Quote:
Originally Posted by Tcoat
But that is just it they are a business so they want to make all the profit they can just like any other business. Should their business plan be to just break even? People say the same things about car dealership and seem to think that for some reason they should just give everything away. I don't know where you work but I know that everyplace I ever have all wanted to make as much profit as possible.
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yeah true, it's just that I have a feeling the numbers are higher than they need be. I mean I believe it was tirerack that gave free road hazard insurance on any tires you purchase from them. So they make their profit off selling the tires and don't need to resort to making money off natural hazards.
This is a philosophical topic and it will go way off topic but for me personally (and I might as well be wrong about this) I feel it is wrong to profit from other people's misfortune. Car accidents are a misfortune and it should be seen as an opportunity to make money. Same goes for medicine. There is something morally wrong to try and turn a fat profit from a human dying from a disease and has no other option but to pay up the asking price. Buying a car from a dealer or a phone from an electronics shop is a different matter. You buy it by choice and not necessarily need. But anyway, this is a very long topic...
I did a rough estimate for the cost of my car's ownership for say around 8 years not including gas or car insurance. It rounds up to around 200$/month. This is a rough estimate and I might be off by say 100$/month but it does generally give an idea of how expensive insurance can be relative to a car's worth. Maybe I should get a more expensive car to offset this lose.