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Extended warranty? Ho, ho, no!(Up front: news / trends / advice)(Brief Article)
At this time of year, salespeople are apt to offer peace of mind and good will in the form of an extended warranty. But such warranties--about $60 to $300 for three years' coverage, depending on the product--are rarely a good investment. The main reason: Most big-ticket items are very dependable. For example, only 8 percent of analog camcorders, electric ranges, dishwashers, and top-freezer refrigerators were repaired in their first three years, according to 38,000 CONSUMER REPORTS readers surveyed in 2000.
The odds are heavily stacked against your collecting on an extended warranty. In fact, the operating profit margins on such warranties are nearly 70 percent, vs. 10 percent on the products they cover, says Laura Champine, a consumer products ...
- Savvy Consumer: Think twice before buying an extended warranty.
- Newspaper article from: Knight Ridder/Tribune News Service McUsic, Teresa December 22, 2003 700+ words
...to buy an extended warranty. A study...readers of Consumer Reports a few years...warranty. So an extended warranty duplicates...lose their extended-warranty contracts...payoff. Consumer Reports says only...
- 'Would you like an extended warranty with that?'.(Knight Ridder Newspapers)
- Newspaper article from: Knight Ridder/Tribune News Service Gelles, Jeff December 24, 2001 700+ words
...to the extended warranty. The sales...folks at Consumer Reports, who have...likely, says Consumer Reports senior editor...the average extended warranty cost $85...according to the Consumer Reports survey...
- Beyond the Hype: HDTV a Pretty Picture With Consumers; Consumer Reports Survey...
- News wire article from: AScribe Business & Economics News Service October 3, 2005 700+ words
...WARRANTIES FOR TVS Consumer Reports advises that an extended warranty doesn't...consider an extended warranty. Consumer Reports data suggest...who want an extended warranty, it almost...purchase. Consumer Reports recommends...
- Consumer Reports Auto-Buying Experts Help Shoppers Get the Best Deal With 2 Key...
- Press release article from: Business Wire March 10, 2003 700+ words
...document. (6) The Mandatory Extended Warranty - The finance manager says you must buy an extended warranty. The bank requires it...typically don't require an extended warranty, and Consumer Reports does not recommend buying...
- Consumer Reports Rates Online Stores as Best Places to Buy Electronics;...
- News wire article from: AScribe Business & Economics News Service November 3, 2005 700+ words
...Make the purchase. Consumer Reports suggests that shoppers...80 percent profit. Consumer Reports advises against extended...when to consider an extended warranty. The December 2005 issue of Consumer Reports goes on sale Friday...
- Start the Year Right: Consumer Reports Offers Healthy Advice on Multivitamins,...
- News wire article from: AScribe Health News Service January 9, 2006 700+ words
...any of the treadmills Consumer Reports tested should suffice...to take a beating, Consumer Reports recommends looking...consider buying an extended warranty. The February 2006 issue of Consumer Reports is on sale now wherever...
- EXTENDED WARRANTY A RIP-OFF?
- Newspaper article from: The Record (Bergen County, NJ) MARILEE LOBODA BRAUE, Staff Writer February 27, 1994 700+ words
...County, NJ) 02-27-1994 EXTENDED WARRANTY A RIP-OFF? By MARILEE...heard a pitch to buy an extended warranty or service contract, whether...you're considering an extended warranty or service contract, be...way to check is through Consumer Reports magazine, which surveys...
- EXTENDED WARRANTY MAY NOT BE WORTH IT.(Living)
- Newspaper article from: Albany Times Union (Albany, NY) December 27, 1991 700+ words
...to sell you an extended warranty. These warranties...might mention an extended warranty that goes far beyond...which publishes Consumer Reports magazine, earlier...review copies of any extended warranty or maintenance...
