On Mar 24, 4:34*pm, Ashton Crusher wrote:
On Fri, 22 Mar 2013 07:49:44 -0500, 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....

Like most generalizations it's usually true but not always. *For big
ticket items where the repair cost would be a killer sometimes the
warranty is worth the protection. *The fallacy many people make is
that they think if they pay $1500 for the warranty and only need it to
cover $400 in repairs they were on the losing end. *That's not true,
the expectation with ANY insurance (that's what these warranties
really are) is that for the vast majority of purchasers the insurance
will cost more then the financial benefit you get. *You don't really
buy them expecting to break even or come out ahead, you buy them for
piece of mind...

The problem is that in probably 95% of the cases,
the extended warranty is way overpriced and that peace
of mind comes at a very high price.




Just like you buy homeowners insurance. *Just because
you'll almost assuredly NEVER have your house burn down very very few
people are willing to risk that cost should it happen. *Is it worth it
on every $100 printer you buy, almost definitely not. *However, if you
are buying that printer as a give for your grandmother who is living 3
states away on *social security perhaps it might make sense so she
doesn't fret about the printer breaking and *not having the money to
fix it.

An extended warranty on a $100 printer for grandma
still sounds like a very bad idea to me. If it breaks,
you just buy grandma a new one. The comparison to
homeowner's insurance isn't a very good one either.
Homeowner's covers you for huge losses that most
people could not self-insure. Most of the extended
warranties in question are in the range that self-insurance
is possible and a better choice for most people.
If you can't cover the cost of a $400 tv, you probably
shouldnt be buying one.