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[email protected] websurf1@cox.net is offline
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Default Lowes extended warranty for appliances - Any good?

On May 5, 2:33 pm, Stan Brown wrote:
Sat, 05 May 2007 14:25:14 -0400 from R Kannan
:

We are thinking of getting an extended warranty upto 5 years for a
refrigerator that we bought from Lowes. Anyone with positive or negative
experience with Lowes Extended Protection Plan?


Extended warranties in general are a bad idea. That's particularly
true for "white goods".

--
Stan Brown, Oak Road Systems, Tompkins County, New York, USA
http://OakRoadSystems.com/


I "third the motion" from the other two guys.
The extended warranty has to be priced to make a profit. That means
that overall, the premium is way more than the overall cost of repairs
(spread over a lot of people). This is a kind of insurance, and you
only get it if you absolutely cannot afford the repairs on your own.
You have a fridge, freezer, washer, dryer, dishwasher, ad infinitum.
Add all the premiums up, and then add up all the repairs. You'll have
wasted extra money on the premiums.

If they persist, ask them "Whatsa matter? You expect it to fail?
Must be selling bad goods!"