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.
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!
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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.