Originally Posted by lesz

I know that there are many people who say that buying these add-on plans gives them "peace of mind". And having piece of mind is certainly fine, but it should be understood that getting peace of mind by buying these plans comes at a very high cost.

Originally Posted by Maikerusan

Peace of mind for me generally means money staying in my wallet rather than contributing to the F&I department's income.

Originally Posted by lesz

I had a working agreement with the sales managers of local dealers who sold virtually any make of vehicle. They agreed to sell my customers vehicles for $100 over their true cost (not invoice). I would then charge the customer a $100 fee, and the customer would end up buying the vehicle for $200 over the true cost of that vehicle. It was an arrangement that benefited both the customer and the sales manager. The customer was able to buy a vehicle at a good price without having to deal with haggling for that price or spending lots of time, and the sales manager was able to sell that vehicle by spending a minimum amount of time and without having to pay a salesperson a commission. I also had agreements that allowed me to sell my customers typical dealer add ons, such as extended warranties, and I typically sold them to my customers (if they really wanted them) for $25 over my cost, which was only a fraction of what the dealers normally would have charged.

Originally Posted by FastTags

I help people sometimes to buy cars for a few hundred bucks depends on the case, but I dont have any agreement with any dealer, i would think its not in their interest to sell the car $100 over the true cost. Even if I brought the customer. Why would they do that? They could do this all day long to their customers, unless you a friendly with the GM.....