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Just say no to extended warranties.(appliances)(Brief article)
It's no surprise that appliance and electronics salespeople push extended warranties. Their stores make more percentagewise on the individual warranty sold than they make on the appliance. By one industry estimate, retailers make a 50 percent profit on any warranty they sell, versus less than a 10 percent profit on the appliance itself.
[ILLUSTRATION OMITTED]
About one-fifth of major appliance shoppers in our recent survey succumbed to the extended-warranty sales pitch. As a result, they paid more than they anticipated on something they didn't need
We have found that extended warranties aren't worth it for three main reasons:
...
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