Question: Are Store Warranties Worth It?

How much does Best Buy extended warranty cost?

How much does Geek Squad Protection cost?Example cost of TV $1,299.99.2-year plan $169.99 (about $7.08/month)5-year plan $329.99 (about $5.50/month).

Should I buy laptop extended warranty?

Is an Extended Warranty Worth the Money? … Just save the money. A manufacturer’s express (limited) warranty is typically good enough that if something breaks down in a short amount of time, they’ll do you better than repair an item—they’ll might replace it completely. It’s always worth contacting the manufacturer.

What does the Best Buy protection plan cover?

Keep in mind that Geek Squad Protection often covers important repairs that your manufacturer warranty doesn’t (like failure due to a power surge). If something goes wrong after the original manufacturer warranty ends, Geek Squad Protection takes care of any qualified repairs.

Why extended warranties are a waste of money?

Well, the worst thing about an extended warranty is that it is overpriced. In fact, about half of what you pay goes to the salesperson’s commission. So a lot of the money you hand over doesn’t even go toward the purpose of the warranty, which is to pay for things that go wrong with the car over the contract period.

Is it worth getting Best Buy protection plan?

In my experience, these protection plans are only worth it if you’re spending over $1500 on the product. The price of the plans is often exorbitant and unnecessary. The employee might give you a “deal” on the protection plan, but read on to find out why that’s not the best for you, the customer.

Are warranties on tvs worth it?

Short answer: No! For years, electronics stores have boosted their profits by selling extended warranties to TV shoppers, sometimes using fear to make people think their sets will fall apart the day after the manufacturer’s warranty expires. But it’s not a good deal for the consumer and here’s five good reasons: 1.

Should I buy extended warranty?

This isn’t surprising, because extended warranties make a lot of money for those who sell them. … “On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180. I don’t recommend buying extended warranties, ever. If you can’t afford a $200 repair on a car, then you can’t afford the car.”

What does Dave Ramsey say about extended warranties?

Dave explains he is not a fan of extended warranties in general, and he especially dislikes used car warranties. ANSWER: I never recommend extended warranties. Used car warranties are especially bad, because they’re expensive.