so basically your saying life insurance is pointless too.
Well done folks. Just trying to give out some advice here and the board trolls come out firing nukes.
No, never said anything about Life Insurance...there's a big difference between life insurance (or health insurance) and electronics don't ya think?
I'm trying to give advice too. Just because it differs from yours I'm a troll?
I'm not a board troll. I've been running more boards and discussion groups the last 15 years than you can imagine. I'd just telling it like it is. Extended Warranties are a waste of money in a vast majority of the cases. If you are calling me a troll for stating that then call Consumer Reports, cnet.com and the like trolls too. Sure, they reccomend it for items that have a suspect reliability history, but for the most part they say keep the cash in your pocket.
Plus, to the guy who also replied "so, where are the savings?" I say? Huh? What kind of question is that? Where are the savings he has totaled up thru the years buying items on sale or using coupons? It's an intangible thing.
The fact is a vast majority of electronics I have bought never have broken down in their viable years of service. Heck, they wanted to sell me an extended warranty on a microwave I bought in 1984 and the sucker is STILL running and I use it at least 300 days a year.
Do the math. If you have a lot of electronics in your home, make a list. Make a list of what they cost, when you bought them and when a typical extended warranty would have run out. Now, how many of them broke down in that extended timeframe (outside of the original warranty)? In my case I can think of ONE. As for items that had extended warranties offered up, in my house right now I have two desktop PCs, two laptops, four televisions, two complete stereo systems each with CD/DVD, DAT, cassette and turntables, a hybrid stereo system, a surround sound system, a 5-handset cordless phone system, the quarter-centruy old microwave, fridge, a sleep-number bed, XBox 360. Within what would now be an extended warranty is the XBox. Within the original are one TV and one laptop. Everything else is out of the extended warranty range and the ONLY one that had a problem in the extended warranty range was the Hybrid stereo, which was just 300 anyway.
And this is just the stuff I presently own now. Not the stuff that just naturally died.
Extended warranties on electronic items are a waste of money in the long run if you figure to make an average number of purchases. Exceptions include items with a lower reliability rate, such as rear projection LCD TVs a few years back.
Just my opinion that has at least proven to be a fact in my personal case.
Mike