I'm not a big believer in buying extended warranties or purchasing extra service contracts, so I usually pass whenever I'm asked. This happens more often at big electronic retailer stores like Best Buy and the now defunct Circuit City, where they put in a concerted effort to convince unwitting customers to buy extra protection - that frequently is unnecessary. These stores stand to make a lot of money from selling unnecessary extended service plans that customers oftentimes end up never using. It doesn't really matter how big or small the item you're purchasing, the sales clerks alway seem to inquire if you'd like to purchase additional warranty.
One time I was at Best Buy to pick up something. The young sales lady rung up my purchase and asked if I would like to buy additional warranty protection for my item - a dinky little $15 Sony handheld FM radio - just in case it ever broke down or ever malfunctioned as she explained. I just stared back with a slightly sarcastic but incredulous look. Special warranty protection upgrade - for a simple $15 radio? Who in their right mind would pay $3 extra to insure a flimsy $15 piece of electronic? If it ever broke down I'd rather go and buy a newer model than get it repaired.
With Some Exceptions, Since Most Products Come With Their Own Warranties, It Usually Doesn't Make Sense To Purchase More Protection
The vast majority of the time you are better off not wasting your money on extended warranty protections. MostRead the full article »