Did You Know ?? Warranties and extended warranties are a great deal for retailers, but in most cases they're a bad deal for consumers. When electronics or appliances break, the repair often costs about the same as the cost of the warranty. Besides, many products seldom break within the extended-warranty window, typically three years.
Remember to read the fine print on all warranties and make sure you understand the exclusions. For example, some new-car extended warranties exclude certain features, such as GPS, power antennas, or radios. And if your car already comes with a hefty warranty from the manufacturer, it may not make sense to buy additional coverage for the same time period
Visit http://www.ftc.gov/bcp/conline/pubs/products/warrant.shtm for our government’s information on warranties, preventing problems, and resolving disputes.