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Are manufacturers extended warranties worth their cost?

Updated: 9/10/2019
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14y ago

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Typically not. Stick with the regular warranty that comes with your desktop, because frequently a computer will become outdated before the warranty runs out.

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Q: Are manufacturers extended warranties worth their cost?
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What is the Best Way to Get BMW Extended Warranties?

The best way to get an extended warranty is from the manufacturer of the car. You can get warranties from companies that do that but there are more regulations and usually will cost more.


How can I apply for automobile extended warranties online?

to apply for an extended warranty you will have to contact the manufacturer of your car to see if it is even eligible for a extended warranty and also the cost


What type of warranty does GE offer for its appliances?

There is typically a one year warranty on GE appliances. Yet, GE does offer extended warranties at an extra cost to the consumer. Most electronics stores offer their own extended warranties also.


What kind of warranty should I expect to buy with my appliances?

Most appliance manufacturers offer a 1,3 or 5 year warranty as part of the sale. Places like Sears, Home Depot and Best Buy offer their own Extended Warranties at a cost. Review the cost and details before agreeing to purchase such a plan.


Is it cost effective to purchase an extended warranty?

Generally, it is not cost effective to purchase an extended warranty. They are expensive and often exclude too many specific situations. Most warranties are sufficient because the need for repairs within the time frame of the warranty is quite rare.


Are automobile extended warranties a good purchase?

Very seldom. If you are buying a car with a good reliability record, then do not waste your money. If you decide to get an extended warranty, be very careful as there are some that are not worth the paper they are written on. Why extended warranties are a bad deal. 1. They Usually Cost More Than They're Worth 2. Warranty Work May Be Unreliable 3. The Warranty May Not Cover What You Think It Does 4. Warranty Underwriter May Go Out Of Business 5. The Extended Warranty May Overlap Manufacturer's Warranty 6. Under Law, It's Not Even A Warranty The Federal Trade Commission says consumers, before signing any extended coverage contract, should fully understand its terms and coverage. The agency also stresses that what consumers are actually buying is not an extended warranty but a "service contract." "A service contract is a promise to perform, or pay for, certain repairs or services. Although a service contract is sometimes called an extended warranty,' under federal law, it is not a warranty," the FTC said.


Car Warranty?

An extended car warranty, also known as a vehicle service contract or extended service plan, is a contractual agreement offered by a third-party provider or the car manufacturer to cover certain repairs and maintenance on your vehicle beyond the original factory warranty. While the original factory warranty typically covers defects in materials and workmanship for a specific time or mileage limit (often three years or 36,000 miles, but it can vary), an extended car warranty kicks in after the factory warranty expires. These extended warranties can vary in coverage and duration, and they are often customizable to meet the specific needs of the vehicle owner. Extended car warranties can cover a wide range of vehicle components and systems, including the engine, transmission, electrical systems, suspension, and more. Some warranties are comprehensive and cover nearly all major repairs, while others may have more limited coverage. It's important to carefully read and understand the terms and conditions of an extended car warranty, as they can vary significantly between providers. Additionally, consider factors such as the warranty cost, deductible, coverage limits, and the reputation of the warranty provider before purchasing an extended car warranty. Extended warranties can provide peace of mind by reducing the financial burden of unexpected repairs, but they may not be necessary or cost-effective for all vehicle owners.


When comparing extended warranties what should i look for?

In my opinion there are several important items to look for when deciding on a warranty. First is cost. Next is the length of coverage. And finally the rating of the company. For more information look here...http://www.consumerautomotiveresearch.com


Does Verizon Wireless offer insurance on cell phones bought in their stores?

Verizon Wireless offers extended warranties and insurance on cell phones bought in their stores. The cost will depend on the selection of the phone as well as insurance and warranty requirements.


What is the cost for an extended warranty for a Brother MFC-420CN bought at Walmart?

A Brother MFC-420CN is an all-in one printer designed for home or home office use. Because of all the components, it is important to purchase a warranty in case something malfunctions. If purchased at Walmart, 3 year extended warranties are available for $28.00.


Is it smart to get the extended warranty on a used vehicle?

It really depends on how much you're paying for the vehicle. Factors related to price are age of the vehicle and condition of the vehicle. If the vehicle is really not worth much to begin with, the cost of an extended warranty will not be worth your while. However, if the car is worth a lot of money, and you're paying a good price for it, it would be worth it to purchase the extended warranty if it's you can get a good price on that, as well. Consider it this way: do you want to pay for an extended warranty on a vehicle that isn't worth much to replace?


How do you find projected profit?

(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)