Yes they're worth it. They're still a bit of a ripoff, but still worth it.
Yeah, I know. Personally, I've never had warranty expire just before something went wrong. Warranties are just insurance. Think of the things you already have insurance for... cars (but I've never been in an accident), homes (still standing after many years), health (maybe a little flab around the middle!). BUT... if something goes wrong, the premiums suddenly seem insignificant.
As a former electronics salesman, I mean "associate", we were CONSTANTLY pressured by all levels of management to push the warranties. The reason is simple: they make the company (as well as the vendors and manufacturers) money! We were offered spiffs and bonuses based on the number of warranties that we sold. If we didn't offer it, we got in trouble. Of course, the customer would ask (I hope!) if it was really worth it... I'd tell them my TRUE story...
I bought a superduper Sony amp/receiver/VCR a few years ago, and my associate offered the warranty. Since I had just laid out 500 fat ones, the extra cost of a 3 year warrnty I just considered an investment protection, yeah, like insurance in case something went wrong. About a year later, the VCR part of the Sony quit. Warranty fixed everything... parts, labor, shipping. The next year, the whole thing died when a couple of speaker wires touched wreaking much havoc inside. Warranty fixed everything. Cost of the warranty? $120. Total cost of both repairs? $160 for the first, and over $300 for the second one. At the time I wasn't making a lot of cash, and my Sony was my baby, pride, and joy. I could NEVER have afforded either repair, and definitely couldn't buy another one. I still have the Sony and it's working fine.
Today, each purchase that offers a warranty, I might buy it, or I might not. I look at the cost of the item, knowing that all electronics are uber-expensive to repair, and decide. General rule is: the more parts there are to fix, and the more expensive the item, the greater chance I'm dropping cash on the warranty. I take it on a case-by-case basis ("what would it cost to fix this sucker?").
Just bought a $700 dSLR camera. They don't break often, it has lots of parts, it's expensive. This time, I flipped a coin. Heads. Three year warranty. Same for the new $2000 laptop. Just like insurance, I hope I never have to use it.
Was this reply helpful? (0) (0)