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Is it worth to get the extended warranty on all these

nyg052003
05-26-2008, 01:24 PM
Just bought a 46 inch samsung, Onkyo 7.1 surround, and PS3. I know the tv's extended warranty was worth it and im guessing the ps3 also($119) but what about the stereo systems warranty do you guys think i need that? I had the Sony surround since 01 and i guess had good luck with it and i know just one of them situations to where it might just be luck so just asking yall's opinion.

Scottnot
05-26-2008, 05:48 PM
If you used a credit card to make the purchase, then you already have two full years on everything.

My opinion is that spending money for coverage beyond that is simpy foolish.

nyg052003
05-26-2008, 07:32 PM
If you used a credit card to make the purchase, then you already have two full years on everything.

My opinion is that spending money for coverage beyond that is simpy foolish.

Is that a regular credit card or the circuit city one? And what he was saying did make some sense though i can say for usual stuff i buy or have bought i really usually dont get an extended warranty beyond 2 yrs. Though they have a 1 yrs manufactures warranty, the diff is as he explained it is that if something happened to the tv for instance within the 1 yr i would have to ship it to them correct? (Or did he tell me i would have to ship lol, cant exactly remember). But then there is the fact that you would be without a tv for sometime who knows how long and with the warranty you buy, though i didnt read all the things bout it yet but in most cases they have to honer everything on it that the 1 yr doesnt. I know he said alot of stuff as far as the tv that i have to read the little brochure that he gave me that points out the coverage and stuff. Now as far as the PS3, with all other game systems i bought i never have gotten an extended warrranty and been just fine and same wiht the stereo systems but just wanted to hear you guys opinion. Maybe some or alot of yall had trouble with new stuff and required having to have it fixed.

bucnasty
05-26-2008, 08:45 PM
119 for a service plan on a playstation? nice work

its 59 for a 2 year replacement plan at best buy...

nyg052003
05-26-2008, 08:51 PM
119 for a service plan on a playstation? nice work

its 59 for a 2 year replacement plan at best buy...

yeah im gona call and ask best buy here and call circuit city and let them explain whats the diff if any so they can refund me if there isnt. but the guy did tell me they have diff levels of warranties also, he did say there were cheaper ones but i will reconfirm the differences. I was in the store for a few hrs and me and the guy was on a level where he knew i wasnt someone to be taken advantage of and not saying i was for paying those prices for the warranties. I did ask him and he confirmed i can basically cancel or change if i didnt want so i got them initially anyway

Loves2Watch
05-26-2008, 08:58 PM
Did you know that 100 percent of Circuit Cityís annual profits come from the sale of extended warranties? How about Best Buy? Forty percent comes from extended warranties. Thatís why salespeople are all over you like a cheap suit when you go to Circuit City or Best Buy. My partner just read a Consumer Reports article on extended warranties that confirmed how useless they are. The only product CR says is worth it is a high end treadmill. The smartest thing you can do is to buy an item on a credit card because some of them automatically double a manufacturerís warranty. Thatís like getting a free warranty. Business Week got more in detail with extended warranties. The magazine found that if you were to buy a $1,000 RCA digital TV, Circuit City charges $100 for the warranty. Best Buy charges $62. But WalMart charges just $29 for the same warranty. So, itís a huge mark-up. Salespeople receive a huge amount of pressure to sell these things, and you pretty much never should buy one. Appliances, electronics and computers rapidly decrease in value as soon as you take them out of the box. Why would you want to insure that? Plus, the average cost of a warranty is as much as a repair. So stay away from extended warranties at all costs.

nyg052003
05-26-2008, 09:01 PM
Did you know that 100 percent of Circuit Cityís annual profits come from the sale of extended warranties? How about Best Buy? Forty percent comes from extended warranties. Thatís why salespeople are all over you like a cheap suit when you go to Circuit City or Best Buy. My partner just read a Consumer Reports article on extended warranties that confirmed how useless they are. The only product CR says is worth it is a high end treadmill. The smartest thing you can do is to buy an item on a credit card because some of them automatically double a manufacturerís warranty. Thatís like getting a free warranty. Business Week got more in detail with extended warranties. The magazine found that if you were to buy a $1,000 RCA digital TV, Circuit City charges $100 for the warranty. Best Buy charges $62. But WalMart charges just $29 for the same warranty. So, itís a huge mark-up. Salespeople receive a huge amount of pressure to sell these things, and you pretty much never should buy one. Appliances, electronics and computers rapidly decrease in value as soon as you take them out of the box. Why would you want to insure that? Plus, the average cost of a warranty is as much as a repair. So stay away from extended warranties at all costs.
damn thats deep

bucnasty
05-26-2008, 09:03 PM
just by looking at their website, the circuit city plan you paid 119 for covers if you drop the playstation. thats right. pick that son of a b up, and drop it.... and take it in and get a fresh one. the base one is 79. save 20 dollars and get it from bby, unless you took advantage of the free blu ray remote as their website advertises..

nyg052003
05-26-2008, 09:06 PM
just by looking at their website, the circuit city plan you paid 119 for covers if you drop the playstation. thats right. pick that son of a b up, and drop it.... and take it in and get a fresh one. the base one is 79. save 20 dollars and get it from bby, unless you took advantage of the free blu ray remote as their website advertises..

yes did get the free remote

bucnasty
05-26-2008, 09:10 PM
as far as the extended warranties go.... pay 62 dollars and have your doo doo RCA television blow out. you just got a second tv for 62 dollars. those accounting and finance majors here, compute the present value of 62 dollars and compute it based on X years (x being the years you think an RCA tv will last..)

Codes20
05-26-2008, 09:37 PM
damn thats deep

Copy and paste is tough, isn't it?

bucnasty
05-27-2008, 07:18 PM
i take it that those finance and accounting majors did the math and further prove my point.

buc ftw!

nyg052003
05-27-2008, 08:58 PM
ok each replie on what yall would get


which warranty:
PS3:
46 inch lcd:
Onko 5.1 surround:

bucnasty
05-27-2008, 09:21 PM
receivers are designed to last a long time, and the good ones have 2 year factory warranties... scrap that.

if you are going to watch a lot of tv, than go with the tv. if you play more playstation than tv viewing, go with the playstation. how much is the plan on the tv?

nyg052003
05-27-2008, 09:25 PM
receivers are designed to last a long time, and the good ones have 2 year factory warranties... scrap that.

if you are going to watch a lot of tv, than go with the tv. if you play more playstation than tv viewing, go with the playstation. how much is the plan on the tv?

the one i got the other day was $269 i think either 3 or 5 yrs i gota double check. i just got initially but i think i have 30 days to change or cancel it

kingsngiants
05-28-2008, 01:10 AM
if you are going to watch a lot of tv, than go with the tv. if you play more playstation than tv viewing, go with the playstation. how much is the plan on the tv?


:what: That makes no sense, he is still using the tv either way, unless he is playing on a different tv. Do the math:

$119/2 = $60 per year for two years for a PS3 that Cost $400

$269/5 = $54 per year for five years for a TV that cost around $1500

Take the total cost of the tv or ps3 and divide it by the cost of the warranty and you have per dollar of warranty compared to how much the product cost. Does that make sense? Maybe I am off my rocker, but it makes sense to me.

1500/269 = 5.58

399/119 = 3.35

You tell me which warranty you would get?

Or just buy at Costco and get an automatic 2 yr warranty on your tv.

dsskid
05-28-2008, 05:55 AM
You don't have to buy your tv warranty through Circuit City or Best buy. You can purchase a Mack warranty for about half the price, and it kicks in "after" the manufacturer warranty expires. Mount-A-Vision sells them, or you can do an online search under "Mack Warranty".

nyg052003
05-28-2008, 06:05 AM
You don't have to buy your tv warranty through Circuit City or Best buy. You can purchase a Mack warranty for about half the price, and it kicks in "after" the manufacturer warranty expires. Mount-A-Vision sells them, or you can do an online search under "Mack Warranty".

I wonder if its one of them things thats worth getting though? reputation and all? And listening to all you guys replies im sort of leaning to what i usually do which is for something like maybe $100 bucks or so for a warranty on something that cost around $1500 or so i usually go ahead and do and other stuff for example like a stereo system in which i paid $520, i usually dont even worry bout any extended warranty and usually have pretty good luck plus being careful also so im probably just gona do the cheapest one on the tv and maybe the ps3 also or mite keep the same one on the ps3 and tv that i have now depending on what they reconfirm the differences between the diff warranties are.

dsskid
05-28-2008, 06:54 AM
I wonder if its one of them things thats worth getting though? reputation and all? And listening to all you guys replies im sort of leaning to what i usually do which is for something like maybe $100 bucks or so for a warranty on something that cost around $1500 or so i usually go ahead and do and other stuff for example like a stereo system in which i paid $520, i usually dont even worry bout any extended warranty and usually have pretty good luck plus being careful also so im probably just gona do the cheapest one on the tv and maybe the ps3 also or mite keep the same one on the ps3 and tv that i have now depending on what they reconfirm the differences between the diff warranties are.

How much is your TV worth, $1,500? I think I paid about $175 for a $3,300 tv, and gained 3 yrs over the 1 yr Mfg warranty. My unit is pretty heavy, but the warranty is for in-home service. ($175/3yrs = $58.33/yr). It's not like I can shell out another $3 grand if it craps out on me after a year.

Is yours a DLP, LCD or plasma? Fro DLP, the warranty may or maynot include bulb replacement. If it includes bulb replacement, it's a good deal, considering the cost of the bulb.

I've been reading of a lot of issues with the Samsung plasmas, (but am not experienced with them), so it may be worth it for plasma. LCD's can develop dead pixels.

Either way, in-home service calls are at least $60-$75 just to walk in the door. So for $59/yr, I have piece of mind, and it includes tv replacement.

So for me, IMO, it's worth it.

A receiver, which rarely malfunction; or game console, which something better usually comes along within two years; are only worth a few hundred bucks and can be easily carried into a service center, so they would not be worth it to me.

Whether you think it's worth getting for your tv is a personal decision.

nyg052003
05-28-2008, 07:40 AM
How much is your TV worth, $1,500? I think I paid about $175 for a $3,300 tv, and gained 3 yrs over the 1 yr Mfg warranty. My unit is pretty heavy, but the warranty is for in-home service. ($175/3yrs = $58.33/yr). It's not like I can shell out another $3 grand if it craps out on me after a year.

Is yours a DLP, LCD or plasma? Fro DLP, the warranty may or maynot include bulb replacement. If it includes bulb replacement, it's a good deal, considering the cost of the bulb.

I've been reading of a lot of issues with the Samsung plasmas, (but am not experienced with them), so it may be worth it for plasma. LCD's can develop dead pixels.

Either way, in-home service calls are at least $60-$75 just to walk in the door. So for $59/yr, I have piece of mind, and it includes tv replacement.

So for me, IMO, it's worth it.

A receiver, which rarely malfunction; or game console, which something better usually comes along within two years; are only worth a few hundred bucks and can be easily carried into a service center, so they would not be worth it to me.

Whether you think it's worth getting for your tv is a personal decision.

I got the Samsung 46 inch lcd 1080 and was on sale for 1499

mshulman
05-28-2008, 07:59 AM
I'm not sure I'd get a warranty on anything. As others said, check your CC's to see if any give you extra warranty time. If they do, that may be enough.

Take all the money you would have spent on a warranty and put it away.

The way I see warranties is that if I was to buy an extended warranty on everything that I could have bought one for, I'd have spent enough money to replace at least 1 of the more expensive items and 2-3 or more of the less expensive items.

The only thing I've bought one on that I can recall was a sony reciever I bought that was open and it still cost me less than it being new. And my Xbox 360.

dsskid
05-28-2008, 08:52 AM
I got the Samsung 46 inch lcd 1080 and was on sale for 1499

People will argue for or against, but for your tv, it really doesn't cost that much.

For example:

Mountavison
http://www.mountavision.com/index.asp?PageAction=PRODSEARCH&txtSearch=mack&Page=1

If your tv is under $1,700, three year warranty (after the manufacturer warranty expires) costs $120 or $40/yr.

If your tv is under $1,450, three year warranty (after the manufacturer warranty expires) costs $110 or $36.66/yr.

It's 8% of the cost of your tv. About the price of sales tax in NY, or two $15 blu-rays per year.

Go to AVSForum and go to the thread for your tv and just browse the posts to see what problems they may be experiencing with your particular tv. If there are none, don't get it, if there are, it would be a good investment to get the extended warranty.

Like I said before, it's a personal choice.

dsskid
05-28-2008, 08:57 AM
I'm not sure I'd get a warranty on anything. .........................

The only thing I've bought one on that I can recall was a sony reciever I bought that was open and it still cost me less than it being new. And my Xbox 360.

Hard to believe that you would buy an extended warranty on a low dollar item such as an Xbox 360, but not a high ticket item such as a flat screen tv. I don't understand the logic, but hey, to each his own.

bucnasty
05-28-2008, 11:51 AM
the replacement plan (depending on where you shop) is about the same as the price of a game, and the key word is replacement. geek squad/firedog brass would rather spend training money on mac's and smaller laptops than a playstation or xbox, thus the replacement plan.

i would get it for the tv because i would guess some pixels will die eventually. i would not however, buy it from circuit city. what happens if they aren't around when your television dies?

kingsngiants
05-28-2008, 02:11 PM
what happens if they aren't around when your television dies?

You could say that about any company.

bucnasty
05-28-2008, 02:27 PM
yeah but im saying it about circuit city. if best buy completely collapsed in years i would laugh, if circuit city made it to christmas 2009 i would be shocked

dsskid
05-28-2008, 07:07 PM
yeah but im saying it about circuit city. if best buy completely collapsed in years i would laugh, if circuit city made it to christmas 2009 i would be shocked

Why would you buy an extended warranty from Circuit City when you know how inflated their warranty profit margins are???????

kingsngiants
05-29-2008, 06:51 AM
Why would you buy an extended warranty from Circuit City when you know how inflated their warranty profit margins are???????

I think some people like the idea of "brick and morter" establishments, where they could physically go and talk to someone if needed. I have no experience with third party warranty, so I can't comment on those.

SLedford
05-29-2008, 06:58 AM
I have had two negative experiences with warranties, both from BB, thus no longer buy warranties no matter what the cost.

I bought a Toshiba HD television with an extended warranty. The selling point of the television at BB was that it would be upgradeable to DVI when that was available. When the same model started showing up at BB, I went in for my upgrade and was told to contact Toshiba. Toshiba was great - they shipped a brand new TV and picked up the old one. BB however told me my warranty was now void, since I had replaced the television they sold with a different one. Never mind that I had followed their instructions to the letter and had originally purchased the TV because it was upgradeable.

My mom in Broken Arrow bought a Whirlpool refrigerator from BB and it was a lemon. BB did send out repairmen 4 or 5 times, but it would never stay fixed. Mom had repairs to the kitchen floor from where it leaked once and had to replace the food repeatedly, but that wasn't covered. When she tried to talk to the manager about replacing the refrigerator with a new one based upon the "lemon" clause in the warranty, they wouldn't even discuss that option.
In the end she called Whirlpool who immediately sent out a new refrigerator and set it up, at no cost to her.

That is a 100% failure rate with extended warranties on electronics, so none of us in our extended family buy these any more.