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Sickening Price Gouging, page-25

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The-Head

17,923 Posts.

11/02/24

07:27

Post #: 72343986
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Originally posted by madamswer: ↑

“In recent years the RACV has increased the cost of insurance on my 2014 model car from $466 with a $400 Excess in 2016 to $618 with a $700 Excess 12 months ago. That's a 32% increase”

What is it about you neo-Marxist types and your predilection for financial illiteracy?

A 32% increase over 8 years equates to an average annual increase of 3.6% per annum. That’s basically in line with the rate of inflation.

And besides, the RACV is a mutual organisation.

Which means it is owned by its members, i.e. you.

So the extent you are being gouged, well the beneficiaries of that gouging are the owners of RACV; in other words … er … you.

Unwittingly, you have gouged yourself.

And even worse: your being an owner of RACV, means you have effectively reported yourself to the ACCC.

Been a while since I’ve enjoyed a laugh at something as ludicrous as this.

Truly priceless stuff.

Ahahahahaha…

.

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”A 32% increase over 8 years equates to an average annual increase of 3.6% per annum. That’s basically in line with the rate of inflation.”

In your desperation to embarrass another poster you forgot about the excess increase, or you didn’t and you’re being a smartarse.
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