Five Reasons Not To Buy An Extended Warranty

Five Reasons Not To Buy An Extended Warranty

http://www.consumeraffairs.com/news04/2005/extended_warranty.html

• They Usually Cost More Than They’re Worth
• Would it be cheaper to replace than to repair the product?
• Industry sources put the profit margin on consumer electronics extended warranties at between 40 percent and 80 percent.
  

• Warranty Work May Be Unreliable

The company holding the warranty,(not you), will determine who does the repair. This could be a subcontractor you had not planned on dealing with.

• The Warranty May Not Cover What You Think It Does

You gotta read the fine print of the service plan.

• Who is the Warranty Underwriter?

• What does it cover & how long does it last?