Will you buy $200 five year extended warranty for a $650 ED TV?

[ub4me]

I'm going to buy a Samsung EDTV (TXN3245FP) from Circuit City within a few days, but I'm still not sure whether buying extended warranty or not.
If you were me, would you buy the 5-year extended warranty for $200?
Thanks.

 

[fatbaby]

Fvck no. Thats over 1/3 the cost of the tv!

 

[ElFenix]

no

 

[HappyPuppy]

The TV probably comes with a one warranty from the mfr. If it lasts 1 year it will most likely last 10 years.

I vote an absolute no on that ripoff warranty.

 

[GoingUp]

I bought a 5 year warranty from them for $90 on a $270 TV... course it was an open box that I talked them down $60 on... so in the end, I paid about retail for a tv with a 5 year warranty

 

[N8Magic]

No.

In general, extended warranties are cash cows for the retailer. There are cases where it is a good idea because the item is portable and may get broken (PDA, cell phone, digicam, etc.), but HappyPuppy is right. With something like a TV, the problems usually happen within the first year and under manufacturers warranty.

BTW, I sold electronics for 2 years in case you were wondering.

 

[isaacmacdonald]

**confirmed**

answer is no. that's an insane price, and the unit will almost certainly have at least a 1 yr mfg warranty.

 

[Ocuflox]

hel! no

 

[ub4me]

To Gobadgrs:

Have you ever had any chance to use the extended warranty?

 

[N8Magic]

Originally posted by: ub4me
Have you ever had any chance to use the extended warranty?

I used to sell them.

 

[ub4me]

Originally posted by: N8Magic
No.

In general, extended warranties are cash cows for the retailer. There are cases where it is a good idea because the item is portable and may get broken (PDA, cell phone, digicam, etc.), but HappyPuppy is right. With something like a TV, the problems usually happen within the first year and under manufacturers warranty.

BTW, I sold electronics for 2 years in case you were wondering.

How about washer and drier?

 

[ub4me]

Originally posted by: N8Magic

Originally posted by: ub4me
Have you ever had any chance to use the extended warranty?

I used to sell them.

Oh~ Yeah!

 

[N8Magic]

Originally posted by: ub4me

Originally posted by: N8Magic
No.

In general, extended warranties are cash cows for the retailer. There are cases where it is a good idea because the item is portable and may get broken (PDA, cell phone, digicam, etc.), but HappyPuppy is right. With something like a TV, the problems usually happen within the first year and under manufacturers warranty.

BTW, I sold electronics for 2 years in case you were wondering.

How about washer and drier?

I would say it depends on how often you use them.

If you have 3+ kids and a dog, then yes I would recommend the warranty. For an older married couple that isn't doing nearly that kind of volume, no.

 

[ub4me]

Originally posted by: N8Magic

Originally posted by: ub4me

Originally posted by: N8Magic
No.

In general, extended warranties are cash cows for the retailer. There are cases where it is a good idea because the item is portable and may get broken (PDA, cell phone, digicam, etc.), but HappyPuppy is right. With something like a TV, the problems usually happen within the first year and under manufacturers warranty.

BTW, I sold electronics for 2 years in case you were wondering.

How about washer and drier?

I would say it depends on how often you use them.

If you have 3+ kids and a dog, then yes I would recommend the warranty. For an older married couple that isn't doing nearly that kind of volume, no.

Thank you, N8Magic. It was helpful!

 

[Shawn]

Nope. I would not.

 

[0roo0roo]

if you buy warrantees like that for just a few of your household electronics/appliances, youll more then pay for the one that breaks anyhow. its a scam.

you lose the interest/usage you coulda gotten on the money to boot.

 

[Beau]

no way.

 

[rutchtkim]

thats too much money. if u feel that u need warantee, try to haggle them down. retail sales have flexibility with the cost of the item. so lets say the warantee is too much, tell the sales dude that you would be willing to pay xxx amount of dollars for the warantee, than if he agrees, than he will likely subtract that amount from the item cost but keep the full price of the warantee.

example: computer -->$1000
warantee -->$300

you are willing to pay 200 for the warantee, than sales dude may take the difference off of the price of the computer making it 900

 

[Don Vito Corleone]

No way. Those warranties are an incredible cash cow for retailers. In my experience, if a TV is going to die, it will die within the first year anyway.

 

[Crucial]

Washers and driers should last 10 years minimum. I just threw away a 30 year old maytag washer earlier this year. The only reason I did was because the timer unit that was broke cost $150. I bought a used washer/drier for $75. Kept the washer and resold the drier for $75.

 

[ub4me]

So, how much are you guys willing to pay for 5 year extended warranty?

 

[KK]

10 dollars.

 

[GoingUp]

Originally posted by: ub4me
To Gobadgrs:

Have you ever had any chance to use the extended warranty?

I bought the TV in Jan, so not yet... Im a college kid and with the moving every year, I wanted to buy one...

 

[DanJ]

Originally posted by: Don_Vito
No way. Those warranties are an incredible cash cow for retailers. In my experience, if a TV is going to die, it will die within the first year anyway.

Actually the incredible cash cow for retailers are accessories; warranties probably next.

 

[PeeluckyDuckee]

Yep, accessories and warranties are where the $$$ is for retailers. I'd save the $200 and if it dies it 5yrs, use it towards a new one