horribly wrong with a lot of products.
Most people never file a claim so the profit on the piece of paper on
which they printed the agreement is very impressive. I'm the guy they
hate because, if necessary, I make claims that reduce that profit. A
lot of people forget they bought them or misplace the paperwork and
think they're out of luck. Same principle applies to gift cards that
are lost/never get used. Lotsa profit!
In the U.S., car companies/dealers are notorious for treating like
dirt customers who do not buy extended warranties. Don't ask how I
know that . . .
On 3/1/06, Chris Barker <ftog@xxxxxxxxxxxxxxxx> wrote:
> An interesting idea. I could only imagine that happening here if we
> paid a lot more for the privilege.
> ~~ >-)-
> C M I Barker
> Cambridgeshire, Great Britain.
> +44 (0)7092 251126
> On 28 Feb 2006, at 21:50, ScottGee1 wrote:
> > Might be unique to the Big Box stores here in the U.S.?
> > I'm on my second Canon printer. Barely used the first and haven't
> > even opened the second (use commercial labs for my printing now) but
> > know I can take it back for value against another purchase. Warranty
> > itself cost ~US$30 if I recall correctly.
> > They changed it in recent years to limit it to one use, i.e., each
> > time it's used you're forced to rebuy the warranty. In the good old
> > days it was completely covered for the duration of the warranty no
> > matter how many times it had to be fixed/replaced.
> > ScottGee1
> List usage info: http://www.zuikoholic.com
> List nannies: olympusadmin@xxxxxxxxxx
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