My overrev experience.
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From: Okoboji
[QUOTE]Originally posted by Road Rage
I have a few comments:
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the $3000 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
I have a few comments:
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the $3000 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
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From: houston
[QUOTE]Originally posted by Road Rage
I have a few comments:
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the $3000 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
I have a few comments:
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the $3000 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
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From: Temple City
Originally Posted by Road Rage,May 16 2004, 03:55 PM
I have a few comments:
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the 00 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
2) So does the dealer. They treated you very, very well, but the money will come out of other things, perhaps like denying more valid warranty claims. "Oh, I see you have a K&N - that indicates racing - so we will not cover your broken CD player". Uh-huh. There are many "denial of service" posts on this Forum for claims that sounded much more ligitimate and fair than yours.
3) Insurance should cover this? Puh-leez - can you imagine where this would ever end? People could argue that failing to maintain oil level "could happen to anyone" - new engine please. "I was trying to avoid a dog and forgot what gear I was in" - new engine please. Many people have absolutely no ethics about this sort of thing - I could see them at mile 35,998 downshifting from 5th in 2nd to get a new engine. It is the reason Circuit City had to give up "no questions asked" returns on big TV's - people would buy them for the Super Bowl, then demand refunds. And there is a class-action against Sears, who made people sign "return waivers" on power generators before the Millenium scare blew over - people had no issue at all expecting Sears to bear the cost of their wanting electrical power "convenience" for free. It kills me. If you want a rider for that, have at it - but keep me out of it - I want no part of it.
I am not trying to be cold, but this constant reduction in personal accountability is getting out of hand. The idea that money is sitting aroud waiting to be dispersed, and that no one else is harmed when personal liability is waived is simply not true - and the social welfare suystems of Europe and Scandinavia are laboring under that fact. You would not like to live in sweden, where the marguinal income tax rates for succesful people are over 90%, and the cost of a speeding ticket is indexed on your ability to pay.
*Did you know that people living in, say, Nebraska help pay for those multi-million dollar homes routinely wasted by hurricanes in Florida? It is true. After Hurricane Andrew, there was a lot of stir because some people were on their 3rd house, each time they got more money, and built a bigger house. Turns out that hi-risk areas are amortized across the country to keep rates "reasonable". Well, how do you feel about that? Should you and I have to amortize a millionarie's homeowner's insurance in Boca Raton or Duck, NC, when someone builds a house ina dangerous location?
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the 00 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
2) So does the dealer. They treated you very, very well, but the money will come out of other things, perhaps like denying more valid warranty claims. "Oh, I see you have a K&N - that indicates racing - so we will not cover your broken CD player". Uh-huh. There are many "denial of service" posts on this Forum for claims that sounded much more ligitimate and fair than yours.
3) Insurance should cover this? Puh-leez - can you imagine where this would ever end? People could argue that failing to maintain oil level "could happen to anyone" - new engine please. "I was trying to avoid a dog and forgot what gear I was in" - new engine please. Many people have absolutely no ethics about this sort of thing - I could see them at mile 35,998 downshifting from 5th in 2nd to get a new engine. It is the reason Circuit City had to give up "no questions asked" returns on big TV's - people would buy them for the Super Bowl, then demand refunds. And there is a class-action against Sears, who made people sign "return waivers" on power generators before the Millenium scare blew over - people had no issue at all expecting Sears to bear the cost of their wanting electrical power "convenience" for free. It kills me. If you want a rider for that, have at it - but keep me out of it - I want no part of it.
I am not trying to be cold, but this constant reduction in personal accountability is getting out of hand. The idea that money is sitting aroud waiting to be dispersed, and that no one else is harmed when personal liability is waived is simply not true - and the social welfare suystems of Europe and Scandinavia are laboring under that fact. You would not like to live in sweden, where the marguinal income tax rates for succesful people are over 90%, and the cost of a speeding ticket is indexed on your ability to pay.
*Did you know that people living in, say, Nebraska help pay for those multi-million dollar homes routinely wasted by hurricanes in Florida? It is true. After Hurricane Andrew, there was a lot of stir because some people were on their 3rd house, each time they got more money, and built a bigger house. Turns out that hi-risk areas are amortized across the country to keep rates "reasonable". Well, how do you feel about that? Should you and I have to amortize a millionarie's homeowner's insurance in Boca Raton or Duck, NC, when someone builds a house ina dangerous location?
Who told you this? "Out costs of warranty"? We dont' PAY for warranty costs, the Company pays for warranty costs. All warranty expenses for any company works the same: An allowance is set up for expected warranty claims. The expenses for warranty costs are incurred when the car is sold. When it comes time to paying for the warranty, the allowance is offset.
If a Company cannot afford to pay their warranty claims, then they need to change their warranty policy. It is not amortized to anyone. If a Company raises the price on their product, then they are just trying to increase profits. If they raise their prices too high, then either a premium is paid by the customer or the customer buys from the competition.
Warranty policies are designed to signal a high quality product and is an expense of the Company, not of the consumer. Flip open any company's financial statements and you can see how warranty expenses are accounted for. No one is paying for anyone's warranty claim except for the Company.
Insurance claims and warranty claims are inherently DIFFERENT and is not a good analogy nor a good example for this case, in the context of cost recovery.
By the way, open up an accounting book and find out what amortization really means.
I understand your concern over people paying for other people insurance costs, and I feel the same way. However, insurance and warranty are not the same.
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From: limerick
Originally Posted by jyeung528,Oct 10 2004, 06:57 PM
AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the 00 Honda paid is amortized across the rest of us.
Who told you this? "Out costs of warranty"? We dont' PAY for warranty costs, the Company pays for warranty costs. All warranty expenses for any company works the same: An allowance is set up for expected warranty claims. The expenses for warranty costs are incurred when the car is sold. When it comes time to paying for the warranty, the allowance is offset.
If a Company cannot afford to pay their warranty claims, then they need to change their warranty policy. It is not amortized to anyone. If a Company raises the price on their product, then they are just trying to increase profits. If they raise their prices too high, then either a premium is paid by the customer or the customer buys from the competition.
Warranty policies are designed to signal a high quality product and is an expense of the Company, not of the consumer. Flip open any company's financial statements and you can see how warranty expenses are accounted for. No one is paying for anyone's warranty claim except for the Company.
Insurance claims and warranty claims are inherently DIFFERENT and is not a good analogy nor a good example for this case, in the context of cost recovery.
By the way, open up an accounting book and find out what amortization really means.
I understand your concern over people paying for other people insurance costs, and I feel the same way. However, insurance and warranty are not the same.
Who told you this? "Out costs of warranty"? We dont' PAY for warranty costs, the Company pays for warranty costs. All warranty expenses for any company works the same: An allowance is set up for expected warranty claims. The expenses for warranty costs are incurred when the car is sold. When it comes time to paying for the warranty, the allowance is offset.
If a Company cannot afford to pay their warranty claims, then they need to change their warranty policy. It is not amortized to anyone. If a Company raises the price on their product, then they are just trying to increase profits. If they raise their prices too high, then either a premium is paid by the customer or the customer buys from the competition.
Warranty policies are designed to signal a high quality product and is an expense of the Company, not of the consumer. Flip open any company's financial statements and you can see how warranty expenses are accounted for. No one is paying for anyone's warranty claim except for the Company.
Insurance claims and warranty claims are inherently DIFFERENT and is not a good analogy nor a good example for this case, in the context of cost recovery.
By the way, open up an accounting book and find out what amortization really means.
I understand your concern over people paying for other people insurance costs, and I feel the same way. However, insurance and warranty are not the same.
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From: THEST1G
Originally Posted by Road Rage,May 16 2004, 06:55 PM
I have a few comments:
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the 00 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
2) So does the dealer. They treated you very, very well, but the money will come out of other things, perhaps like denying more valid warranty claims. "Oh, I see you have a K&N - that indicates racing - so we will not cover your broken CD player". Uh-huh. There are many "denial of service" posts on this Forum for claims that sounded much more ligitimate and fair than yours.
3) Insurance should cover this? Puh-leez - can you imagine where this would ever end? People could argue that failing to maintain oil level "could happen to anyone" - new engine please. "I was trying to avoid a dog and forgot what gear I was in" - new engine please. Many people have absolutely no ethics about this sort of thing - I could see them at mile 35,998 downshifting from 5th in 2nd to get a new engine. It is the reason Circuit City had to give up "no questions asked" returns on big TV's - people would buy them for the Super Bowl, then demand refunds. And there is a class-action against Sears, who made people sign "return waivers" on power generators before the Millenium scare blew over - people had no issue at all expecting Sears to bear the cost of their wanting electrical power "convenience" for free. It kills me. If you want a rider for that, have at it - but keep me out of it - I want no part of it.
I am not trying to be cold, but this constant reduction in personal accountability is getting out of hand. The idea that money is sitting aroud waiting to be dispersed, and that no one else is harmed when personal liability is waived is simply not true - and the social welfare suystems of Europe and Scandinavia are laboring under that fact. You would not like to live in sweden, where the marguinal income tax rates for succesful people are over 90%, and the cost of a speeding ticket is indexed on your ability to pay.
*Did you know that people living in, say, Nebraska help pay for those multi-million dollar homes routinely wasted by hurricanes in Florida? It is true. After Hurricane Andrew, there was a lot of stir because some people were on their 3rd house, each time they got more money, and built a bigger house. Turns out that hi-risk areas are amortized across the country to keep rates "reasonable". Well, how do you feel about that? Should you and I have to amortize a millionarie's homeowner's insurance in Boca Raton or Duck, NC, when someone builds a house ina dangerous location?
1) Nothing is free. AHM rolls these kind of "complimentary deals" into our costs for warranty, driving up everyone's costs for individual mistakes.* I do not expect that, and do not expect to have to pay it. So the 00 Honda paid is amortized across the rest of us. You are welcome. Personally, had it been me, I would have expected nothing, and asked for nothing. The newness of the car, your financial wherewithal, etc. are no one's concern but the owner/operator.
2) So does the dealer. They treated you very, very well, but the money will come out of other things, perhaps like denying more valid warranty claims. "Oh, I see you have a K&N - that indicates racing - so we will not cover your broken CD player". Uh-huh. There are many "denial of service" posts on this Forum for claims that sounded much more ligitimate and fair than yours.
3) Insurance should cover this? Puh-leez - can you imagine where this would ever end? People could argue that failing to maintain oil level "could happen to anyone" - new engine please. "I was trying to avoid a dog and forgot what gear I was in" - new engine please. Many people have absolutely no ethics about this sort of thing - I could see them at mile 35,998 downshifting from 5th in 2nd to get a new engine. It is the reason Circuit City had to give up "no questions asked" returns on big TV's - people would buy them for the Super Bowl, then demand refunds. And there is a class-action against Sears, who made people sign "return waivers" on power generators before the Millenium scare blew over - people had no issue at all expecting Sears to bear the cost of their wanting electrical power "convenience" for free. It kills me. If you want a rider for that, have at it - but keep me out of it - I want no part of it.
I am not trying to be cold, but this constant reduction in personal accountability is getting out of hand. The idea that money is sitting aroud waiting to be dispersed, and that no one else is harmed when personal liability is waived is simply not true - and the social welfare suystems of Europe and Scandinavia are laboring under that fact. You would not like to live in sweden, where the marguinal income tax rates for succesful people are over 90%, and the cost of a speeding ticket is indexed on your ability to pay.
*Did you know that people living in, say, Nebraska help pay for those multi-million dollar homes routinely wasted by hurricanes in Florida? It is true. After Hurricane Andrew, there was a lot of stir because some people were on their 3rd house, each time they got more money, and built a bigger house. Turns out that hi-risk areas are amortized across the country to keep rates "reasonable". Well, how do you feel about that? Should you and I have to amortize a millionarie's homeowner's insurance in Boca Raton or Duck, NC, when someone builds a house ina dangerous location?
hay o!
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From: Temple City
Originally Posted by exceltoexcel,Oct 10 2004, 04:08 PM
That's his point you make a warranty claim and they up the cost of the warranty. That moneyhs has to come from somewhere so because this guy drove his car poorly the next s2000 buyer is out some $$ but I think this guy was given a good deal and I don't mind paying a few extrra $$ for that.
A COMPANY PAYS FOR THE COST OF WARRANTY.
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From: limerick
Dude we're talking extended warranty! You know the one I got for <$900 for 100,000 miles instead of the nearly $2000 the dealership was initially asking. We're not talking about the one that comes with the car 3yrs 36,000 miles you don't pay for that one those of us who buy the extended do as well as everyone whom buys the car. Think if every s2000 got a new engine because we all overreved then honda would have to raise the price of the car by a good $8,000 or so to make up for there loss. Boy they would learn how to make that engine quickly and efficently. Heck they probably would just start putting it in everything they make.
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From: Columbia, MD
For everyone saying "You don't pay for a warranty", you need to seriously rethink where money goes.
When you make a warranty claim, you pay no money, true. But the rest of us DO! In the form of more expensive cars the next time around, higher fees for service, etc.
I'm so sick of people keeping their head in the sand (or maybe someplace else), thinking if they're not paying for it right now or there are no direct fees associated with it, no one ever pays. I'm not sure if that's ignorance or self-importance, but either way, it effects me in the long run.
When you make a warranty claim, you pay no money, true. But the rest of us DO! In the form of more expensive cars the next time around, higher fees for service, etc.
I'm so sick of people keeping their head in the sand (or maybe someplace else), thinking if they're not paying for it right now or there are no direct fees associated with it, no one ever pays. I'm not sure if that's ignorance or self-importance, but either way, it effects me in the long run.
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From: Temple City
Originally Posted by exceltoexcel,Oct 11 2004, 04:52 AM
Dude we're talking extended warranty! You know the one I got for <$900 for 100,000 miles instead of the nearly $2000 the dealership was initially asking. We're not talking about the one that comes with the car 3yrs 36,000 miles you don't pay for that one those of us who buy the extended do as well as everyone whom buys the car. Think if every s2000 got a new engine because we all overreved then honda would have to raise the price of the car by a good $8,000 or so to make up for there loss. Boy they would learn how to make that engine quickly and efficently. Heck they probably would just start putting it in everything they make.