Are Extended Warranties Worth It?
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    Are Extended Warranties Worth It?

    We've all been there. No sooner do you agree to buy an item, than the salesperson immediately tries to get you to purchase an extended warrantee, as well.

    Digital Cameras - Flat-Screen TVs - Vacuum Cleaners - Washers/Dryers - Laptops/computers - Lifetime Warranties - Credit Cards' Protection - Other Long-term Warranties...

    Any success stories?



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    Re: Are Extended Warranties Worth It?

    sometimes



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    Re: Are Extended Warranties Worth It?

    I am a salesman at Lowe's and usually yes they are worth it. I sell alot of tools and countless times people bring them back in because they either have broken down on them or "it didnt work the way they wanted it to" which is their excuse for using it for what they needed it for and returning it. I always ask if they would like the extended warranty because it is a very good deal. At Lowe's they not only have the manufacturer's warranty but Lowe's protects it after the manufacturers has expired. In the end it is nice because by the time the tool has started going bad, the warranty you purchased is starting to kick in and your "protected"




    I WAS THERE!!!!!!

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    Re: Are Extended Warranties Worth It?

    I usually never get the extended warranty.


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    Re: Are Extended Warranties Worth It?

    Quote Originally Posted by Psyclone Brian View Post
    We've all been there. No sooner do you agree to buy an item, than the salesperson immediately tries to get you to purchase an extended warrantee, as well.

    Digital Cameras - Flat-Screen TVs - Vacuum Cleaners - Washers/Dryers - Laptops/computers - Lifetime Warranties - Credit Cards' Protection - Other Long-term Warranties...

    Any success stories?
    Businesses wouldn't offer them if they didn't make money off them. In most cases, you are better off passing on the extended warranty.



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    Re: Are Extended Warranties Worth It?

    Very rarely are they worth it.


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    Re: Are Extended Warranties Worth It?

    Almost never are they worth it.

    The vast majority of time, if an item fails it will be under the manufacturer's warranty. If it doesn't fail during that time, it probably won't (at least until it would be out of an extended warranty period as well).

    I can't think of anything that I would purchase an extended warranty on. You're just throwing your money away. I feel the same way about cell phone insurance as well.


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    Re: Are Extended Warranties Worth It?

    Have only purchased extended warranties on stuff the kids abuse, like phones, ipods, etc. Otherwise, I am a believer that if it breaks before I think it should, I complain to the company and/or better business bureau and never buy a product that is manufactured by this company again.


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    Re: Are Extended Warranties Worth It?

    Quote Originally Posted by jumbopackage View Post
    Almost never are they worth it.

    The vast majority of time, if an item fails it will be under the manufacturer's warranty. If it doesn't fail during that time, it probably won't (at least until it would be out of an extended warranty period as well).

    I can't think of anything that I would purchase an extended warranty on. You're just throwing your money away. I feel the same way about cell phone insurance as well.
    While I agree with the extended warranty, I personally disagree about the cell phone insurance. I'm a huge klutz, and have had to use my cell insurance three different times. None of them were covered by the manufacturer's warranty, and all of them were several months out from being eligible for the "every 2" upgrade. I'd much rather spend the $3/month and a $50 co-pay than to spend $500 on a replacement phone. That's what works for me, though.


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    Re: Are Extended Warranties Worth It?

    Buy with a Visa and you usually get an additional year beyond the manufacture's warranty. I always pass on paying for an extended warranty for all the same reasons mentioned.



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    Re: Are Extended Warranties Worth It?

    From my experience, computers- yes, cell phones possibly, and cars iffy. The rest probably not.



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    Re: Are Extended Warranties Worth It?

    I bought the extended warranty once, for a computer I bought from Best Buy. Just before the warranty expired, my CPU fan died and my CPU and motherboard fried. Got them both replaced for free.

    I've never bought an extended warranty otherwise, and have never needed one.



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    Re: Are Extended Warranties Worth It?

    Quote Originally Posted by Psyclone Brian View Post
    We've all been there. No sooner do you agree to buy an item, than the salesperson immediately tries to get you to purchase an extended warrantee, as well.

    Digital Cameras - Flat-Screen TVs - Vacuum Cleaners - Washers/Dryers - Laptops/computers - Lifetime Warranties - Credit Cards' Protection - Other Long-term Warranties...

    Any success stories?
    No. Buy with your American Express card and it extends the warranty of the product you purchase up to one year. Great value. Extended warranties are a profit center for business.

    https://www212.americanexpress.com/d...aq&type=intfaq


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    Re: Are Extended Warranties Worth It?

    Quote Originally Posted by Angie View Post
    While I agree with the extended warranty, I personally disagree about the cell phone insurance. I'm a huge klutz, and have had to use my cell insurance three different times. None of them were covered by the manufacturer's warranty, and all of them were several months out from being eligible for the "every 2" upgrade. I'd much rather spend the $3/month and a $50 co-pay than to spend $500 on a replacement phone. That's what works for me, though.
    Depends on the phone, I guess. Most smartphones these days have a 100 dollar deductible. And even then, there are some things that insurance companies won't even pay for.

    I've replaced at least a half dozen mostly expensive phones and only had to pay once (75 bucks). Even when you do have to pay, you can generally get a refurb phone for way less than list, or go shopping on craigslist/ebay for a used one that some technogeek is dumping to buy the latest phone.

    It might help that I'm on Sprint (premier) and can get a new phone every year, but I've just never seen the value proposition in it. I guess I've never had to fork out list price for a new one, so that might temper my enthusiasm.


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    This was just on one of those morning shows

    this morning. Some expert basically said they are not worth it unless you are the type to your abuse your stuff. Laptops are an exception since they have a high rate of problems in the first 3 years.



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