Extended Warranty

Reply

  #1  
Old 08-07-10, 12:32 PM
Gunguy45's Avatar
Super Moderator
Thread Starter
Join Date: Dec 2007
Location: USA
Posts: 21,119
Received 2 Votes on 2 Posts
Extended Warranty

Never had a LCD TV before..but just got one for my wifes office/exercise room. Has good reviews, good brand, and was a great price...but is spending $28 for the warranty on a $150 (normally about $225) 22" LCD TV worth considering?

The manufacturers warranty is 1 yr, the extended will kick in after that. They cover shipping both ways as well. Not sure how it works if it can't be repaired or is no longer available.

Had a friend who would buy the warranty on everything down to a $20 clock radio...I've never done it. My thoughts with electronics are that it normally breaks w/in a few days..or lasts forever it seems.

Is it worth considering? Thoughts? Experiences?
 
Sponsored Links
  #2  
Old 08-07-10, 05:59 PM
Member
Join Date: Jul 2009
Location: so cal
Posts: 283
Received 0 Votes on 0 Posts
EW and no EWs

I stopped buying extended warranties year ago, with some exceptions
I have never met a person who actually used it to get a free replacement ( since you know if it break later there are no part for it ) for a broken electronic. the last one i bought was for my Vizio 42 when i got it at Sams club, since it was backed by Sams club and not some 3rd party company that will probably be bankrupt in the future, other than that it it fails inside the manufacturer's warranty period, then it was / is junk to begin with. I know EW are money makers for any company that sells them, and when asked if i want one, I always ask them back, why do you have no faith in the products you sell ?
I usually avoid cheap stuff and have had few if any problems with my purchases ( on my 2nd laptop, 1st digital camera system and new truck ). A $150 22 inch lcd is disposable in my book, but other may differ.
 
  #3  
Old 08-07-10, 08:46 PM
mickblock's Avatar
Member
Join Date: Feb 2009
Location: Calumet Township, Indiana
Posts: 616
Received 0 Votes on 0 Posts
I never buy the extended warranties either. Never regretted it.
I gotta small LCD tv in the guest room that gets left on all the time and it hasn't acted up. Same thing for a bigger one in the living room.
As long as nothing get's thrown at it and it's plugged into a surge suppressor, it shouldn't give you problems on its own.

Anyway being asked if I wanted to purchase a $6.00 extended warranty for a $23.00 coffee maker pretty much gives me the opinion that these programs aren't a customer care initiative based on actual warranty requests made after the factory warranty expires. Seems more like a marketing invention.
 
  #4  
Old 08-08-10, 09:59 AM
Member
Join Date: Oct 2006
Location: sw sub chicago
Posts: 1,130
Received 0 Votes on 0 Posts
i had a 32 toshiba go dead on me, 14 months. i bought it with a credit card.

i was advised to try and get toshiba to warranty it.
MASTERCARD has a 1 year extended warranty built into their services.

after lots of 'arm twisting". i was able to get toshiba to warranty the part, power supply board. mastercard ended up warrantying the whole repair. in the end, i made $150, lol.

anyway. buy with a credit card = built in extended warranty.

also.
when i was at the repair place. there were LOTS of TV's in there.
of all different brands and price points. so, just because you buy a better brand, DON'T think you are buying more reliability.
 
  #5  
Old 08-09-10, 06:16 AM
the_tow_guy's Avatar
Group Moderator
Join Date: Feb 2001
Location: SW Fla USA
Posts: 11,826
Received 33 Votes on 26 Posts
If it didn't make money for the people selling them they wouldn't be selling them.
 
  #6  
Old 08-09-10, 06:57 AM
Group Moderator
Join Date: Oct 2004
Location: WI/MN
Posts: 19,344
Received 49 Votes on 46 Posts
Process I like is to take whatever they want for the extended warranty and dump that into a savings account instead and keep doing this with everything you buy where they offer you the EW. If something pukes, you buy the new one out of the savings account. Sit back and watch the balance in your savings account grow.
 
  #7  
Old 08-09-10, 07:30 AM
Gunguy45's Avatar
Super Moderator
Thread Starter
Join Date: Dec 2007
Location: USA
Posts: 21,119
Received 2 Votes on 2 Posts
Well, you all confirmed pretty much what I was thinking. Like I said...never had an LCD TV...so just no experience with the reliability. The way prices on this stuff goes..I figure in 2 yrs if it breaks, I'll be able to get another one for $50 or so...lol.
 
  #8  
Old 08-09-10, 05:28 PM
mickblock's Avatar
Member
Join Date: Feb 2009
Location: Calumet Township, Indiana
Posts: 616
Received 0 Votes on 0 Posts
Forgot to mention that I do buy and have made claims on extended warranties for electronics that travel with me such as mp3 players, cell phones, digital cameras etc cause I put those things through the ringer, and many of those things tend to be new technology. But those warranties are always through the original manufacturer. Not anything offered by the retailer.
Good point about credit purchases.
 
Reply

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Thread Tools
Search this Thread
Display Modes
 
Ask a Question
Question Title:
Description: