What dealer profit margin on warranties does the speaker claim?

Neel DhingraLeader - Forward Academy.

The SCAM they don’t want you to know about. #shorts

2 May 2021

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A short YouTube clip arguing that product warranties (car/electronics) are effectively scams sold by dealers. The speaker claims warranties have heavy fine print, may be irrelevant by the time they would be needed, and asserts dealers earn very high margins ("almost 95%"), concluding with a direct recommendation to refuse such offers.

Questions this video answers

Almost 95%.

Here's the biggest scam that almost everybody is falling for. You ever buy a car or a piece of electronics and they offer you a warranty? Sounds like a good deal, right? Wrong. Here's why these warranties have so much fine print. It's ridiculous. Plus, you may not even own the product by the time the warranty could come in use for you. Dealers love these things because the profit margin on them is almost 95%, meaning that nobody ever uses them and they get to just keep all your money. So whenever you're offered one of these, just say no.