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Extended warranty for appliances #947477
11/12/18 12:52 PM
11/12/18 12:52 PM
Joined: Aug 2004
Posts: 1,291
South West Ohio
S
sportster Offline OP
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sportster  Offline OP
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Posts: 1,291
South West Ohio
How many of you buy the extended warranty's for new refrigerators and stoves? I'm thinking about buying a new one of each since everyone has them 40% off right now. Both of ours work fine so I'm a little hesitant due to the reviews that even the good ones get.

Re: Extended warranty for appliances [Re: sportster] #947478
11/12/18 01:13 PM
11/12/18 01:13 PM
Joined: Jan 2004
Posts: 53,515
The Indianhead's Left Nostril....
CabinConnection Offline
Bigfoot
CabinConnection  Offline
Bigfoot
Carpal Tunnel

Joined: Jan 2004
Posts: 53,515
The Indianhead's Left Nostril....
Originally Posted By sportster
How many of you buy the extended warranty's for new refrigerators and stoves? I'm thinking about buying a new one of each since everyone has them 40% off right now. Both of ours work fine so I'm a little hesitant due to the reviews that even the good ones get.


Never.

Re: Extended warranty for appliances [Re: sportster] #947479
11/12/18 01:15 PM
11/12/18 01:15 PM
Joined: Feb 2005
Posts: 3,484
Hudson Valley, New York
bilvihur Offline
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bilvihur  Offline
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Hudson Valley, New York
Read this previous thread.

Re: Extended warranty for appliances [Re: bilvihur] #947483
11/12/18 03:41 PM
11/12/18 03:41 PM
Joined: Aug 2004
Posts: 1,291
South West Ohio
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sportster Offline OP
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sportster  Offline OP
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South West Ohio
I read that post and see that $'s/year could be the deciding factor.

Most of the issues I see with the refrigerators is the ice makers which is a big deal to me since I use a lot of ice.

Re: Extended warranty for appliances [Re: sportster] #947520
11/13/18 03:30 AM
11/13/18 03:30 AM
Joined: Sep 2003
Posts: 12,850
Ont Canada
jeff1 Offline
Carpal Tunnel
jeff1  Offline
Carpal Tunnel

Joined: Sep 2003
Posts: 12,850
Ont Canada
Hi,

JMO!

I think they are a good idea today...of course depending on the cost and length of time.

jeff.

Re: Extended warranty for appliances [Re: jeff1] #947840
11/19/18 08:54 PM
11/19/18 08:54 PM
Joined: Aug 2004
Posts: 1,291
South West Ohio
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sportster Offline OP
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sportster  Offline OP
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Joined: Aug 2004
Posts: 1,291
South West Ohio
Thanks Jeff!

I know I need to weigh the cost/time. For how much these things cost now days you can buy a decent car!

Re: Extended warranty for appliances [Re: sportster] #947843
11/19/18 09:38 PM
11/19/18 09:38 PM
Joined: Jan 2004
Posts: 53,515
The Indianhead's Left Nostril....
CabinConnection Offline
Bigfoot
CabinConnection  Offline
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The Indianhead's Left Nostril....
I've mentioned this before but here it is again. And as background, I spent nearly 25 years working for a major manufacturer, part of which was developing warranties. In addition, I worked with and have all kinds of personal ties in the automotive aftermarket. And while the specific industries are a bit different from "appliances", the principles are universal...

Manufacturers (and really anyone who offers extended warrantees) SELL them as an additional profit/revenue generating source. They do NOT offer them because they are good people and want to help the consumer. They are preying on a buyer's insecurities and fear of the unknown.

Insurance companies are there TO MAKE A PROFIT. Nothing more, nothing less.

Think about it... If the odds were in "your" favor, paying out on the insurance would be a net expense for the insurer. Why would they do that?

Just say'n...

Re: Extended warranty for appliances [Re: CabinConnection] #947855
11/20/18 01:05 AM
11/20/18 01:05 AM
Joined: Dec 2003
Posts: 55,208
Huntsville AL
Able_Dog Offline
Carpal Tunnel
Able_Dog  Offline
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Joined: Dec 2003
Posts: 55,208
Huntsville AL
Originally Posted By CabinConnection
Originally Posted By sportster
How many of you buy the extended warranty's for new refrigerators and stoves? I'm thinking about buying a new one of each since everyone has them 40% off right now. Both of ours work fine so I'm a little hesitant due to the reviews that even the good ones get.


Never.


I agree, why do they push extended warranties so hard? Because they are money makers. Only one I can remember buying, I bought a Sony TV and it was a floor demo and a year old. Got a VERY good price on it and the gal offered me a 5 year extended warranty for $100. I went for it because it was a floor demo and the price I got. While I was rooting for it to [censored] out in the last year it kept chugging along. It was still working fine when I sold it a few years later.


Moderated by  CabinConnection, Ernie 


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