Extended Warranties - Yes or No

Discussion in 'Et Cetera, Et Cetera' started by OhWiseOne, Jan 31, 2012.

  1. OhWiseOne

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    Personally I don't purchase them. One exception is for my cellphone but that may be a bad choice also.

    I agree with the article that the odds of it paying off are against you.

    Do you buy the warranty or pass when purchasing a product?

    Yahoo! Finance - Financially Fit
     
  2. nudeyorker

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    I've only done it once; I bought the program for my Sub-Zero and Wolf kitchen appliances. I have not had any problems but I wanted to err on the side of caution because of the initial investment cost involved.
     
  3. D_Kitten_Kaboodle

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    I pass on most but warranty my cell phone.

    Have dropped it in water.... they covered.

    Ran over it with the car.... they covered...

    yeah it's worth it to me...


    and along those lines.... I am a member of AAA (Automobile Roadside Services)
    and every year more than pay for the annual fee by using their services (I'm sooo bad at locking the keys in the car... HEY even with a keyless entry system... It CAN be done) !! (leave it to Fancy)
     
  4. monel

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  5. Rikter8

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    Depends on what it is.

    Automobiles - absolutely.
    Large electronics purchases - yes

    Small electronics, or anything under $300, not usually.

    I have used my auto extended warranty many times. I will usually cover them up to 100K miles. After that, most of the bugs are out, and your good to go for the next 200-300K miles.
     
  6. tamati

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    No.never.
     
  7. SilverTrain

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  8. Joll

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    Cars and washing machines, yes.
    Everything else - sod off.

    Tbh, if you want a warranty for some electrical goods, get it insured with your household provider, it'll probably cost like £20 instead of £100.
     
  9. paigexox

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    If I'm worrying about a warranty I'm buying the wrong product.
     
  10. OhWiseOne

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    Jesus H do you just throw your phone around aimlessly? Also, can you apply for AARP? :eek:
    Someone that does research. Just buy it!!!! :biggrin1:
     
  11. D_Kitten_Kaboodle

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    sorry I couldn't reply to your post sooner.... I had to thaw my laptop out (was in the freezer) :tongue::biggrin1::tongue:

    PS... I'm old yeah... not THAT OLD :eek:

    I don't (and haven't for years) carried a purse... It took me a while to find a safe way to carry my phone... and when you have children around and a swimming pool... phones + water just happens... (but only once!):rolleyes:
     
    #11 D_Kitten_Kaboodle, Feb 1, 2012
    Last edited: Feb 1, 2012
  12. Hoss

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    I have gotten extended warranties twice. In general they are a waste of money because through small print they can get out of paying the same as big insurance companies do.

    Never took a warranty on the cellphone, never really gave it thought. A cellphone may cost a few dollars but I could get a replacement even if it meant going the bare basic type phone. Never dropped it in water or off a tall building or even a garage roof. I take proper care of my cellphone since it has a lot of information in it which I have never taken time to put in other places.

    I will now step outside and a truck will run over me crushing only my cellphone, I can see it already.
     
  13. D_Kitten_Kaboodle

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  14. Hoss

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  15. OhWiseOne

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  16. b.c.

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    Yes, it depends on the item. Small electronics under a couple of hundred, no. Luckily I got one back in 06 on a large flat screen tv. It had a little projection bulb that I had to replace twice. That and another in home service call would've cost me way more than the x-warranty. And so-called "certified" used cars that come with warranties may cost more but are worth it, imo. I used to buy cellphone warranties but current offerings (reserved for "new customers") by highly competitive carriers render such coverage impractical.
     
  17. mako shark

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    Costly electronics yes, everything else pretty much no!
     
  18. Who_Dun_It

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    For my phones, no, I recently purchased my third cell phone and I've been with the same carrier for 10 years now.

    My cars, the first three, no but the current one I did and it was done for a few years ago. Dad did it on the last vehicle he and Mom bought and got more than his money's worth.......which seriously makes me think twice about buying a Daimler era Chrysler product second hand too.
     
  19. NCbear

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    I paid $2000 for an extended warranty (to 5 years or 100,000 miles) for my 2006 Mazda6 4-cylinder, 5-speed hatchback.

    It paid for (1) replacement of a $1500 air conditioning compressor and associated lines, (2) a new clutch (approximately $6000) after a spring broke when I downshifted into fourth at 70 mph on the interstate and the entire thing fell apart (but didn't strand me there), and (3) a few other smaller things that broke/failed, like the hatchback struts ($30 each).

    Given the return on investment, yeah, I'd purchase an extended warranty again on a car, if one's available.

    NCbear (who's about to make a move on a used car and who'll pay for as extended a warranty as I can get on it :wink:)
     
  20. Pitbull

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    but do not purchase another 2006 Mazda

    advice to NCBear
    (who should buy extended warranties on washing machines :wink:)
     
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