Extended Warranty - worth it?

PlacidCasual · 18 Aug 2008 at 16:04

I'm on the verge of buying an LCD television and I've been offered a 5 year on site extended warranty for an additional 10% of the purchase price. Now in general I wouldn't bother with an extended warranty as it either fails right away or not at all. But an LCD TV is a £500+ investment that I'll expect to keep for years.

Do I spend the extra 10%?

Grimley · 18 Aug 2008 at 16:10

It will depend on the make of the telly IMO. If it was a decent make like Panasonic, Sony or Toshiba I'd give it a miss. If it was a make I'd not heard of then yes. Having said that I took out a 3 year G/tee on my Tosh telly when I bought it, but given the price of a decent 32" LCD Telly these days I would give it a miss.

daz · 18 Aug 2008 at 16:13

Sometimes when moving house after owning the TV for a few years, the TV can get damaged in the move, smashed up in the van or dropped down the stairs accidentally...

rubberduck · 18 Aug 2008 at 16:26

approximately £50 for a 5 year warranty sounds pretty good to me.

TwistNut · 18 Aug 2008 at 18:28

pre1twa said:
approximately £50 for a 5 year warranty sounds pretty good to me.

+1

SBD · 18 Aug 2008 at 19:17

some places do offer 5 years free warranty in store and online which can be price matched to the shop you are looking at

Jiffy · 19 Aug 2008 at 16:26

10% doesn't sound too bad. What make of telly is it?

PlacidCasual · 19 Aug 2008 at 19:45

I bought a Sharp Aquos and got the extended warranty in the end.

3dcandy · 19 Aug 2008 at 22:13

bought a samsung lcd and took it out. first brand spanking new telly I've bought for years and decided it was worth it, ended up being 5 years for approx 5%. We have a very expensive washer dryer, extended warranty is £72 a year. Any guesses for how many chargeable service calls we have made this year alone, and how many times we could have bought the same washer again if we had not got the service warranty....Anyone who said 5 is about right, we average a call a month a year, latest call out was today, new heater element, thermal protection fuse and call out. If we had to pay this, it would have been £100 plus. You take your chances...

Jiffy · 19 Aug 2008 at 22:20

Wow! Care to tell us the make of washer/dryer?

3dcandy · 19 Aug 2008 at 22:49

hotpoint. doesn't mean I think they're bad, we just seem to be unlucky with this one. my point is that in our case it has saved us a fortune, but mileage will differ of course

Jiffy · 19 Aug 2008 at 23:08

Yeah, Hotpoint aren't a disaster brand. You've definately been well of with the extended warranty. Generally, though, I don't go for extended warranty as it'd cost megabucks to have extended warranties on everything, more than a new item would cost!

Kanifee · 19 Aug 2008 at 23:10

Warranty is never a bad thing unless grossly over priced, my advice would be to get it as its better safe than sorry.