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Steve Walker[_5_] Steve Walker[_5_] is offline
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Default extended warranties on electrical items

On 29/07/2018 10:15, Clive Page wrote:
On 29/07/2018 09:00, The Natural Philosopher wrote:
Actually I think it ties in to a whole mentality which is somnewhat
like the TV rental market used to be. I want a product, but not te
reposnibility of ownerhsip.

So cars are contract hired.With AA style support.

Appliances are bought on credit with aÂ* guarantee. If they break then
they are fixed FIC.

Household maintenace is on fixed annual price call out.

It's all about people who can understand monthly outgoings, but not
how to budget.

Further up the income scale, they simply buy new on fault.


Agreed.Â* These extended warranties are in my view always a con.Â* But
enough people get taken in that they account for a significant amount of
profit for the manufacturer and, of course, the insurance companies
involved.


I have only ever bought one and I think that one was a pretty good deal.

I bought a twin cassette unit to add to my separates system (in the late
90s). It cost me £120 at Richer sounds. An extra £20 bought a 10-year
warranty, plus free head cleaning and free head re-alignment throughout
that period. It also gave a 1/3 (1/2 if you still had the original
packaging) refund against an upgrade purchase in those 10 years.

SteveW