2098: Is There Value in Buying an Extended Warranty? By Laurie Sepulveda
Optimal Finance Daily - Financial Independence and Money Advice
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What to Know Before Purchasing a Consumer Warranty
Extended warranties cost several hundred dollars per year, peanuts compared to the cost of a major system. You'll still have to pay a service call fee of somewhere around $75 to $125 each time a technician visits your home. There may be exclusions on some parts of your appliances, like electrical panels or doors. Most of the time it makes more sense to take the money you'd put into a warranty and set it aside for possible repairs and major replacements instead.
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