If you are in the market for new appliance, electronic, cell phone, whatever, you have probably had the salesperson give you a small lecture on the importance of buying an extended warranty for your new purchase. Don't fall for it! Extended warranties hardly ever get used. The companies that sell them know this already. This is just an extra ploy to get more money out of you.
Some extended warranties require you to pay a deductible to get the benefit of the warranty. What is the point of a warranty if you have to pay for it up front and then again if you want to use it?
The prices for an extended warranty is usually over-inflated. The value of your item will likely depreciate to the point that using the warranty would not be cost-effective.
