This argument has been argued the world over and the answer the best anyone can come up with is, it depends. This may be true, but most people pay for it because it is peace of mind. Look at what happened back in the day when CRT televisions were being sold at a premium and they didn’t really offer extended warranty plans and we still bought the television. Same goes for today. Here are a couple reasons why they aren’t worth it – for me.
I just recently bought a new television and during the checkout the service guy kept pushing me to buy the service plan. He said, ” We will replace your bulb if it breaks in the first 4 years or if ANYTHING goes wrong we replace the TV.” I countered with, “I already have a television that had an issue and all they did was call some electrician to come out and fix the issue. They never replaced it.” Then he goes on with a long list of buts. This is the first time I have ever been pushed to buy a service plan. To me, it wasnt worth it, the buld costs $125 on eBay and it is really simple to replace. I was happy that I made the purchase, but dealing with the store clerk was a pain in the ass.
Secondly, the extended warranty wasn’t really all it was cracked up to be. Yes you pay for 4 years extended warranty or even 2, but the fact of the matter is that the manufacturer gives you a one year ALREADY! You are technically only paying for 3 years or just one year! They want you to bring the product back in the first year so that they can cut costs by just sending back to the manufacturer! This is something you could have done! But, who’s to argue peace of mind. I say if you are really that paranoid about something breaking, you better get used to paying high premiums! If you feel comfortable doing it, then do it. To me, nothing is more valuable than peace of mind, but it’s much cheaper to go without
.
Blair Says:
December 12th, 2006 at 3:20 pmVisit Blair
Yeah, I agree – It’s getting to be really annoying to buy stuff at Best Buy. I really only see value in these things if the product you are buying is something that gets alot of wear-and-tear to begin with: aka anything that is by nature portable/can easily be dropped, etc. Otherwise, I figure if its a lemon, I’ll know in that first year. Also, most products that break aren’t really that expensive to fix with the manufact. even if you are off warranty. My ps2 died a few months back – way past any warranty – Sony gave me a new one for 50$.