Extended warranty (EW)
"harry" wrote in message
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On Mar 22, 12:49 pm, CRNG wrote:
I've noticed EWs are often discussed here. It looks like the lame
stream media is finally getting a clue.
Don t buy the extended warranty ever
http://shopping.yahoo.com/blogs/digital-crave/don-t-buy-extended-warr...
I never buy warranties/insurance except for things I couldn't afford
to replace (house) or which I legally must (car).
I never buy the EW or insurance on things either, except as you said, very
expensive items such as a house and a car that is not too old.
I did have life insurance while I was young, but let it go now that the kids
are gone and everything is payed for. I have enough in the 401k /IRA that
if anything hapens to me, my wife can get along.
If the EWs were paying off, they would not be offered.
I bought a house that was about 20 years old a while back. They tried to
sell me a home warrenty.. I looked at it and it did not seem to really
cover much of anything.
I think there was a deductiable on that also, but not sure now.
I know that some things were old enough to wear out, so I offered the price
of the house based on that. After about 2 years the heat pump did quit.
Probably out of the warenty period anyway, so I put in a newer one that has
a higher efficency rating.
Consumer reports (if you believe them) said the EW is a waste of money
except laptop computers and one other thing I forgot what.
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