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A timely reminder from Consumer Reports...
As you start your holiday shopping, you can save hundreds of dollars by saying "no, thank you" to extended warranty offers. (snip!)
Consumer Reports estimates that Americans could save $1.6 billion dollars this year -- money you can spend on holiday gifts or just save for a rainy day. (snip!)
Extended warranties are great for retailers, but a notoriously bad deal for you. Our data shows that products seldom break within the extended-warranty window (typically around three years), and when electronics and appliances do break, the repair often costs about the same as the cost of the warranty.
Retailers give you the hard sell because they often make more money on the sale of an extended warranty than they make on the products themselves. That doesn't mean it's right for you.
Yes...I'm still aggravated....
Consumer Reports estimates that Americans could save $1.6 billion dollars this year -- money you can spend on holiday gifts or just save for a rainy day. (snip!)
Extended warranties are great for retailers, but a notoriously bad deal for you. Our data shows that products seldom break within the extended-warranty window (typically around three years), and when electronics and appliances do break, the repair often costs about the same as the cost of the warranty.
Retailers give you the hard sell because they often make more money on the sale of an extended warranty than they make on the products themselves. That doesn't mean it's right for you.
Yes...I'm still aggravated....