Revealed! What You MUST Know About Extended Warranties
Justin Taylor
One part of a home theater equipment transaction that
salesman will try to get you on is the extended warranty. I'm sure you've
experienced this.
The bottom line is that they are almost always a waste of
money. I have purchased several extended warranties and never used any of them.
It's basically free money for the big box retailers. Most equipment is reliable
these days. And if you ever do try
to use your extended warranty, they will use the cheapest means possible to fix
your problem, and only replace the equipment as an absolute last resort. Most of
the time you're better off taking the money you would have used for the warranty
and setting it aside for repairs/upgrades on your own time.
The only warranty that I've ever seen that was worth the
money was from a company in the UK called 'Richer Sounds'. Their warranties are
great value and definitely worthwhile.
The other thing about warranties is that the manufacturers
guarantee their equipment free from defects. If you can trust yourself to take
good care of your equipment, chances are very good that you'll never need to use
an extended warranty. Be very, very careful of extended warranty plans, they are
rarely worth it.
Finally, the most important rule of all, the rule you
should always remember: The Customer Is Always Right. Always. Sometimes you need
to remind the salesman of this rule. You are in charge of the sale. You're the
one with the money! You choose what you want. This is especially important when
purchasing audio equipment. Don't let someone else tell you what sounds good!
You decide what sounds good, and you decide what you want to buy.
One last thing: there's a certain big box store where all
the salesmen will tell you that they don't work on commission. This is only half
true. While they don't get commission on individual sales, their bonus is based
on how well their department does. It's still a commission, just in a roundabout
way, which means they are just as motivated to sell, and even more motivated to
up-sell (those in-house warranties are worth big bucks).
Never forget that the retail world is out to get you.
They want your money. Never let your guard down, and do your research
before going to the store. Everybody loves a sucker. Do everything you can to
make sure you aren't that sucker.
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