Extended Warranty

[REWahoo]

I'm not PB4, but almost all credit cards offer the warranty extension. See this link for more details and a comparison of the fine print:

Compare credit card extended warranties

[Totoro]

As a rule of thumb to decide whether to get any insurance (which a warranty is).

Insurance companies on average charge you at least twice the amount of your actual risk.

So, only take insurance if one of two conditions are true

• You cannot afford the financial impact if something happens.
• OR you are reasonably sure that you have a higher risk than 75% of other insurees.

Examples of type I: catastrophical healthcare, fire insurance, liability, flood, kidnap & ransom ..

Examples of type II: living in a bad neighborhood with recent plague of car thefts (auto insurance), a pyromaniac is roaming the area (fire insurance). Or what REWahoo gives as an example.

Warranties for household appliances are a waste of money. I've seen profit margins of 80% and higher on them.

[Moemg]

Quote:

Originally Posted by Telly LG has not distinguished themselves in refrig reliability. I have experienced poor reliability on LG electronics, and had an awful time trying to get an LG cellphone repaired under original warranty by their US repair depot. And not satisfied with what I finally ended up with... someone else's scratched-up display and front face. And a phone that was programmed with someone else's service. What a mess. LG is on my "no how, no way will I buy their products" list. .

LG is also now on my no buy list besides the fact that their refrigerator died at 4 1/2 years their customer service is truly awful .They were rated highly by consumer reports . What a joke !

[ExFlyBoy5]

Quote:

Originally Posted by Moemg LG is also now on my no buy list besides the fact that their refrigerator died at 4 1/2 years their customer service is truly awful .They were rated highly by consumer reports . What a joke !

That's pretty much for most appliances. There are few manufacturers but lots of labels. The only name I do tend to trust is Samsung, but even that's a crap shoot.

It's all about consumerism...if you build a product that lasts 30 years, then no need to buy new. I firmly believe that 'planned obsolescence' is a real deal.

Sent From My Motorola Startac. Please excuse grammatical errors.

[Totoro]

Quote:

Originally Posted by FlyBoy5 It's all about consumerism...if you build a product that lasts 30 years, then no need to buy new. I firmly believe that 'planned obsolescence' is a real deal.

Somehow though Miele seems to be the one exception.