Extending Warranty question

[igowerf]

For a lot of people, warranties just give them peace of mind, knowing that their purchase is protected for a few years. For a $500 computer monitor, I would just rely on the 1 year warranty + the 1 year that my Amex Blue gives me.

 

[Kremlar]

We bought a $150 extended warranty for our Maytag washer. I approximate that we got back at least $800 in free repairs over the last 3 years easily. In fact, we just called in another repair on that lemon, and they said enough is enough, we're getting the full purchace price of the washer back - enough to buy the LG washer brand new with its own 5 year warranty.

I've got a 4 year old Maytag washer, and a 4 year old Maytag dryer. Neither have given me a single problem since purchase. Don't tell me I should have wasted $300 on an extended warranty.

It's a gamble, and in the long term the "house" always win. They wouldn't sell extended warranties if they didn't profit on them.

You may get lucky every now and then, but over the long haul you're better off not buying any extended warranties.

 

[Kremlar]

Not necessarily. In our case, we bought the Neptune the first year it came to market. Most 1st year products have bugs, and buying an extended warranty is not flippantly used to make you feel better - its an intelligent decision. Lotto? Not in a blue moon. Use your head and you'll make good decisions. Not all extended warranties are worth it.

Use your head and don't buy the product. Why would you not only BUY a 1st year product that you suspect will have bugs, but also spend ANOTHER $150 on an extended warranty just so you can go through the nightmare of 4 years of problems??

You couldn't PAY me to take that washer and dryer.

Buy something you think will last, don't pay extra for something that you think will cause you grief!!

Talk about backwards thinking.

 

[Reckoner]

Originally posted by: Kremlar

Not necessarily. In our case, we bought the Neptune the first year it came to market. Most 1st year products have bugs, and buying an extended warranty is not flippantly used to make you feel better - its an intelligent decision. Lotto? Not in a blue moon. Use your head and you'll make good decisions. Not all extended warranties are worth it.

Use your head and don't buy the product. Why would you not only BUY a 1st year product that you suspect will have bugs, but also spend ANOTHER $150 on an extended warranty just so you can go through the nightmare of 4 years of problems??

You couldn't PAY me to take that washer and dryer.

Buy something you think will last, don't pay extra for something that you think will cause you grief!!

Talk about backwards thinking.

So I guess nobody should buy an Xbox 360 then, eh?

 

[Kremlar]

So I guess nobody should buy an Xbox 360 then, eh?

Maybe not, though I did. But that's a bit different. There's no competition - it's a unique product. Some people will take a gamble because they want the product.

He's talking about a washing machine.

 

[LukFilm]

Originally posted by: kranky
I suspect Circuit City would be overjoyed to sell you an extended warranty.

 

[imported_goku]

Originally posted by: dullard

Originally posted by: yellowfiero
Not necessarily. In our case, we bought the Neptune the first year it came to market. Most 1st year products have bugs, and buying an extended warranty is not flippantly used to make you feel better - its an intelligent decision.

Me thinks you need to read better:

Originally posted by: dullard
Not all warranties are pointless. Warranties are needed in two situations:

1) High risk purchases of expensive new technology that doesn't have a reliable track history yet.

I think a new product in its first year fits perfectly in that category.

Yea, hmm... I was offered a warranty on a microsoft intellimouse explorer for like $10 when the mouse costs $50, now THAT is stupid. The mouse kind of broke when the warranty would have expired (heh) yet I was still able to get it replaced my microsoft, free of charge!

 

[brunswickite]

I recently purchased a DLP TV, and bought a 200 dollar, 3 year warrenty to cover everything and the bulb. I think that is a fair deal.

 

[Mayfriday0529]

I think I'm going to get it. The Monitor is experiencing some problems at the moment. I called Circuit City and I'm past the 14 return/exchange policy, but I still can get the extended warranty within 30 days of purchase.

Maybe If i get the warranty I could then get it exchange at the store?
I don't want to call gateway and have it RMA and wait 2 weeks for a monitor and who knows if i would have to pay shipping for such a huge product.

 

[dullard]

Originally posted by: Jnetty99
I think I'm going to get it. The Monitor is experiencing some problems at the moment. I called Circuit City and I'm past the 14 return/exchange policy, but I still can get the extended warranty within 30 days of purchase.

Again, most failures are either right after you purchase it, or 5+ years after you purchase it.

Originally posted by: dullard
2) The first 30 days of a purchase. Most electronics fail within 30 days or after 5 years. You either had a dud or a good part.

It should be under warranty now, have them replace it now before you get bigger problems with it. I don't know the specific terms of your warranty, but I doubt you'll have to pay shipping.

CNN and Money Magazine put out a relevant article yesterday.

Extended warranty
Your new PC is just a few mouse clicks and $700 away. Like most desktop computers, it comes with a limited one-year warranty. But for another $190, you can extend the coverage to four years. Deal?

NO DEAL! There's a reason extended warranties are highly profitable for manufacturers: Buyers seldom cash in. PCs, and consumer electronics in general, are very reliable these days.

"If you take care of your equipment, you really don't need a warranty," says technology analyst Rob Enderle of the Enderle Group.

Besides, four years is an eternity in the computer world. If your PC breaks down in three years, you'll want a newer, faster machine by then, not a replacement. Save the $190 for a down payment on your future upgrade.