When should you buy an extended warranty on electronics, computers, any type of purchase like that? Never, never, never, not ever. When should you buy an extended warranty on appliances? Same answer. When should you buy a warranty on an existing home? Only if you are selling the home and you want to provide it as a sales tool to a potential buyer, a confidence builder that you are providing a warranty. The only other exception to buying an extended warranty is, potentially, a car or heavy machinery. You buy an extended warranty on a these if you know that you don’t have the savings to pay for repairs to a major component. But with any warranty of any kind, remember this: they'll talk to you in the stores about how you're protecting your investment. Let me tell you something. A television is not an investment. A washing machine is not an investment. Whatever item it is, you're not investing in it. You're spending money to have it. I just want you to know that anytime anybody at any retail store tells you that others buy extended warranties on their products, all you need to know is, they're lying. Employees get a commission on how many warranties they sell.
Strength & Honor"Selfish interests must be subordinate to our common goal."