Quote:
Originally posted by EnKayEs
If you buy something at a store that offers some sort of extended warranty, get the warranty! Most times than not, you can trade in your product for something better for a few dollars more. This worked for me when i bought my ps2....near the end of my extended warranty i took my ps2 back, and not only did i get a new one, but i had an extra $100 to spend because of the price difference from now and then.
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I think the extended warranty is a good idea if the item is something you intend to return. I never buy the extended warranty on a refrigerator or other major appliance as I have no intention of returning it for another model. I have purchased the extended warranty on cordless phones. I found out by accident that if the phone goes bad before the extended warranty expires the store (in my case Sears) will refund the full paid price including tax, minus the cost of the extended warranty. To put it another way, I rented the phone for over 2 years for $15 and with the refund was able to purchase a better phone for a lower cost, thus getting a cash refund. Of course I purchased the extended warranty on the replacement phone as well. I'm not sure how other retailers manage extended warranties, but if they handle them the same way Sears did I plan on including them with my purchase more often. Most important, hold on to all recepits and evidence of extended warranty otherwise you are screwed because the store won't keep a record of it for you.