What do you tell family/friends when they ask if they should get the extended warranty?
- Thread starter iamme
- Start date
Exactly. For example I was considering getting a $400 Sharp DVD recorder to copy old tapes and laserdiscs and replace my VCR, and it only comes with a 90 day warranty. I'd certainly advise someone spending that much to consider spending extra to get at least a 1-year warranty.
you can't really vote in this poll because there's a lot of factors.
- who the person is and how likely they are to break things
- the type of product
- the length of original warranty
- the cost of the extended warranty (as a percentage of the product price)
- the brand and how reliable it is
- who the person is and how likely they are to break things
- the type of product
- the length of original warranty
- the cost of the extended warranty (as a percentage of the product price)
- the brand and how reliable it is
I took a course in school ; and in one of the topics we learnt how businesses make more money by offering these warranties.
If one buya a electronic iteh from say, Sony; I dont think one would ever need an extended warranty..
Its better to spend a few $ extra over the product itself than the warranty. The products get outdated by the time you bring them home anyways..
If one buya a electronic iteh from say, Sony; I dont think one would ever need an extended warranty..
Its better to spend a few $ extra over the product itself than the warranty. The products get outdated by the time you bring them home anyways..
Well actually a recent Sony HDTV model has had issues with the bulbs supplied with them, and if you happened to be out of warrenty you're screwed. (around 2-300 for a replacement) So big ticket items like that I'd get at least a one year extension.
It depends on the price of the item and the cost of the warantee. If they can buy the extended plan for less than $1 a month, then I tell them to go for it.
R
R
The mention of Sony was just as example.. but, that makes me think: the extended warranty for big-ticket items is going to be high in many cases. In that situation; is it worth it?
I guess so. But for an electronic item costing $ 300 or so, bought an year ago; its today's price is probably going to be $ 200 or so ( maybe even less; ) is it worthwhile then?
(), but pretty much always an ext warranty is a waste of money. That's a statistical fact.only on laptops have i ever recommended an extended warranty, but I also haven't bought any big ticket items other than computers.
TallBill
Lifer
- Apr 29, 2001
- 46,017
- 62
- 91
The only thing worth getting an extended warranty on is a computer, because they WILL without a doubt break multiple times during the 3 year warranty. But, if buying instead of building, all my friends/family goes with a major manufacturer which comes standard with 3 year warranty.
I'm not a great fan of extended warranties - I remember my parents bought a midi stereo system about 10 years ago - it was expensive.
They were convinced to get the 5 year extended warranty - it cost nearly 50% more than the actual product itself!
As it turned out, the stereo system was an Aiwa which had intractable problems with the CD player - it was repaired about 6 times over 5 years. Each time it didn't really make a lot of difference. In the end I fixed it myself, by adjusting a couple of pots on the laser module. Since then it's been fine for 5 years.
Being in the UK however, I think I'm quite lucky. Retail law in the UK is quite strong. If for example, I bought a £400 DVD-recorder and it breaks 1 month after the manufacturer's 90 day warranty expires, I can go back to the shop and ask for a repair/replacement. As long as I could argue that it would be reasonable to expect a £400 DVD-recorder to last more than 4 months without breakdown, then the retailer is legally obliged to repair/replace at their cost.
Of course, few consumers know this - so retailers continue to sell warranty protection, to customers who already have this proteection under law.
They were convinced to get the 5 year extended warranty - it cost nearly 50% more than the actual product itself!
As it turned out, the stereo system was an Aiwa which had intractable problems with the CD player - it was repaired about 6 times over 5 years. Each time it didn't really make a lot of difference. In the end I fixed it myself, by adjusting a couple of pots on the laser module. Since then it's been fine for 5 years.
Being in the UK however, I think I'm quite lucky. Retail law in the UK is quite strong. If for example, I bought a £400 DVD-recorder and it breaks 1 month after the manufacturer's 90 day warranty expires, I can go back to the shop and ask for a repair/replacement. As long as I could argue that it would be reasonable to expect a £400 DVD-recorder to last more than 4 months without breakdown, then the retailer is legally obliged to repair/replace at their cost.
Of course, few consumers know this - so retailers continue to sell warranty protection, to customers who already have this proteection under law.
Dulanic
Diamond Member
- Oct 27, 2000
- 9,957
- 581
- 136
It really depends, we all know money is made off of them, the question comes in which can you afford more.... to repair/replace the item or the extended warranty. Lately it is pretty much up to consumer if they want a warranty or not, since most things are down to 90 days now. I will never answer that question... because if I say no, and it breaks guess who their mad at now.
friends/family: yes if they're not tech-savvy, because I won't feel like helping them out with it
myself: yes, but only if it's a a) expensive, and b) something that I don't think I'd be capable of fixing myself (laptop, hd-tv, etc)
myself: yes, but only if it's a a) expensive, and b) something that I don't think I'd be capable of fixing myself (laptop, hd-tv, etc)
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