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Old 01-08-2012, 12:38 PM
 
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Buying a bunch of appliances from PC richards (oven, washer, dryer, etc) and they offer 10 year extended warranty. Looking for opinions on this. For some items it might be feasible but for others it seems like a waste of money. Anyone have any experience purchasing these warranties?
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Old 01-08-2012, 12:42 PM
 
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In a word, no. They push them on you because they have extremely high profit margins.
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Old 01-08-2012, 12:46 PM
 
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Quote:
Originally Posted by Volcube View Post
Buying a bunch of appliances from PC richards (oven, washer, dryer, etc) and they offer 10 year extended warranty. Looking for opinions on this. For some items it might be feasible but for others it seems like a waste of money. Anyone have any experience purchasing these warranties?
They are worth it.
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Old 01-08-2012, 01:18 PM
 
1,462 posts, read 4,417,842 times
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Quote:
Originally Posted by Volcube View Post
Buying a bunch of appliances from PC richards (oven, washer, dryer, etc) and they offer 10 year extended warranty. Looking for opinions on this. For some items it might be feasible but for others it seems like a waste of money. Anyone have any experience purchasing these warranties?
Might want to consider how much the warranties cost vs. covering them under PSE&G.

Also, depending on the credit card you use, the warranty may be extended. Look at your credit card terms to see.
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Old 01-08-2012, 01:26 PM
 
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Clark Howard claims they are a rip off and says never to buy one.
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Old 01-08-2012, 01:28 PM
 
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Never buy them from the store where you bought them. For appliances, buy extended warranties from Squaretrade (they're cheaper and better). For other products, such as electronics, don't bother.
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Old 01-08-2012, 02:37 PM
 
15 posts, read 76,125 times
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Thanks for quick replies. Right now just looking at appliances specifically, oven, dishwasher, microwave, refrigerator, washer and dryer.
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Old 01-09-2012, 09:30 AM
 
Location: West Orange, NJ
12,545 posts, read 20,053,731 times
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Quote:
Originally Posted by Volcube View Post
Buying a bunch of appliances from PC richards (oven, washer, dryer, etc) and they offer 10 year extended warranty. Looking for opinions on this. For some items it might be feasible but for others it seems like a waste of money. Anyone have any experience purchasing these warranties?
if you pay with american express (and some others), they automatically extend manufacturer warranties by 1 year. i bought the warranty on my w/d from home depot, but only because it was $99 for 4 years. probably not worth it, but cheap enough that i didn't care.
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Old 01-09-2012, 09:38 AM
 
Location: NJ
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has anyone used a warranty successfully? i never buy them. im willing to risk it and i feel like if i ever needed to take advantage of a warranty i would be denied for whatever reason.
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Old 01-09-2012, 09:41 AM
 
Location: West Orange, NJ
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Originally Posted by CaptainNJ View Post
has anyone used a warranty successfully? i never buy them. im willing to risk it and i feel like if i ever needed to take advantage of a warranty i would be denied for whatever reason.
i worked at circuit city when i was in high school/college. the warranties aren't horrible, if something goes wrong. but they are very very high profit for the company.

essentially - if something is going to go wrong, it usually happens as a result of a defect - under manufacture warranty. once you're 1, 2, 3 years out - it's not likely to have anything happen. i guess it depends on what the warranty includes. i'd opt to not get the warranty on most things i purchase.
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