Extended warranties are almost always a good thing with mechanical, electrical, etc items. The key to them being a good thing is the price you pay for them 
Extended Service Warranty's
So I know all the consumer advocate groups out there say don't buy them. And I seldom do. BUT... a little story..
Feb 4th 2006, getting ready to host a Superbowl Party (Seahags and the Squealers) ZAP my big screen TV dies. It was 10 years old so I figure it had served me well. I run to my closest Electronics store (Circuit City) and buy a really nice Sony. My wife is running at the mouth to the sales person and he talks her into an extended warranty. $500(5yrs)
Fast forward to two months ago, my TV goes ZAP! And I figure for sure it is out of warranty, I do some troubleshooting and find that the lamp is just burnt out...fix it my self.
Fast forward to three weeks ago, TV goes ZAP! I figure I must have done something wrong with the lamp replacement...nope still good. I do some diagnostic testing (counted the blinks on the standby light :Iconrotfl ) and find out BAD NEWS! Its toast. I figure I am buying a new TV and I am royally pissed off!
The wifey goes looking for the warranty, but I tell her "Trust me, its not under warranty anymore"...she finds it and it is under warranty till Feb 6th 2010! WOOHOO!
They came out and looked at it, and sure enough...its TOAST! So they are either gonna send me a brand new 60inch Mitsubishi or 1800 bucks! My choice!
Nice!
Feb 4th 2006, getting ready to host a Superbowl Party (Seahags and the Squealers) ZAP my big screen TV dies. It was 10 years old so I figure it had served me well. I run to my closest Electronics store (Circuit City) and buy a really nice Sony. My wife is running at the mouth to the sales person and he talks her into an extended warranty. $500(5yrs)
Fast forward to two months ago, my TV goes ZAP! And I figure for sure it is out of warranty, I do some troubleshooting and find that the lamp is just burnt out...fix it my self.
Fast forward to three weeks ago, TV goes ZAP! I figure I must have done something wrong with the lamp replacement...nope still good. I do some diagnostic testing (counted the blinks on the standby light :Iconrotfl ) and find out BAD NEWS! Its toast. I figure I am buying a new TV and I am royally pissed off!
The wifey goes looking for the warranty, but I tell her "Trust me, its not under warranty anymore"...she finds it and it is under warranty till Feb 6th 2010! WOOHOO!
They came out and looked at it, and sure enough...its TOAST! So they are either gonna send me a brand new 60inch Mitsubishi or 1800 bucks! My choice!
Nice!
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It's just a bet - the odds the unit will fail in the warranty period vs the ratio of premium cost to replacement cost. You can be sure it's a poor bet for you and a good one for the warrantor.
However, a sense of peace of mind often influences people to get them anyway.
However, a sense of peace of mind often influences people to get them anyway.
Yea this is the only one that I can think of that I have bought...It's just a bet - the odds the unit will fail in the warranty period vs the ratio of premium cost to replacement cost. You can be sure it's a poor bet for you and a good one for the warrantor.
However, a sense of peace of mind often influences people to get them anyway.
The only extended warranty I've bought is for a freezer. It's served me well since the Compressor went out on it twice! I have worked to hard to fill that freezer with game and fish to lose them in a bad freezer. The warranty is cheap too!
Take the 1800 and go buy a new LCD flatscreen. You can get a nice one for 1800 now a days.
+1 to the 1800. If you need some help finding some deals, shoot me a pm. I have bought three lcd's off the net. Also, you can buy an aftermarket warranty, dirt cheap, so don't buy it with the tv. I can get the hook up for that as well. Also, plasma's are coming out in full hd with great pricing as well, if you want to go that route.
http://www.tedunlimited.com/Store/Tab.aspx?tabid=5&gclid=CKLeqK-C0ZwCFSMeDQod1W_CJQ one example
http://www.tedunlimited.com/Store/Tab.aspx?tabid=5&gclid=CKLeqK-C0ZwCFSMeDQod1W_CJQ one example
mitsubishi is a pos TV. I had one too and had the same problem. I bought the warranty but it died after the warranty expired. But it was a pos. Take the cash if they offer it. Make sure you get the latest 1080p 120hz ..
Mitsubishu big screens may be crap, but they are a leader in the flat panel lcd market. All the same, buy what you can afford, and shop around for a good deal, they are out there. FYI, sharp makes a great tv, but they don't honor their warranty well. ie:, for a large flat panel lcd, you get in home warranty service. Unless of course you put it on a wall mount, then they tell you take it down in order for it to be serviced in a shop. That's some straight up bullshit right there. Also, size makes a huge difference, go to several stores and view different size tv's. Bigger is not always better. I have a 32 a 42 and a 52. I prefer 42 over the larger one. Good luck with your choice.
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