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Why You Don't Need an Extended Warranty

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12-04-2006, 08:00 PM

Jerry Raia Editor Emeritus Join Date: Aug 2006 Posts: 6,305		Why You Don't Need an Extended Warranty http://www.consumerreports.org/cro/personal-finance/news/november-2006/why-you-dont-need-an-extended-warranty-11-06/overview/extended-warranty-11-06.htm "This holiday season, shoppers are expected to spend a whopping $1.6 billion on extended warranties for laptops, flat-screen TVs, other electronics, and appliances. And almost all of it will be money down the drain. Retailers are pushing hard to get you to buy extended warranties, or service plans, because they're cash cows. Stores keep 50 percent or more of what they charge for warranties. That's more than they can make selling actual products." Ekkie Tepsupornchai over at Pocket PC Thoughts has done a great post about an issue I love to talk about. Extended warranties. Usually the only time I get these things is for laptops and monitors. Over the years and 4 laptops later I have never used them. To be fair though, I never have had a laptop for more than 2 years. I used to have a 21" CRT that failed after 6 months. I had a contract, walked right into Fry's and they gave me a brand new one, no questions or hassles. How do you feel about extended warranties? I would never consider one for a Smartphone.

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