We lose money - Deepstash

We lose money

For most, extended warranties are bad investments, because we never use the coverage they pay for.

For a warranty to be worth it,

  • Something needs to fail that is covered.
  • We need to use the warranty during the repairs.
  • The cost of the repairs should exceed the price we paid for the warranty.

37

370 reads

CURATED FROM

IDEAS CURATED BY

joa_fu

Creator. Beer ninja. Travel lover. Twitter evangelist. Lifelong writer. Zombie expert.

The idea is part of this collection:

Harnessing Blockchain Technology

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 to We lose money

Extended warranties

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. T...

Giving Your Money Purpose

  • Know where your money is going and check for invisible leakages.
  • Understand that your current scenario needs to change for the better and you have to get into your dream life.
  • Invest in something worth the time and money...

The Cost of Charging Your Car at Home

It is significantly cheaper to charge an electrical car than to fill up a tank. The cost depends on the electricity tariff you're covered by, but most manufacturers will suggest that you switch to an Economy 7 tariff to pay less for electricity during the night.

The estimated average cost ...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates