Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
Extended warranties are a product. They help the business more than they help the consumer, as no business offers a product at a loss.
A Consumer Report revealed that 55 percent of owners who purchased an extended warranty hadn't used it for repairs during the lifetime of the policy. Those who did use it spent far more on the coverage than they saved on repair costs.
32
324 reads
For most, extended warranties are bad investments, because we never use the coverage they pay for.
For a warranty to be worth it,
37
370 reads
Instead of buying warranties, consider setting up your own warranty coverage by putting the money aside in an interest-bearing savings account. Then you have full control over the money and can re-purpose those funds.
This strategy will work in your favor more often than it won't. Consider setting aside about half of the cost of the item you bought.
39
271 reads
Before accepting an extended warranty, ask yourself:
33
263 reads
IDEAS CURATED BY
Creator. Beer ninja. Travel lover. Twitter evangelist. Lifelong writer. Zombie expert.
Learn more about moneyandinvestments with this collection
Understanding the basics of blockchain technology
The benefits and challenges of using blockchain
The future of blockchain technology
Related collections
Similar ideas
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
â
100+ Learning Journeys
â
Access to 200,000+ ideas
â
Access to the mobile app
â
Unlimited idea saving
â
â
Unlimited history
â
â
Unlimited listening to ideas
â
â
Downloading & offline access
â
â
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates