By the time the "extended warranty" is up there will be something newer and better on the market. Besides, the manufacturer's warranty should be plenty.
If you ever have to use the "extended warranty", they will either send you a recertified drive (Maybe not in the case of an SSD) or upgrade you to something equivalent. It's a crap shoot depending on how popular the drive is and how many other people RMA the drive.
The pain and suffering of a primary drive failure is not in the cost of replacement, but in the replacement of the data itself. This means you need a good backup solution no matter which option you choose.
Generally, hardware that doesn't fail within the MFR warranty period doesn't fail for a good while, which is why extended warranties are such a money maker.
They are really only a good purchase for someone who has no clue what they're doing, and then only on full systems. A certain percentage of hard drives and SSDs fail, period. An extended warranty doesn't even buy peace of mind in this case, because your data is not warrantied.
Extended warranties are indeed, very profitable, Therefore, I never buy them. Instead, I use the saving over the years to be self insured. If something is very profitable for the vendor, it is very unprofitable for the customer.
The pain and suffering of a primary drive failure is not in the cost of replacement, but in the replacement of the data itself. This means you need a good backup solution no matter which option you choose.
Something else to think about is the rate at which SSDs are going up in speed and coming down in price. If you get +2 years on top of the manufacturer's 3 years, in 5 years would you still want to be stuck with the same drive when you can probably pick up a larger and faster drive for much cheaper?
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