Extra warranty on product.. is it worth the $?

Canada
October 24, 2012 7:06am CST
With the holiday seasons coming up, including Black Friday for US and Boxing days in Canada, many are buying electronics. Stores are offering extended warranties beyond the 1 year manufacturing warranty for a price. The question is, do we really need the extra warranty. Is it really worth the money? I bought my Dell laptop 5 years ago. I bought 2 years extra warranty for it because my laptop was pretty expensive and the top line at that time. Before the end of 2 years, the monitor died. So I was lucky, monitor got replaced without extra $ because of the warranty. After the 2 years warranty, Dell offers another extended warranty with a hefty price. I didn't take it. The price of warranty is so expensive, I thought by 2 years, I can get a better laptop rather than paying warranty. Almost everything electronic now days are offered with extended warranty. How do we determine whether to buy this extended warranty or not? Any advice?
1 person likes this
3 responses
@mariaperalta (19073)
• Mexico
24 Oct 12
I only have bought those here in mexico at walmart. Being all american priced products here. I bought a few computers there. Each had 2 year warranties. But for just 16.00 they gave me 2 more years. I bought it. As it seemed cheap to me. So yes id pay the extra warranty. especaiilly on a high priced item. Take care there.
• Canada
25 Oct 12
I guess maybe it depends on the warranty price. If it is cheap and for big ticket item, it is worth to buy the warranty. A 2 years warranty for 16 is very cheap. But what happen if the warranty will cost a few hundreds dollar which is most of the case for TV, laptop, etc.
@silverfox09 (4708)
• United States
26 Oct 12
I have never buy extended warranty but luckily you did for your laptop at that time . I think if you are buying such as a n expensive dell then the first two year warranty would work out but I would not extend it after that because its pretty old by then anyways . I think you make the right decision , even though I am a person that never buy extended warranty .
• Puerto Rico
25 Oct 12
Yes. Trust me on this one. I bought a MacBook computer and didn't buy Apple care. After my warranty expired the computer's track pad and keyboard stopped working. Turned out to be the logic board which costs around $600. By the way, Apple care is the company's extended warranty. I learned the lesson the hard way.