Just when you think you've made all the required decisions, it's time for one more. Bad things happen to good people, you know. And you'd hate to have to pay all that money for repairs when this sweet little contract can give you all the protection you need.
Extended warranties are very profitable for sellers, and basically surefire losers for consumers.
After all, when you buy an extended warranty, you're buying an insurance policy. You're betting the product will break down, and the seller is betting it won't. Many companies train their salespeople to sell extended warranties as a way to reduce those feelings. But, in effect, consumers simply are buying a very expensive security blanket. Consumer Reports agrees.