As usual, you have to think before making this decision
I always buy extended warranty's for laptops because they always break at some point or another and laptops are always very expensive to fix. I bought a 4 yr Mack warranty for $250 for my crappy Toshiba Satellite 1955-S803 which subsequently over the years required in EXCESS of $1500 in repairs (including the mother board once, the HD 3 times, 1 screen replacement, 1 screen bulb fix, and a case replacement which they have now sent out rebate forms for because it was such a problem....5 years later)!!!!!!
Now I'm looking at Camcorders. I see a lot of warranties being offered. I'm looking to spend in the area of $500 and Mack has them for $45-$55 while others have them for up to $200 (for 4 yrs)!!!!
Who in their right mind would pay $200 on a warranty for an item that costs $500? Sure the more expensive ones pay for shipping, but I try to buy reputable brands that shouldn't break down that often. I can't imagine it ever being possible that the $200 warranty will ever make up the $150 extra I would have to spend it for shipping costs. Moreover, (I've only had experience with Mack and Dell, and of course Dell is the leader in warranty exploitation) but with Mack, they did have local service centers that I could go to.
I'll pay an extra 10-15% (15% TOPS) for an extended warranty on an expensive item that lasts an additional of at least 3-4 years. But to pay upwards of 40%??? Those people have got to be out of their minds. And "NO! I do not want a 3 yr warranty for my $100 speakers for 'just' $39.99"
That being said, be warned. Often times if you see a really good low price for an item, be sure they will make it up in accessories such as warranties.Make sure if you are buying an item that might have a high failure rate (such as a camcorder since it is being transported so often) check a variety of price ranges plus the warranty to see how it all adds up.
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