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Extended Warranty - $1.6 Billion Scam
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Post Extended Warranty - $1.6 Billion Scam 


According to the Consumer Reports, most extended warranties are not worth the money. Most electronics we buy these days don't break down that easily. The warranties sold last years amounted to $1.6 billion. Retailers make more money from warranty sales than the actual products.

Best Buy is especially aggressive about selling you a worthless warranty. I bought a $15 phone a few months ago. I was asked at the checkout whether I wanted a warranty for it. I said "No.", then the cashier asked me why, to my surprise. Rolling Eyes

For 2 items, Consumer Reports recommends buying an extended warranty, one for plasma TV and the other for Apple computers. I'd add that if you buy a laptop, you should get the best warranty you can afford. Repairing laptops is very expensive. Laptops are much more susceptible to damages than people think. If you ever need to make one repair service call during the warranty period, you get your money's worth.


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