Quote:
Originally Posted by ken0042
Do you mean "should I buy the extended warranty?" or did you find a place that will sell you the TV with no warranty?
If it's the former, then here's my advice. An extended is like insurance; buy it if you cannot afford to replace/fix the item if it breaks. I have collision insurance on my car because I cannot afford to pay the money to replace the car if I get into a fault accident.
That being said, extended warranties are a huge cash grab for the retailers. So use that to your advantage, and negotiate the heck out of the TV. If you can weasle them down to a net cost of $100 to go from 1 year to 5 years, then I would do it.
If 5 years is going to cost you $700, then I wouldn't.
Also get anything the salesperson tells you about the plan in writing.
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I'm a Certified Financial Planner who handles client questions on all kinds of money topics. This is exactely what I tell my clients. Good advice.
Extended warranties are a big money-maker for the sellers. Buy insurance on the big things that would crush you financially, like the chance you could have a car accident and kill yourself, but not the little things where you're essentially self insured.
That's the best advice. I hate extended warranties. In fact, I've told salesmen that if they even mention the EW, the deal is off and I'll elsewhere. What can I say? I feel strongly about these things.