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Default Thoughts on Extended Warranty

We have a Hotpoint Dryer, six years old, and which was 'Fixed' under
the free Prevention of Fires plan, some months ago. It works fine, but
is now in what I would call the 'risky' part of its life cycle.
I have received an offer from Hotpoint for an Extended Warranty, which
would cost me £5.15 per month, for a contract period of one year. It
allows for a replacement of the machine if it breaks down and cannot be
repaired. So far, so good.
But it states that, if it is replaced, at Hotpoint's discretion, then
not only does the warranty cease, which is fair enough, as the new
machine will have its own warranty, but that I would also be liable for
the unpaid remaining months of the contract period, which seems daft.
If I am not being covered, why should I pay?

Any thoughts, for or against? I can see that it is a contract, but the
replacement of the machine would surely break this?

--
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Default Thoughts on Extended Warranty

On Monday, 9 January 2017 12:27:43 UTC, Davey wrote:
We have a Hotpoint Dryer, six years old, and which was 'Fixed' under
the free Prevention of Fires plan, some months ago. It works fine, but
is now in what I would call the 'risky' part of its life cycle.
I have received an offer from Hotpoint for an Extended Warranty, which
would cost me £5.15 per month, for a contract period of one year. It
allows for a replacement of the machine if it breaks down and cannot be
repaired. So far, so good.
But it states that, if it is replaced, at Hotpoint's discretion, then
not only does the warranty cease, which is fair enough, as the new
machine will have its own warranty, but that I would also be liable for
the unpaid remaining months of the contract period, which seems daft.
If I am not being covered, why should I pay?

Any thoughts, for or against? I can see that it is a contract, but the
replacement of the machine would surely break this?


What does a new machine cost, and how long should it last? How much is that per year? This policy is £66 a year, undoubtedly more expensive.

People should learn basic maths.


NT
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Default Thoughts on Extended Warranty

Davey wrote:
We have a Hotpoint Dryer, six years old, and which was 'Fixed' under
the free Prevention of Fires plan, some months ago. It works fine, but
is now in what I would call the 'risky' part of its life cycle.
I have received an offer from Hotpoint for an Extended Warranty, which
would cost me £5.15 per month, for a contract period of one year. It
allows for a replacement of the machine if it breaks down and cannot be
repaired. So far, so good.
But it states that, if it is replaced, at Hotpoint's discretion, then
not only does the warranty cease, which is fair enough, as the new
machine will have its own warranty, but that I would also be liable for
the unpaid remaining months of the contract period, which seems daft.
If I am not being covered, why should I pay?

Any thoughts, for or against? I can see that it is a contract, but the
replacement of the machine would surely break this?


Against. Unless it is a fancy heatpump machine your basic electric dryer is
as cheap as chips to replace. Over £60 a year would be better off in your
own bank awaiting the day when you need to replace it.

On the whole dryers are pretty reliable machines (except when they're
bursting into flames).

Tim

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Default Thoughts on Extended Warranty

I would guess that, if you examined the small print, you would find that you would be purchasing a whole year's warranty on credit and the monthly payments were actually monthly loan repayments rather than paying for each month individually. Therefore if the machine was replaced and the warranty company held that their contractual obligations were fulfilled, you would still have to pay off the loan.

Unless you have documentation that says so, I would not assume that you would get a warranty with the replacement machine.

Mike


On Monday, January 9, 2017 at 12:27:43 PM UTC, Davey wrote:
We have a Hotpoint Dryer, six years old, and which was 'Fixed' under
the free Prevention of Fires plan, some months ago. It works fine, but
is now in what I would call the 'risky' part of its life cycle.
I have received an offer from Hotpoint for an Extended Warranty, which
would cost me £5.15 per month, for a contract period of one year. It
allows for a replacement of the machine if it breaks down and cannot be
repaired. So far, so good.
But it states that, if it is replaced, at Hotpoint's discretion, then
not only does the warranty cease, which is fair enough, as the new
machine will have its own warranty, but that I would also be liable for
the unpaid remaining months of the contract period, which seems daft.
If I am not being covered, why should I pay?

Any thoughts, for or against? I can see that it is a contract, but the
replacement of the machine would surely break this?

--
Davey.

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Default Thoughts on Extended Warranty

Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty, which
would cost me £5.15 per month
Any thoughts


If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your choice
of many Hotpoint 7/8kg condenser dryers now ...




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Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty, which
would cost me £5.15 per month
Any thoughts


If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your choice
of many Hotpoint 7/8kg condenser dryers now ...


Or even a proper gas one. ;-) Of course getting gas installed where you
want it might make it unviable.

Tim

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On Mon, 9 Jan 2017 12:51:44 -0000 (UTC)
Tim+ wrote:

Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month
Any thoughts


If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your
choice of many Hotpoint 7/8kg condenser dryers now ...



True. But not the question I posed.

Or even a proper gas one. ;-) Of course getting gas installed where
you want it might make it unviable.

Tim


Well, there is no mains gas in the village, so that's out. I don't know
if they even do Calor Gas dryers, an interesting thought. But I'm happy
with electric anyway.

--
Davey.

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On Mon, 9 Jan 2017 12:43:30 -0000 (UTC)
Tim+ wrote:

Against. Unless it is a fancy heatpump machine your basic electric
dryer is as cheap as chips to replace. Over £60 a year would be
better off in your own bank awaiting the day when you need to replace
it.

On the whole dryers are pretty reliable machines (except when they're
bursting into flames).


Agreed, on both counts.

--
Davey.

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On Mon, 9 Jan 2017 04:38:59 -0800 (PST)
wrote:

On Monday, 9 January 2017 12:27:43 UTC, Davey wrote:
We have a Hotpoint Dryer, six years old, and which was 'Fixed' under
the free Prevention of Fires plan, some months ago. It works fine,
but is now in what I would call the 'risky' part of its life cycle.
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month, for a contract period of one
year. It allows for a replacement of the machine if it breaks down
and cannot be repaired. So far, so good.
But it states that, if it is replaced, at Hotpoint's discretion,
then not only does the warranty cease, which is fair enough, as the
new machine will have its own warranty, but that I would also be
liable for the unpaid remaining months of the contract period,
which seems daft. If I am not being covered, why should I pay?

Any thoughts, for or against? I can see that it is a contract, but
the replacement of the machine would surely break this?


What does a new machine cost, and how long should it last? How much
is that per year? This policy is £66 a year, undoubtedly more
expensive.

People should learn basic maths.


NT


I had already assumed that any such warranty was more likely to benefit
the company offering it rather than me. I have no intention of taking
it up, I was mainly interested in the part about the requirement to pay
unpaid premiums if they replaced the machine. I think Mike has the
correct answer.

--
Davey.

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Default Thoughts on Extended Warranty

Davey wrote:

Andy Burns wrote:

If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your
choice of many Hotpoint 7/8kg condenser dryers now ...


True. But not the question I posed.


But you should infer that I'd put the money towards a new one which will
be required eventually, rather than pay a warranty.



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Default Thoughts on Extended Warranty

On 09/01/2017 21:27, Davey wrote:
On Mon, 9 Jan 2017 12:51:44 -0000 (UTC)
Tim+ wrote:

Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month
Any thoughts

If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your
choice of many Hotpoint 7/8kg condenser dryers now ...



True. But not the question I posed.


The answer given implies the answer to your question. Which is don't.

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Default Thoughts on Extended Warranty

Davey wrote:
On Mon, 9 Jan 2017 12:51:44 -0000 (UTC)
Tim+ wrote:

Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month
Any thoughts

If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your
choice of many Hotpoint 7/8kg condenser dryers now ...



True. But not the question I posed.

Or even a proper gas one. ;-) Of course getting gas installed where
you want it might make it unviable.

Tim


Well, there is no mains gas in the village, so that's out. I don't know
if they even do Calor Gas dryers, an interesting thought. But I'm happy
with electric anyway.


Looking at the figures for heating, LPG is still way cheaper than
electricity. Dunno how it would compare with a heat-pump based electric
machine though. Installation cost (if you don't already have lpg would
rule it out I guess. LPG machines do exist though.

http://www.whiteknightrange.co.uk/wh...7kg-white.html

Tim

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On Mon, 9 Jan 2017 23:24:30 -0000 (UTC)
Tim+ wrote:

Davey wrote:
On Mon, 9 Jan 2017 12:51:44 -0000 (UTC)
Tim+ wrote:

Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month
Any thoughts

If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your
choice of many Hotpoint 7/8kg condenser dryers now ...



True. But not the question I posed.

Or even a proper gas one. ;-) Of course getting gas installed where
you want it might make it unviable.

Tim


Well, there is no mains gas in the village, so that's out. I don't
know if they even do Calor Gas dryers, an interesting thought. But
I'm happy with electric anyway.


Looking at the figures for heating, LPG is still way cheaper than
electricity. Dunno how it would compare with a heat-pump based
electric machine though. Installation cost (if you don't already
have lpg would rule it out I guess. LPG machines do exist though.

http://www.whiteknightrange.co.uk/wh...7kg-white.html

Tim


Interesting. We have 19kg bottles for cooking, but they are a fair way
from the utility room, so would need a fair bit of piping work. I really
can't be a....d.

--
Davey.

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Default Thoughts on Extended Warranty

Davey Wrote in message:
On Mon, 9 Jan 2017 23:24:30 -0000 (UTC)
Tim+ wrote:

Davey wrote:
On Mon, 9 Jan 2017 12:51:44 -0000 (UTC)
Tim+ wrote:

Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month
Any thoughts

If you'd stuffed a fiver a month in a shoebox since the machine's
original 1 year warranty expired, you could go out and have your
choice of many Hotpoint 7/8kg condenser dryers now ...



True. But not the question I posed.

Or even a proper gas one. ;-) Of course getting gas installed where
you want it might make it unviable.

Tim


Well, there is no mains gas in the village, so that's out. I don't
know if they even do Calor Gas dryers, an interesting thought. But
I'm happy with electric anyway.


Looking at the figures for heating, LPG is still way cheaper than
electricity. Dunno how it would compare with a heat-pump based
electric machine though. Installation cost (if you don't already
have lpg would rule it out I guess. LPG machines do exist though.

http://www.whiteknightrange.co.uk/wh...7kg-white.html

Tim


Interesting. We have 19kg bottles for cooking, but they are a fair way
from the utility room, so would need a fair bit of piping work. I really
can't be a....d.


Nah.
Get a dehumidifier & lose the tumble dryer altogether?
--
Jim K


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On Tue, 10 Jan 2017 22:33:41 +0000 (GMT+00:00)
jim k wrote:

Davey Wrote in message:
On Mon, 9 Jan 2017 23:24:30 -0000 (UTC)
Tim+ wrote:

Davey wrote:
On Mon, 9 Jan 2017 12:51:44 -0000 (UTC)
Tim+ wrote:

Andy Burns wrote:
Davey wrote:

We have a Hotpoint Dryer, six years old
I have received an offer from Hotpoint for an Extended
Warranty, which would cost me £5.15 per month
Any thoughts

If you'd stuffed a fiver a month in a shoebox since the
machine's original 1 year warranty expired, you could go out
and have your choice of many Hotpoint 7/8kg condenser dryers
now ...


True. But not the question I posed.

Or even a proper gas one. ;-) Of course getting gas installed
where you want it might make it unviable.

Tim


Well, there is no mains gas in the village, so that's out. I
don't know if they even do Calor Gas dryers, an interesting
thought. But I'm happy with electric anyway.


Looking at the figures for heating, LPG is still way cheaper than
electricity. Dunno how it would compare with a heat-pump based
electric machine though. Installation cost (if you don't already
have lpg would rule it out I guess. LPG machines do exist though.

http://www.whiteknightrange.co.uk/wh...7kg-white.html

Tim


Interesting. We have 19kg bottles for cooking, but they are a fair
way from the utility room, so would need a fair bit of piping work.
I really can't be a....d.


Nah.
Get a dehumidifier & lose the tumble dryer altogether?


No thank you.

--
Davey.

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