- From: "Mark Seery" <markseery1@xxxxxxxxxxxxxxxxxx>
- Date: Mon, 23 Feb 2009 16:46:14 -0000
"Paul P" <a@xxxxx> wrote in message news:708puvFn4aenU1@xxxxxxxxxxxxxxxxxxxxx
Consumer Reports is your friend ;-) I never bought a protection plan,
ever, but I do like to watch them squirm!
I bought a Panasonic convection/microwave oven from a big box
electronic store. The protection plan, with a replacement policy
for five years, was 60$. The machine blew up after about four
years so I went back to the store with my plan, only to discover
the store no longer sold the model. They tried to get me to take
a cheap microwave oven instead. I had to go back twice and start
screaming in front of everyone before the manager agreed to give me
the replacement cost ($500+) so I could buy one from Sears.
Other than that, I never take the protection plan either.
In the UK a protection plan.... or extended warranty as they call it here can cost up to 1/3 ot the selling price of the item sold. If I was to stick that plan money in a savings account and let it accrue interest over the typical 3 or 5 years, along with the PP money from every other item I buy, I think Id pretty quids in by underwriting my own stuff. Even bigger winner if the longevity of collective purchases has an average of 2 out of 3 of said purchases still working after this period...