Consumer Issues
Extended warranty plans offer peace of mind, but they can also cost almost as much as the item you’re covering.
You just spent a fortune to upgrade to a brand new computer, now the sales person wants you to buy an extended warranty.
Should you “cough up” the extra one – to two hundred bucks, in case it breaks down? Here is the scoop on whether it makes sense for you to have an extended warranty.
According to the group Consumer Reports it can be worth it, especially if you’re buying a laptop.
They’re expensive, hard to repair, and the parts are made to fit the manufacturer’s design. So – you should buy the warranty directly from the manufacturer, not from the retailer.
On the other hand, if you have an emergency fund to cover any needed repairs or if your homeowners insurance covers these costs, you will not need to insure your product separately.
Of course, this is not a hard and fast rule — if you are considering buying an extended warranty, think about these tips to help you to decide what’s best:
Read the terms carefully and decide on the coverage duration. Beware of shipping charges and any extras. Research the reliability of the product. Compare the plan cost, against the product cost
What do you think? should warranties be free as a good faith from the manufacturer to guarantee the quality of their products? have you got any tips to share with me?
let me hear from you!
