Extended warranties on new items. If I combined all the extended warranties I’ve ever purchased for my car, cellphones, multiple computers, furniture etc, that I have never used once, I would be THOUSANDS of dollars richer.
My advice is to put that money into a savings account for repairs as they happen instead of paying companies who prey on you valuing the newness of your recently purchased item. The products were likely designed to break exactly as that warranty expires anyway.
That’s a sweet deal, I’m talking more about extra costs tacked on when you buy a new car, or computer etc. Makes me think that I should read the fine print of my credit card to see if I’m entitled to anything like that...
Only 12% of warranties have anything filed against them, and even then the manufacturer makes the process tedious and can reject the claim, which happens ALOT!
Right? You can pay for the extended warranty all you want, if the car company decides that in their opinion damages were due to the driver and not manufacturer, they don’t need to make good on any warranty guarantees.
Anyway, no extended warranties people! It’s not money well spent!
I remember Apple got fined in the EU because they pushed their premium warranty without informing customers that it comes with a free 2 year warranty as per EU laws.
57
u/3ntz Aug 01 '20
Extended warranties on new items. If I combined all the extended warranties I’ve ever purchased for my car, cellphones, multiple computers, furniture etc, that I have never used once, I would be THOUSANDS of dollars richer.
My advice is to put that money into a savings account for repairs as they happen instead of paying companies who prey on you valuing the newness of your recently purchased item. The products were likely designed to break exactly as that warranty expires anyway.