Tuesday, November 10, 2009

Are Extended Warranties Ever a Good Deal?

Extended warranties are everywhere. Every time you buy a car, a house, a computer, a cell phone or pretty much any appliance, you'll be offered a chance to purchase an extended warranty on it. Are these warranty contracts ever a good deal? They shouldn't be. To make a profit, the private companies that offer these things need to take in more money than they pay out in warranty claims. And they do make money.
Are Extended Warranties Ever a Good Deal?

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