Agree with the above for the most part, but disagree that it's a bad idea to buy an extended warranty. I did extensive research on warranties and found that most people who experienced a repair during their coverage were very glad that they had an extended warranty, and recommended to others that they purchase one. Those who did not experience a repair did not. About 80% of extended warranty buyers experience a repair during their coverage. So ... you have an 80% chance of being glad that you had one. Convinced me. Having said that, it does make sense to find out whether the company providing your coverage is legitimate and secure ... one of the best ways to do that is to ask about third-party certification and awards, from companies like BBB, or category specialists like Motor Trend or J D Power.
Keep in mind that extended warranties are also routinely offered during the sale, or shortly after the sale of consumer goods other than automobiles. Many of the same considerations disccssed regarding auto extended warranties apply to warranties on consumer goods. Perhaps the biggest difference is that many of the vendors of consumer product extended warranties are separate companies than the manufacturer of the item. so it is very important to know who or what you are dealing with (that is, a company such as Ford Motor Company will not be standing behind the extended warranty on your refrigerator).
Understand that an extended warranty is essentially an insurance product, in the sense that the consumer is paying a premium at present for the promise of performance at a later time. Most states license and regulate legitimate extended warranty companies, including to ensure that they maintain sufficient levels of capital to sustain operations and to pay anticipated claims.
An extended warranty may be sold under a product name (for example, "Best Forever") but what is important is the identity of the entity that is financially responsible for the payment of warranty claims; it is that entity that has to be licensed. If an extended warranty is offered at the time that the product is sold, the store salesperson may not know all of these particulars. Do not be pushed into buying the warranty at that moment, as you will doubtless have the chance later to get one if you desire it. In the meantime, do the necessary homework, including contacting the state insurance regulator to make sure that the warranty provider is licensed, the number and nature of the consumer complaints that may have been filed against it, and how they have been resolved.
In my own personal opinion it is probably not the best to buy an extended warranty for your photocopier. You will probably want an updated photocopier before the warranty is up anyway.
yes incase your cooler dies.
A driver should consider buying an extended car warranty to keep their car under the warranty for a longer period of time. An extended warranty means that there is a longer window for the vehicle to be covered for free repairs or replacements if it has problems.
Yes in my opinion buying extended warranty is always recommended. You just gave good example of why you should buy. Its not that expensive but not that cheap either.
Penn warranty company.
There are many companies out there that can write you an additional extended warranty. Some of these companies are Vehicle Assurance Plan, AA Auto Warranty and Direct Buy.
Yes, if you are buying one of these expensive vacuums you should look into a extended warranty. Most stores where you can purchase them will offer this to you.
Yes there is an extended warranty plan for Dell computers. Most computer retailers offer some type of extended warranty at time of purchase which you can buy.
To buy an extended warranty on an electronic product, one should probably go to the store or retailer where one bought the products, and ask the customer service representatives if they have offers like that.
Having an extended warranty is a great idea. You can indeed purchase an aftermarket warranty for your SUV.
No. Different economists, including Harvard economist believe that extended warranty of tires is usually waste of money. This is because pro-rated warranty that comes from the manufacturer is enough to cater for the possible risks involved.
"You can purchase a Toyota extended warranty for up to 8 years, or 125,000 miles. The price depends on the length of the warranty, and how soon after your initial purchase you decide to buy the warranty."