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  • Will You Add? - The Danger Of Extended Warranties

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    clue regarding my next piece of advice. DON’T TOUCH THEM! AAAARRGGHHH! NEVER! DEATH TO EXTENDED WARRANTIES! They’re a blatant waste of money. The very fact that the retailer makes so much profit from these extended warranties means that they’re a waste of money for t
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    Consumer insurance, extended warranties. You know, these expensive insurance policies that they pressurize you into buying, just as you’re standing at the checkout before the transaction goes through.

    Normally, if your new piece of household gadgetry breaks within 1 year, the manufacturer will repair or replace it free of charge. But if it breaks after 14 months, it's your problem. You have to pay for it to be fixed, or (more likely) pay for a new one.

    So when you have the chance to extend the cover in return for a 'small' premium, the offer sounds rather tempting. I expect the retailer hopes that you’ll be so keen to get your latest purchase home, that you’ll just say yes and pile it onto your credit card.

    And why do retailers sell these warranties? Is it out of the goodness of their hearts to prevent the poor customers being left with a two year old television that explodes and cannot be repaired? No, it’s because they make a damn good profit on the commission they get from the insurance company for selling these policies.

    And that gives a clue regarding my next piece of advice. DON’T TOUCH THEM! AAAARRGGHHH! NEVER! DEATH TO EXTENDED WARRANTIES! They’re a blatant waste of money. The very fact that the retailer makes so much profit from these extended warranties means that they’re a waste of money for th
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    n 1 year, the manufacturer will repair or replace it free of charge. But if it breaks after 14 months, it's your problem. You have to pay for it to be fixed, or (more likely) pay for a new one.

    So when you have the chance to extend the cover in return for a 'small' premium, the offer sounds rather tempting. I expect the retailer hopes that you’ll be so keen to get your latest purchase home, that you’ll just say yes and pile it onto your credit card.

    And why do retailers sell these warranties? Is it out of the goodness of their hearts to prevent the poor customers being left with a two year old television that explodes and cannot be repaired? No, it’s because they make a damn good profit on the commission they get from the insurance company for selling these policies.

    And that gives a clue regarding my next piece of advice. DON’T TOUCH THEM! AAAARRGGHHH! NEVER! DEATH TO EXTENDED WARRANTIES! They’re a blatant waste of money. The very fact that the retailer makes so much profit from these extended warranties means that they’re a waste of money for t
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    premium, the offer sounds rather tempting. I expect the retailer hopes that you’ll be so keen to get your latest purchase home, that you’ll just say yes and pile it onto your credit card.

    And why do retailers sell these warranties? Is it out of the goodness of their hearts to prevent the poor customers being left with a two year old television that explodes and cannot be repaired? No, it’s because they make a damn good profit on the commission they get from the insurance company for selling these policies.

    And that gives a clue regarding my next piece of advice. DON’T TOUCH THEM! AAAARRGGHHH! NEVER! DEATH TO EXTENDED WARRANTIES! They’re a blatant waste of money. The very fact that the retailer makes so much profit from these extended warranties means that they’re a waste of money for t
    Golf Games
    Golf is a game that originated in Scotland, but is played throughout the world. Golf is an international game today and there are worldwide championships for professional golf like the Masters, the Open Championship, the US Open and the PGA Championship. Golf is generally considered to be an elite game, but there are many kinds of golf games that can be played by anyone.It is played by hitting a ball with a club from the ground into a hole. There are certain rules applicable for playing golf. It is played in a golf course that is designed
    eir hearts to prevent the poor customers being left with a two year old television that explodes and cannot be repaired? No, it’s because they make a damn good profit on the commission they get from the insurance company for selling these policies.

    And that gives a clue regarding my next piece of advice. DON’T TOUCH THEM! AAAARRGGHHH! NEVER! DEATH TO EXTENDED WARRANTIES! They’re a blatant waste of money. The very fact that the retailer makes so much profit from these extended warranties means that they’re a waste of money for t
    If You Want Business - Be Consistent
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    clue regarding my next piece of advice. DON’T TOUCH THEM! AAAARRGGHHH! NEVER! DEATH TO EXTENDED WARRANTIES! They’re a blatant waste of money. The very fact that the retailer makes so much profit from these extended warranties means that they’re a waste of money for the consumer.

    Buying a four year extended warranty can often add as much as 40% to the cost of the item. So a TV with a ticket price of $2000 could cost $2800 with a four year extended warranty. $800 extra!! And how often do electrical goods breakdown between the end of the manufacturers’ one year warranty and the end of a four year extended warranty?

    Well certainly no more than 40% of the time. If they did, the cost of the cover would be even higher to allow the insurer and the retailer to make a profit. So here is what I suggest you do.

    Refuse to pay the inflated price for any extended warranty and, if you’re the cautious type, save the money that the warranty would have cost you in a bank account. (The checkout assistant will even ‘tell’ you how much you need to put away to do this! Isn’t that nice of them?).

    Then, if your purchase breaks down after the manufacturers’ guarantee is over, you’ll have the money (plus the interest that it has earned) ready to buy a replacement. But here’s the best bit….if nothing goes wrong with the equipment, y

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