Extended warranty can save you money
Friday, November 11th, 2005When we make purchases, we often shop around, compare prices, and get the best deal. Nothing wrong with that.
Some large items, like air-conditioning system and fridge, may come extended warranty offered by the retailer usually covered by an insurance company.
While extended warranty is an additional expense, we took them up for the air-con and fridge, just in case. So we’re covered for 5 years instead of 1.
After 13 months into using our new air-con, we had our 1st repair that cost $246.75. Thanks to our extended warranty, we paid $0.
Should more repairs be required in the remaining 47 months covered by the extended warranty, we’ll would have saved a bundle.
We paid $154 for our air-con’s extended warranty, and this 1st repair already made it a worthwhile expense, with a savings of $92.75 ($246.75 minus $154).
As new parents, $92.75 savings means 3 more tins of infant milk powder for our darling son
We paid $45 for our new fridge’s 5-years extended warranty. I hope we don’t need to use it, but should anything happens, I know we’re covered.
The bottomline: Get extended warranty, just in case.