On 1/18/2012 2:53 PM, harry wrote:
On Jan 18, 5:32 pm, wrote:
On 1/18/2012 12:32 AM, micky wrote:





On Jeopardy tonight, one of the 3 contestatnts was an actuary but not
for people.

He worked for a "home improvement" company, and with statistics, he
predicted how long your refrigerator would last. So that they could
sell exteneded warrantees at the right price.

When Trebec asked him if they were as good as fridges 40, 50 years
ago, he said "It a shame, it really is."

IMO, you're beter off with no extended warranty. That way your a self
insurer and you get to keep the profit you'll likely make. If you
really can't afford another fridge when this one breaks, buy a
second-hand one.

Extended warranties are high profit items. I always decline them

I was looking at a Swiss made washing machine yesterday with a life
time guarantee. $2500. I examined it closely. It was incredibly well
made and efficient. (30% better than the normal best rating)

http://www.vzug.com/ch/en/product/ch-Catalog/265200
Only 2 years on the website?

That's about 5 times what our new washing machine cost last year. We got
rid of our 25 year old machine just because it was showing it's age.
New machine holds more clothes, uses less water and is quieter.

Same with TV sets. I had a fully functional color TV that was maybe 25
years old and even the charities refused it. I had to toss it in the trash.

A fine, old firearm, I'd keep forever but not a washing machine or TV.