Extended Warranty Plans

BAD services & products to avoid
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thrice
Posts: 14147
Joined: Thu Dec 07, 2006 10:28 am

Extended Warranty Plans

Post by thrice » Sun Aug 09, 2009 10:27 am

http://www.usatoday.com/money/industrie ... anty_N.htm

Article shows that extended warranty plans rarely justify their cost, and buyers are better saving up their own money for repairs in most cases.

citizenx
Posts: 2027
Joined: Tue Nov 25, 2008 6:09 pm
Location: northeast metro

Post by citizenx » Sun Aug 09, 2009 1:37 pm

Not to mention the fact that some extended warranties weasle out of doing their job when the time comes to pay up.

We have a maytag dishwasher and bought the maytag "dependability plus" extended warranty with it. After several repairs for the same problem - one the repairman said he sees all the time - the company said we had exceeded the pay-out limit and they would not cover anything more. Then to add insult to injury, they keep mailing us requests would we like to re-up.

The "plus" in dependability plus must be plus to their bottom line.

We're not going to buy anything from Jenn-Air/KitchenAid/Maytag/Whirlpool ever again.

A better way to go is to buy the appliance warranties from your utility company. Nice to have one number to call for a variety of item repairs, and to know it will get fixed as long as you keep paying the monthly fees.

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