No, I never buy them. From everything I have read, it is a waste of money. We learned our lesson 20 some years ago when we bought an extended warranty (quite pricey) for a our very first new car we bought....nothing ended up being covered. The dealer would always say it was "normal wear and tear".
Same here. The only one I did buy one on was my laptop and it came in handy - a total replacement 5 days shy of the contract's end. However, that is the ONLY one it has happened to out of everything. A stove, I would not get one.
It depends what it is... No on a car.... I did on my washer and dryer and never used it so I won't buy another one if I have to replace them.. ...I did with our first lap top and it went in 3 times and was worth it... no on refrigerator and wish I did... no on range.. Warranties are way over priced... I just bought a new lap top and did not get one because I bought a lower end on and it was half the cost of the computer... ridiculous....
Check with your credit cards. Some of mine offer double the standard 1 year manufacture warranty. Otherwise, no. If you feel worried about it then put that $70 in an appliance repair account. Consumer Reports states that problems occur most often during the 1st year (with minor break downs) or many years after an extended warranty has expired. They also say that extended warranties have too many exclusions, often making them worthless, and that the average cost of a repair is just $142.00.
We don't ever purchase extended warranties unless we are buying a used car. I think a car is the only time when I've actually used a warranty. Other than that its a waste of money and just better to have a good emergency fund in case something breaks.
It reminds me of a show I once watched. Why would I need a warranty? Are you telling me this item will break within a year? Two years? Then why would I buy it? That said, I think I'd focus on buying something higher quality, then deal with repairs as they come. Maybe you can make your own insurance and put the 70-100/yr aside in case you ever needed it.
No most major appliances that have problems will have them in the first 30 days and you should always get a one year warranty regardless. My daughter and son-in-law are both attorneys and they say warranty's are not wort the paper they are written on.
No, I never buy them. From everything I have read, it is a waste of money. We learned our lesson 20 some years ago when we bought an extended warranty (quite pricey) for a our very first new car we bought....nothing ended up being covered. The dealer would always say it was "normal wear and tear".
ReplyDeleteI have never purchased one. I think companies make a lot of money on extended warranties.
ReplyDeleteSame here. The only one I did buy one on was my laptop and it came in handy - a total replacement 5 days shy of the contract's end. However, that is the ONLY one it has happened to out of everything. A stove, I would not get one.
ReplyDeleteWe don't buy warranties either. If you are buying a brand new stove, there shouldn't be any issues in the amount of the time of the warranty, anyway.
ReplyDeleteIt depends what it is... No on a car.... I did on my washer and dryer and never used it so I won't buy another one if I have to replace them.. ...I did with our first lap top and it went in 3 times and was worth it... no on refrigerator and wish I did... no on range.. Warranties are way over priced... I just bought a new lap top and did not get one because I bought a lower end on and it was half the cost of the computer... ridiculous....
ReplyDeleteCheck with your credit cards. Some of mine offer double the standard 1 year manufacture warranty. Otherwise, no. If you feel worried about it then put that $70 in an appliance repair account. Consumer Reports states that problems occur most often during the 1st year (with minor break downs) or many years after an extended warranty has expired. They also say that extended warranties have too many exclusions, often making them worthless, and that the average cost of a repair is just $142.00.
ReplyDeleteWe don't ever purchase extended warranties unless we are buying a used car. I think a car is the only time when I've actually used a warranty. Other than that its a waste of money and just better to have a good emergency fund in case something breaks.
ReplyDeleteWe never get them. I might on laptop but that would be about the only item I would consider it.
ReplyDeleteIt reminds me of a show I once watched. Why would I need a warranty? Are you telling me this item will break within a year? Two years? Then why would I buy it? That said, I think I'd focus on buying something higher quality, then deal with repairs as they come. Maybe you can make your own insurance and put the 70-100/yr aside in case you ever needed it.
ReplyDeleteBecause I do not have luck - I usually try to buy a warranty. If it is only a one time fee - I would say go for it.
ReplyDeleteNo most major appliances that have problems will have them in the first 30 days and you should always get a one year warranty regardless. My daughter and son-in-law are both attorneys and they say warranty's are not wort the paper they are written on.
ReplyDelete