You know the deal whenever you buy something these days: those inevitable words: “Would you like to purchase the extended warranty?” Most of us view those warranties as a waste of money. But are there times, and products, when purchasing an extended warranty makes good sense?
Back in the “good old days”, it seemed appliances lasted forever. But today, many appliances don’t have that track record. In fact, as San Diego County appliance repair professionals, we see a few appliances that have a reputation for a breakdown within the first 5 years.
With a shift to more technologically complicated appliances and the widespread globalization of manufactured parts and components, we see far more breakdowns of household appliances than we did as little as a decade ago. Today, most manufacturers offer a standard warranty that covers your appliance from a few months to a year. After that, you are on your own unless you purchase the extended warranty.
With many appliances today, parts can be expensive due to the fact that so many have computerized components. And energy efficient appliances seem to have a greater reputation for breakdowns. But when it comes to an extended warranty, should you buy one on every appliance?
The simple answer is: no.
In general, there are some appliances that are more simple and reliable than others. And, in the case of a repair, can be less costly to repair than the cost of the warranty. Pass on an extended warranty when it comes to:
– Garbage disposals
– Household grade ranges
So when should you break down and purchase that extended warranty? You should consider an extended warranty for the following appliances:
– Washing machines — Even though washing machines are fairly reliable, when they do require a repair, it can be expensive.
– Refrigerators — From the most reliable units on the market to the new computerized refrigerators with all the bells and whistles, a great many refrigerators require service within the first year of purchase. As energy standards have increased, reliability has decreased. As one of the most expensive appliances in your household, you may not want to take the chance of something major happening to it.
– Professional grade ranges — For some reason, professional ranges have more reliability issues than household grade ranges. And they are far more expensive. Buy the warranty and save yourself some grief.
A standard rule of thumb is when an appliance costs more than $800 to $1,000, you are better off considering a warranty.
What may even make additional sense is a maintenance and service agreement through your San Diego County appliance repair professional. This way, all your appliances are kept in top shape to fend off potential repairs. Call the appliance repair experts at Platinum Appliance Repair to ask how an annual