Quote:
Originally Posted by Jester Molester
When you're buying a piece of electronics, the person pitching the extended warranty isn't doing so for your benefit, they're trying to get the bonuses that come with selling an extended warranty. Although there are exceptions, extended warranties are almost always a ripoff and are just a moneymaker for the store and salesman.
I think most people realize this b/c I never sold to many.
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I've read this in a few articles recently and am a bit surprised. I've recently purchased extended warranties for my video iPod and my PS2 when I bought it years ago. I ended up using my PS2 warranty about two years after buying it because it just wore out (the warranty cost $50) and I just sent my iPod in a month ago (~2 years after buying it) because the battery was really weak and it was shutting down randomly. This warranty also cost me about $50.
Do people buy warranties that are shorter than the life-span of what they're buying, do they lose their warranty slips/receipts? I've got a special shoe-box for mine.