Buying extended warranties: For suckers or a wise investment?

Question

Your thoughts?

Thanks!

Answer 1

Suckers...

Answer 2

Extended warranties seem like a smart deal when considering a single purchase, but if you look at your overall financial picture they are a bad idea. Most things do not break, and if you simply pay to repair the few things that do break, you will have spent far less money than if you had purchased extended warranties for everything. This, of course, is exactly why manufacturers like you to buy extended warranties.

Answer 3

WIth my luck I am pretty much screwed either way. The stuff I have warranties on never breaks and the stuff I don't have warranties for always tears up! It's true! Case in point, we purchased 2 cell phones recently, and we only got a warranty on one of them (the one which would be used the most), and which one of them broke I ask you? That's right! The one without the warranty!

Answer 4

Oh, man, is this embarrasKing!!! Yeah, I signed for something which boasted a 5 year E.W. Trusting the people, and being happy for the reasonable price, I less-than scanned the fine print, of which there was much. Was I floored 4 years and 11 months later when, I received a note in the mail that I had 30 days to return the item. Or else risk being double charged for the entire 5 years.

Answer 5

pretty much for suckers...every time I've bought an extended warranty and something went wrong it was always something that was in the small print as not covered by the warranty.

Answer 6

Probably suckers ... I never get warranties on anything other than jewelry

Answer 7

wise investments if you're buying a cellphone.....

for suckers if you"re buying a major appliance :)

Answer 8

Ripoff

Answer 9

Highly expensive item with good potential to totally crash, like a flat screen hd tv, yes. Car, probably. Lower end item like microwave etc. no.

Answer 10

For cars and computers its a wise investment, anything else I wouldn't do it