Don't Buy An Extended Warranty On An Appliance Until You Have Watched This
Don't Buy An Extended Warranty On An Appliance Until You Have Watched This
If you are in the market to purchase an appliance and are thinking about purchasing an extended warranty, then i have come up with 10 things to consider before buying an extended warranty policy.
Brilliant vid
Ohh I’m so happy he uploaded, I find these topics so random yet so interesting and informative.
Thank you. Should I wait to take out an insurance (domestic and general) after the 1 year warranty expires?
I remember when I purchased my Miele washing machine, I was asked if I wanted an extended two year warranty. I refused. Thirteen years later, that same Miele washing machine is still in good working order. That’s because I knew I was paying for a well respected brand. Miele washing machines are heavy and built like a tank which required two guys to bring it in from the delivery lorry outside.
Companies offer extended warranties because it makes them money. They calculate that they will make more money from selling the policy than it will cost them to do the repairs. The appliance might never go wrong, the customer might forget that they have the policy or they might be able to wriggle out of paying because of something in the small print.
And if the companies are making money, that means that customers are losing money. Take a look through your house at all the things you have bought that have not gone wrong.
So the smart thing to do is to self-insure. Never take out an extended warranty on anything unless you can get it for free. Use the money you’ve saved to pay for repairs or replacements on anything that does break. I’ve been doing this for years and it has saved me a huge amount.
Wouldn’t buy one anyway, complete waste of money.
Does anybody ever do a quick bit of mental arithmetic before taking these policies out? They start at around £7 a month, that’s £84 a year, if the machine lasts 5 years you’ve paid £420. Had you just kept it, you’d have change out of that for a new machine.!
Don’t bother they are rubbish I had one for years and couldn’t claim when I needed to cheaper to buy new nothing these days are worth repairing. I personally would avoid especially with domestic and general 😡👎
Having to deal with the manufacturers warranty could be a huge pain in the ass. If they come out and fix it it’s not in a timely manner if they agree to fix it at all.
when a company does not stand behind its hardware with a good guarantee it just shows they dont trust their own craftsmanship and you should not either.
i always buy a good make with a five year warranty and double check the small print , great video
some solid advice here, thank the lord electrical!
Tyvm! Excellent video and helpful information!!!
Thanks for the videos mate, learned alot from you
I never do, expensive, was let down, better to risk having to pay! Saved a lot of money over the years, better to replace! Spend guarantee money on a new appliance! Good video.
Great advice mate thank you for your service