extended warranty on TV? (worth it?)

Think of an extended warranty as an insurance policy. Do you complain
that you "wasted" the collision component of your car insurance premiums
if you never had a collision?

But shop around. Different vendors may have different warranties with
differing benefits and differing prices. The manufacturer's extended
warranty (if available) may be the best deal of all.

Perce


On 01/12/05 06:28 pm Beowulf tossed the following ingredients into the
ever-growing pot of cybersoup:

I am ready to buy a $2100 widescreen TV (Samsung DLP 50") online. Is it
worth it (advisable) to pay another $300 for the extra 3 year extended
warranty? Factors to consider I guess are will the company I buy it from be
in business in 2-3 years if and when the TV has problems and needs warranty
servicing, as well as how cheap the TV might be in 2-3 years as prices
fall. In 2-3 years the TV will likely need a new $300 bulb/light, so if the
TVs then are down to $999, factor in $300 for a replacement bulb plus the
$300 extended warranty plus $100 lost interest on the $300 and I am out
$700 versus perhaps being able to buy a new TV for $999 in 2-3 years.
Feeling unsure what to do. Thoughts? Advice?

Beowulf wrote:
I am ready to buy a $2100 widescreen TV (Samsung DLP 50") online. Is
it
worth it (advisable) to pay another $300 for the extra 3 year
extended
warranty? Factors to consider I guess are will the company I buy it
from be
in business in 2-3 years if and when the TV has problems and needs
warranty
servicing, as well as how cheap the TV might be in 2-3 years as
prices
fall. In 2-3 years the TV will likely need a new $300 bulb/light, so
if the
TVs then are down to $999, factor in $300 for a replacement bulb plus
the
$300 extended warranty plus $100 lost interest on the $300 and I am
out
$700 versus perhaps being able to buy a new TV for $999 in 2-3 years.
Feeling unsure what to do. Thoughts? Advice?

Every time you're tempted to buy an extended warranty, put the money in
a savings account instead.

After a few years of buying TVs and camcorders and computers and
refrigerators and washing machines, there will be thousands of dollars
in the account. You will be able to pay for any repairs you need, and
probably send your kids to college too.

Seriously. Why lose sleep over choosing which particular item to insure
(always gambling that the insurer will come through at crunch time)?
Just start a fund and be your own insurance carrier.

RichC

"Percival P. Cassidy" wrote in
:

Think of an extended warranty as an insurance policy. Do you complain
that you "wasted" the collision component of your car insurance
premiums if you never had a collision?

In most cases, Car insurance is required by law.

If it weren't, I'm sure most people would consider collision insurance a
waste of money.

But shop around. Different vendors may have different warranties with
differing benefits and differing prices. The manufacturer's extended
warranty (if available) may be the best deal of all.



--
Lucas Tam )
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Lucas Tam wrote:
In most cases, Car insurance is required by law.

If it weren't, I'm sure most people would consider collision insurance a
waste of money.

Collision insurance isn't required by law. It very often is required by
the lending institution but if the car is paid for, collision is
optional. Liability insurance is required by most states and provinces.

David