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#4639078 - 01/18/18 06:02 PM Should I buy an appliance extended warranty?
5AcresAndAFool Offline


Registered: 12/18/16
Posts: 421
Loc: Indiana
I HATE extended warranties. Hate them. Don't buy them. I will work on stuff myself, I dont care. Extended warranties are high profit items.

But....After my 2 year old MAYTAG dish washer debacle. I have considered buying and extended warranty on the next unit we buy.

Lowes has a 5 year extended warranty on a Bosch unit we are considering for 140 bucks. Its a fools bet in the warranty companies favor, but on this JUNK Maytag I bought the extended warranty would have made sense since its a junk garbage unit IF it did not have an unfix-able design defect.

Now even if I fixed it or a service company fixed it, it would still have an unfix-able design defect so unless I want it spewing steam between my dishwasher and the cabinet, We would have to replace it anyway, so would the extended warranty really have helped? No. Its just a junk design.

So do I or dont I?

Extended warranties tick me off. Id rather pay that much more for the unit if it used better parts and wasn't a junk design.

Am I being stupid by not buying an extended warranty? The manufacturers warranty is 1 year...


Edited by 5AcresAndAFool (01/18/18 06:03 PM)

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#4639092 - 01/18/18 06:07 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
PimTac Online   content


Registered: 03/04/17
Posts: 4322
Loc: Soviet State of Washington
Iíve never bought an extended warranty. Period.
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#4639096 - 01/18/18 06:11 PM Re: Should I buy an appliance extended warranty? [Re: PimTac]
Gebo Offline


Registered: 09/18/02
Posts: 2126
Loc: VA
Originally Posted By: PimTac
Iíve never bought an extended warranty. Period.


Me agree.
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#4639099 - 01/18/18 06:14 PM Re: Should I buy an appliance extended warranty? [Re: Gebo]
gathermewool Offline


Registered: 01/09/09
Posts: 5998
Originally Posted By: Gebo
Originally Posted By: PimTac
Iíve never bought an extended warranty. Period.


Me agree.


Me three agree

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#4639109 - 01/18/18 06:23 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
fdcg27 Offline


Registered: 09/25/09
Posts: 15708
Loc: OH
"Extended warranties", really service contracts that may be difficult to collect on are no more nor less than cash grabs by retailers. That's why they're always pushed at checkout time.
If you want to avoid buying junk appliances, CR is your friend as is a quick googling of whatever you propose to buy.
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#4639126 - 01/18/18 06:33 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
wallyuwl Offline


Registered: 06/02/09
Posts: 1777
Loc: Wisconsin
You can get a lemon even if most of a particular model are good. You just never know.

For me, it depends on how much the extended warranty costs, the duration, and the type of item. We bought a dishwasher and fridge from Best Buy this past summer/fall, and got the warranties on both because the cost was reasonable and these type of appliances can be expensive to fix. Best Buy is also actually pretty good to deal with if you have their extended warranty - much better than most manufacturers under their normal warranty. We will get a new range and microwave this coming summer, and probably not get the warranties because there isn't as much to break.

We have a LG washing machine we bought a year and a half ago at Costco. If you buy electronics or appliances there, they double the manufacturers warranty. If you buy with your Costco Visa card, that doubles. So on our washing machine and dryer we have a 2 year manufacturers warranty and two more years through Square Trade (for free). Well, we need service on our washing machine and I've been dealing with LG for two weeks, and many hours on the phone. They are incredibly incompetent. So there is value in protecting yourself in terms of actually getting the problem fixed if you have one.

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#4639140 - 01/18/18 06:44 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
Donald Offline


Registered: 03/21/04
Posts: 20463
Loc: Upstate NY
Originally Posted By: 5AcresAndAFool
I HATE extended warranties. Hate them. Don't buy them. I will work on stuff myself, I dont care. Extended warranties are high profit items.

But....After my 2 year old MAYTAG dish washer debacle. I have considered buying and extended warranty on the next unit we buy.

Lowes has a 5 year extended warranty on a Bosch unit we are considering for 140 bucks. Its a fools bet in the warranty companies favor, but on this JUNK Maytag I bought the extended warranty would have made sense since its a junk garbage unit IF it did not have an unfix-able design defect.

Now even if I fixed it or a service company fixed it, it would still have an unfix-able design defect so unless I want it spewing steam between my dishwasher and the cabinet, We would have to replace it anyway, so would the extended warranty really have helped? No. Its just a junk design.

So do I or dont I?

Extended warranties tick me off. Id rather pay that much more for the unit if it used better parts and wasn't a junk design.

Am I being stupid by not buying an extended warranty? The manufacturers warranty is 1 year...


How well did Consumer Reports rate your failing dishwasher?
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#4639153 - 01/18/18 06:52 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
maverickfhs Offline


Registered: 12/28/16
Posts: 2006
Loc: VA
I never,,,
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#4639157 - 01/18/18 06:55 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
LotI Offline


Registered: 01/01/13
Posts: 1268
Loc: America's Dairyland
Depends on how well you can self-insure. If you use it a lot, like daily, buy the plan. Modern appliances have an expected life of about 5yrs.

If you use it once and awhile and have some money in the bank don't.
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#4639158 - 01/18/18 06:55 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
OTCW Offline


Registered: 05/07/17
Posts: 49
Loc: Tennessee
Your Maytag is a sunk cost. That money is gone. Buying a warranty on a new unit that is quality can't help you recoup that.
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#4639178 - 01/18/18 07:11 PM Re: Should I buy an appliance extended warranty? [Re: gathermewool]
Kage860 Offline


Registered: 04/17/17
Posts: 88
Loc: NY
Originally Posted By: gathermewool
Originally Posted By: Gebo
Originally Posted By: PimTac
Iíve never bought an extended warranty. Period.


Me agree.


Me three agree


Me four agree.

What if the repairman for the warranty never shows up or answers the phone? If the machine keeps breaking would you still want it? I'd rather have the cash in hand.


Edited by Kage860 (01/18/18 07:12 PM)
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#4639214 - 01/18/18 07:48 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
danez_yoda Offline


Registered: 07/18/09
Posts: 465
Loc: texas
Most major credit cards will extend the warrantee to 2 years. Visa signature is one for sure but in think mastercard does too. You need to check.

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#4639258 - 01/18/18 08:39 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
Leo99 Offline


Registered: 03/30/14
Posts: 3052
Loc: NJ
I bought the extended warranty when I bought all new appliances for my house. It paid for itself on a washing machine repair. The company that handled the repair was great. They showed up a few days after we called and fixed it for free without any drama.

$140 seems like a lot for a dishwasher. What's the cost of the unit? Dishwashers are pretty easy to replace and they're not real heavy so you could order online and have it delivered and install yourself.
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#4639264 - 01/18/18 08:42 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
dishdude Offline


Registered: 11/14/08
Posts: 8754
Loc: Phoenix
Not on appliances, I don't think I've ever had one break. I bought it for some trees, a pressure washer and a robot vacuum. I figure if something is going to break, it'll be one of those two and the trees I can't fix!
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2018 Challenger SRT

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#4639265 - 01/18/18 08:42 PM Re: Should I buy an appliance extended warranty? [Re: 5AcresAndAFool]
John_K Offline


Registered: 12/08/06
Posts: 2713
Loc: Columbus, Ohio
Take the money you would spend on extended warranties and put it in the bank. Then you'll have the money to repair or replace.
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