As Holiday Shopping Approaches, Let’s Look At Extended Warranties

It’s the part of the big CE purchase that you dread; the pitch to buy the Extended Warranty. It’s a big business ($15 Million in 2004).  Many of you have learned to “just say no”, but should you always do that?

The Washington Post took a very in-depth look at extended warranties, the numbers, and what they mean for the consumer.  Well worth the read if you have ever bought one, or think you may be making a big CE purchase in the future.  Not to be outdone, the NYTimes has also done a story on warranties.  The link is here.  Their take: “Don’t Bother”.

In the interest of being “Fair and Balanced”, you should also read two posts that Gizmodo has published on the subject.  This one reports the WP article and contains an insightful poll.  This one reports on the NYT article and argues in favor of extended warranties on big ticket purchases.

Image via Washington Post

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