I am debating this decision to buy or not buy. Many people tell me by the time you have problem with the appliance, it will be in the 6th year when your 5 year extended warranty has expired. Others including most salespeople, like to remind me that one repair for a fridge or some control board could cost you close to $1,000 to repair outside of warranty and that extended warranty cost will have been worth it.
Do you buy extended warranties on kitchen appliance - Fridge & Range?
- Thread starter peeler_feeler
- Start date
If your appliances are not super expensive, don't even bother. You can also use a credit card which adds an extended warranty for free.
If your appliances are very expensive, it's something to consider, depending on cost. It's like buying insurance.
I have never paid a nickel for extra warranty in my life, If it breaks down, buy a new one. By the law of averages, if you do not buy warranties on five items any need to buy a new item will be covered by your savings. I have been pretty lucky and never had a relatively new item break down.
Just do your research instead.
Last time a salesperson told me I should get an extended warranty, I asked why they were trying to sell me a defective product.
Last time a salesperson told me I should get an extended warranty, I asked why they were trying to sell me a defective product.
Employ the statistics. Manufacturers know the failure rate of their products. They know what is most likely to fail. Hence, the terms and conditions of the warranty. If say 3% of products fail, then 97% are trouble free. If a product has a high failure, consumers will avoid purchasing it no matter if there is a warranty or not. Also I understand there is legislation to protect consumers but I don't recall the details. Something like a product needs to be replaced/repaired by a manufacturer if it fails within 90 days. Retail Sales Act.
If a product has a good rating/reviews, the odds are good you won't need to purchase an extended warranty.
That's what warranties are about, your comfort level to gamble.
If a product has a good rating/reviews, the odds are good you won't need to purchase an extended warranty.
That's what warranties are about, your comfort level to gamble.
Extended warranties on almost all products are a scam and a huge revenue generator for the reseller. So much so that if you’re a sales person and you fail to keep your extended warranty sales up you will be looking for a new job as it is that important to a retailers bottom line.
I'm going to go against the grain and admit that I did buy the extended warranty on a mid-priced dishwasher recently. It was the first time that I've purchased an extended warranty.
My previous dishwasher only lasted me a few years.
The reality about most mid-level appliances nowadays is that they're not built to last... they're only built to last beyond the warranty period.
And replacement parts are not always available, even a short time after the appliance was produced. So the possibility of having to prematurely replace an appliance is pretty good.
Keep in mind that you would pay an appliance repair guy $70-100 just to come and give you his opinion on whether it's worth fixing.
So sometimes I'd rather pay a similar amount upfront in the form of an extended warranty and guarantee myself a longer warranty period.
I can't say whether it has paid off yet... ask me in a few more years.
I don't think that I would buy it all the time, though. It probably depends on the brand, the type of appliance, and what warranty the manufacturer has on key components.
The trick is remembering that you did buy an extended warranty, keeping all paperwork, and knowing how to contact the store in the event of a breakdown.
My previous dishwasher only lasted me a few years.
The reality about most mid-level appliances nowadays is that they're not built to last... they're only built to last beyond the warranty period.
And replacement parts are not always available, even a short time after the appliance was produced. So the possibility of having to prematurely replace an appliance is pretty good.
Keep in mind that you would pay an appliance repair guy $70-100 just to come and give you his opinion on whether it's worth fixing.
So sometimes I'd rather pay a similar amount upfront in the form of an extended warranty and guarantee myself a longer warranty period.
I can't say whether it has paid off yet... ask me in a few more years.
I don't think that I would buy it all the time, though. It probably depends on the brand, the type of appliance, and what warranty the manufacturer has on key components.
The trick is remembering that you did buy an extended warranty, keeping all paperwork, and knowing how to contact the store in the event of a breakdown.
A fridge with water and ice dispenser through the door usually causes issues, but I suspect it will happen after 5 years when extended warranty is expired. Also the gas range has a computer "board" to run the oven and I am told if the board goes you're looking at a huge expense to repair - over $800. Of course all this could be B.S. because the sales staff want their commissions. For 2 appliances warranty for 4 extra years above the one year manufacture is $500 + HST. I might take my chances and save the $500 for my first repair.
Your credit card may offer another 12 months warranty. I know my Capital One card does that.
Don't buy from Canadian Appliance Source - they take your order and say they have in stock then they come back and tell you it's not in stock and you have to wait like 60 days for your stuff.
Don't buy from Canadian Appliance Source - they take your order and say they have in stock then they come back and tell you it's not in stock and you have to wait like 60 days for your stuff.
No,
My credit card gives an extra year.
Every time they ask me, I ask them in return, so in other words you are now trying to sell me a piece of crap that will be useless after a year.
That usually puts an end to their mandatory sales pitch on extended warranties, and in all honesty is my view on it.
My credit card gives an extra year.
Every time they ask me, I ask them in return, so in other words you are now trying to sell me a piece of crap that will be useless after a year.
That usually puts an end to their mandatory sales pitch on extended warranties, and in all honesty is my view on it.
No.
It's a good idea to check with Consumer Report before buying a necessary kitchen item like a fridge or a stove...or a washing machine and dryer for that matter. I got lucky, I have some of my father's mechanical talent. When my fridge went down, I was able to fix the problem myself. The home garage was a big tool crib, when my father became terminally ill, I took what I needed.
It's a good idea to check with Consumer Report before buying a necessary kitchen item like a fridge or a stove...or a washing machine and dryer for that matter. I got lucky, I have some of my father's mechanical talent. When my fridge went down, I was able to fix the problem myself. The home garage was a big tool crib, when my father became terminally ill, I took what I needed.
I think it depends on the quality of the Brand that you are buying.
Everything is made in China.
I have had two friends who bought condos and most of their appliances broke down not long after the warranties expired. I think they were warrantied for 3 years.
Everything is made in China.
I have had two friends who bought condos and most of their appliances broke down not long after the warranties expired. I think they were warrantied for 3 years.
I was charged 250 to diagnose a fridge problem that ended up being the main board that costs a huge amount to fix - I paid the guy and told him to fuck off - I bought a new fridge - it did last 10 years with zero issues (GE Profile)
