I'm going to give you some advice. GOOD advice for once. If you've not listened to a single thing I've said over the last 8 months, heed this: Don't buy extended warranties. Here's the rationale: If you buy warranties they will eventually add up to thousands of dollars. And you may never need them. So refuse them all and if you ever do need to repair something that you didn't get the warranty for, you can write it off against the savings of unpurchased warranties.
Here are five key points to consider before purchasing an extended warranty for your items:
1. The Manufacturer's Warranty should be Sufficient. If not... Bad manufacturer.
2. Consumer Products Depreciate in Value
3. The Necessity of Repairs Is Rare
Repair rates for a variety of small electronics and home appliances range from 5 to 37 percent, which generally indicates that you're unlikely to need a repair. Considering this, it often makes more sense to save the money on an extended warranty and put it toward a repair instead, on the off-chance you'll need one.
4. Warranties Are Not Cost-Effective
They are actually extremely expensive.
5. Credit Cards Can Offer Better Protection
At least that's what my hot trophy girlfriend says.
In the new world, manufacturers will stand by their products and repair them for free.
AND SO IT SHALL BE WRITTEN!