Don't Waste Money on Extended Warranties for Your …

For the vast majority of people, the answer is no. Consumer Reportssays it's "money down the drain." Here's the big secret: Repairing most items typically doesn't cost that much. The cost of a single repai… See more

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Are Buying Extended Warranties Worth It Or A Waste Of Money

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Sales of extended warranties have seen between 15% and 20% annual growth over the past 3 years. And there’s a good reason for retailers to push them: Extended warranties are mostly …

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Extended Warranties On Gadgets: When To Pay, When To Pass

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Oct 4, 2010 · Check the price of the item against the cost of the warranty. I remember buying a set of earbuds for $30 or so at a Radio Shack and being asked if I’d like to spend another …

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FAQs about Don't Waste Money on Extended Warranties for Your … Coupon?

Can you buy an extended warranty on a computer?

Unlike regular warranties, extended warranties are sold separately—which means you have to pay extra for them. There are even third-party companies whose only job is to sell extended warranties. You can buy an extended warranty on pretty much anything—toys, computers, headphones, even a pencil sharpener! ...

Is an extended warranty worth it?

From appliances to electronics, there seems to be an extended warranty for everything these days. While you’re more than likely to get a heavy sales pitch touting all the benefits when shopping, consumer advocates say these plans, which can cost hundreds of dollars depending on the product you’re covering, generally are not worth the money. ...

Should you skip the extended warranty on a laptop?

According to a recent Consumer Reports survey, most consumers are better off skipping the extended warranty for a laptop. The extra coverage rarely gets used for repairs. ...

Should you buy an extended warranty on electronics?

When it comes to electronic devices, we recommend researching extended warranties besides those offered in stores. You may get a better deal, better coverage, and better terms like prepaid shipping, fast service, and a replacement device or reimbursement for electronics that can’t otherwise be repaired. ...

Do extended warranties pay off?

Tales of extended warranties paying off certainly exist, but you are far more likely to find an expert opinion that states flat out: Saving up a little cash for a possible repair is a much smarter investment than actually purchasing the extended warranty. ...

Are extended warranties overpriced?

Extended warranties are overpriced, and they add up fast. Think about it: If you were to buy extended warranties for every device, appliance and machine in your home, that’s a lot of money you’re throwing away. But imagine if you saved that money instead? ...