is an extended television warranty worth it?

Question

I recently purchased a televsion from circut city. The sales representative told me that I needed to purchase a 5 year extended warranty because the television may malfunction in 5 years. Now, I worked for a former electronics shop (Radio Shack, and now I do legal services), and I remember we use to sell those extended plans for extra money in our pockets. I didnt think back then it was needed, and I dont think now it is needed. But the way technology is today, would it be neded for a flat panel LCD Television?

Answer 1

Oh, gee. Don't do it. I've had terrible dealings with Circuit City in the past. That extended warranty may sound like a great idea now, but unless you can get someone to honor it, it's pretty much useless. Circuit City doesn't do any kind of service work of their own. They sell warranties and then when something goes wrong, they'll just either send the product in for repair (takes forever), or beat around the bush until it's expired. I bought an HP desktop computer from them a while back and it was a nightmare when I had harddrive problems in the first year. They sent it in, which took months, and when I got it back it had the same problems. They offered to send it back again, but by then the warranty was expired and I certainly didn't want to sink any more money into that thing. So, I'd say no to the extended warranty.

Answer 2

I bought a television many years ago without a 5 year extended warranty and bought the same television with a warranty for my parents.

After 4 years my TV broke down, so I phoned the company using my parents warranty. they sent an engineer out and took my tele away to be fixed. After a month of not hearing anything I phoned the TV company, and they said they were in dispute with the engineering company and would I except a full refund of £700, and I said yes with a big grin on my face.

A week later I got my Tele back from the engineers fully repaired, a week after that I received a cheque for £700 from the TV company, and wait for it, a month after that I received another cheque for £700 from the insurance company that covered the warranty.

That was 10 years ago. I had just been made redundant and it was a month before christmas.

This is my experience of a 5 year warranty.

Answer 3

NO!!! Extended warranties are a scam. They are not needed. Electronic stores force their sales people to push these warranties because they are pure profit. The ONLY thing I would pay for a warranty on would be a laptop computer, and then only if you travel a lot. They even offer extended warranties on cheap things, where the warranty costs almost as much as the item itself.

TV's do not fail that quickly. The manufacturer's warranty will cover you during the time it is most likely to fail!

Answer 4

Extended warranties are usually a scam, playing on buyers fears.
I buy my stuff via Visa and they double the existing warranty up to one year. If things go bad within that period, I get it fixed and sell it and replace it with new.
Also, electronic equipment, I will leave turned on and use heavily, in the first 3 months. If it survives that, it is very unlikely to go bad in the short term. Sort of a burning in period, which some manufacturers put all new equipment through.
BTW, if I were to buy a big HDTV TV now, I would only consider a DLP type. VASTLY superior to either LCD or Plasma.

Answer 5

there are countless factors to guage at the same time as finding out to purchase a protracted assure at the starting up it very a lot relies upon on how a lot you spent on your liquid crystal show contained in the first position. in case you spend nicely over 800 kilos then that's nicely worth it. however, in case you spend between four hundred or 500 hundred then no way. As you would possibly want to probable purchase a sparkling one for little better than the cost of a warranty. different factors to think about more competitively priced liquid crystal show television's pixels look to decline swifter however, the existence of an liquid crystal show television at cutting-edge is purely assume to be 7-8 years. And as new technologies is convalescing and manufacturers are already designing slimmer CRT television which delivers a a lot clearer image besides finding out to purchase an exteneded assure perchance throwing solid money after undesirable. ARGOS are providing a protracted assure coated contained in the acquisition cost of a few of their liquid crystal show's so this can be nicely worth looking into earlier finding out or have you ever already offered a sparkling television? i lately offered a sparkling liquid crystal show with a manufacturers I 12 months assure and a 2 12 months prolonged assure coated contained in the cost. There some solid deals and it is going to pay to purchase round first earlier finding out.. playstation i'd not purchase a protracted assure for laundry machines etc...an complete conn.

Answer 6

Depends on the TV.
On anything under 400$, no I wouldn't.
On anything over 500$, yes, I would.
I bought a 3000$ Rear projection, and got the 5 year warranty. 1 year in, the bulb went out, which would have cost 250$ the same I spent on the warranty. I still have 4 years on the warranty, and it's already paid for it's self.

Answer 7

I took a 5 year extended warranty when I bought my plasma, because a couple of months before I got it, I saw on TV a guy had his plasma panel develop a major fault in it only one month after its 1 year manufacturers warranty.finished. (It was an LG plasma and LG did repair it for him free of charge after it was shown on television)

Answer 8

Not in my opinion - its just a way of the company making extra money. The tv will outdate itself quickly anyways - just go with the manufac. warranty.

Answer 9

Nothing has changed. It is still a way for the salesman to meke a little extra.

Answer 10

Depends on the maker. Look it up on consumer reports.