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LCD/HD extended warranty

Old 10-07-2007, 07:46 AM
  #1  
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Default LCD/HD extended warranty

I hate to do this but being high pressure sales, and then the dreaded extended warranty issue for about $400+- for 5 years, comea up. I was told a couple of years ago that an extended warranty on LCDs was a MUST HAVE by friends. Now that was a couple of years ago. Now days I was told that the lamp in LCD's etc. will last for about 60K hours. Since a new lamp cost about $250+- is?

Question? Is the extended warranty from the store worth the extra money?
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Old 10-07-2007, 01:17 PM
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Default Re: LCD/HD extended warranty

I never buy them. The big box electronics stores push them because they make more money selling warranties than electronics. That tells you something. I never buy them.

Here is a recent article from Clark Howard's website about extended warranties:

"Sales of extended warranties are down Minneapolis' Star Tribune reports that sales of extended electronics warranties at Best Buy and Circuit City are down 12 percent and eight percent, respectively. Clark really rejoices in these stats because he hates when these warranties are crammed down your throat by salespeople. Speaking of that, Clark recently bought an LCD TV (on sale) at a major electronics retailer. When the salesperson started his spiel about the warranty and Clark declined, the salesperson dropped him like a hot potato. He actually left Clark by himself to lift the TV onto his cart and didn't even fill out a customer ticket! Clark thinks the man probably acted this way because he may have needed a certain close rate on the customer tickets he writes up. So rather than risk being penalized for not selling the warranty, the sales associate didn't even bother writing up a ticket. At Circuit City, for example, the only way they survive is through warranty sales. Best Buy, meanwhile, reported some $100 million -- more than half of their $1.38 billion in profits -- came from the sale of extended warranties.

Clark says the payback on warranties is worse than on a Vegas slot-machine. In fact, he jokingly advises people to get a quote on a warranty and then go drop that chunk of change in a one-armed bandit. At least then you'll get flashing lights, racket and noise, plus have some fun taking in the atmosphere! But seriously, for every dollar you pay on an electronics warranty, you only get back about eight to15 cents, after you account for depreciation and how quickly technology becomes outdated. Clark thinks you should never buy an extended warranty on computers and electronics. You're a little bit safer with a warranty on your appliances. Finally, keep in mind that credit cards will sometimes double the manufacturer's warranty on electronics. It's like getting an extended warranty for free! "
http://clarkhoward.com/shownotes/2007/08/22/index.html
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Old 10-07-2007, 04:35 PM
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Default Re: LCD/HD extended warranty

You can decide for yourself, but two years ago Consumer Reports said the technology of plasma, DLP, and LCD was still too new and the stability of those technologies could not yet be assessed by CR, so CR was recommending consumers purchase the extended warranty for those displays. CR assess the stability of the technology based on an ongoing survey of warranty repairs for products; what gets fixed and how often, etc.

Personally, I would not buy an extended warranty for either a plasma or LCD display. The manfr’g quality is up and is now very stable for those. However, depending on who makes the DLP, I might consider buying the ext warranty for a display of that technology.

That said, Seacat's post above is worth reading, and re-reading. It's spot on!



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Old 10-09-2007, 03:54 PM
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Default Re: LCD/HD extended warranty

LCD's have been in wide use for 10 years. And yes if they are willing to offer you an extended warranty you can be assured as they are, that you will never get much in return for your premium dollars.
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Old 10-09-2007, 07:39 PM
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Default Re: LCD/HD extended warranty

Think of it this way, if you get an extended warrenty on every piece of electronics you own, you could have probably just bought newer and better electronics for the ones that broke. Never buy them, you are better off investing the money.
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Old 10-11-2007, 07:36 PM
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Default Re: LCD/HD extended warranty

I never buy the warranty on anything for my use, if its for my wife I get it. Only time I've bought an extended warranty for me is on my Dell 26" LCD TV Monitor. It was $100 and covers the unit for 3 years. I've had to replace the unit 4 times. Biggest POS out there. Other than that, I probably wouldn't get it.
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Old 10-11-2007, 08:08 PM
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Default RE: LCD/HD extended warranty

Is this the in store 100% no matter what warranty...replacement if broken type? I ask because my buddy bought this type of warranty from Best Buy when he bought his X-Box a few years ago. When X-box 360 came out, he took his X box back...no receipt...and they pulled up his info from two years past, took the perfectly normal X-Box, dropped it on the floor and gave him full credit towards the new X-Box 360.

He bought the same plan again. He says he will return his X-Box 360 right before the end of the warranty to get a beand new X-Box 360 at that time.
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Old 10-14-2007, 10:51 AM
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Default Re: LCD/HD extended warranty

I would only buy an extended warranty on a DLP TV or projector, and that is only if they cover the bulbs. other than that it's a scam to get extra money. Not saying the a TV can't go bad but the odds are definitely in you favor you have years of trouble free use.
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Old 10-14-2007, 11:14 AM
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Default RE: LCD/HD extended warranty

DarthBaiter - 10/12/2007 8:08 AM

... I ask because my buddy bought this type of warranty from Best Buy when he bought his X-Box a few years ago. When X-box 360 came out, he took his X box back...no receipt...and they pulled up his info from two years past, took the perfectly normal X-Box, dropped it on the floor and gave him full credit towards the new X-Box 360.

The name for that is insurance fraud. It is a felony. Those extended warranties are actually insurance policies.


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Old 10-15-2007, 11:18 AM
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Default Re: LCD/HD extended warranty

Well I finally bit the bullet and bought a Sony 32s3000 for my room, $999 - a ten percent discount from AAA online for Circuit City, I hate to say it but with the discount, the TV came to $899 and the 5 year policy$200 and a new surge protector from Monster my bill way just about $1250 tags title tax out the door. I looked at all the others, all were within 2-300 $ of the Sony, and from my experiences with Sony, Sony won out. I hated to buy the warranty but, but, but, but, hell it's only money, maybe not well spent, time will tell.
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Old 10-15-2007, 11:52 AM
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Default Re: LCD/HD extended warranty

How do you get the 10% AAA Discount?
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Old 10-17-2007, 05:03 AM
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Default Re: LCD/HD extended warranty

You will be lucky if the bulb lasts a year and a half. $150-$300 a pop if not in warranty. I've been in the TV repair business since 1984 and I can tell you that the new sets are not made to be repaired. Microscopic surface mount components that are no longer available after 2 years from manufacture date. Most repairs are board replacement now. Board replacement including labor will cost more that the set cost originally. In the past I told everyone not to buy the warranty because it cost the same as one repair. Now I tell everyone to get the warranty. Over the past few years I've seen lots of TV's that are 1 1/2 to 3 1/2 years old where the person did not get the warranty and the cost of repair was more than a new set. TV repair is a tough business to be in (cost of new electronics coming down, cost of repair going up). Don't worry about me though, I could see it coming and went back to school. Now I'm also in the HVAC business too.

GET THE WARRANTY or be prepared to buy a new set every few years.
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Old 10-20-2007, 11:01 AM
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Default RE: LCD/HD extended warranty

Eyeball - 10/14/2007 11:14 AM
DarthBaiter - 10/12/2007 8:08 AM ... I ask because my buddy bought this type of warranty from Best Buy when he bought his X-Box a few years ago. When X-box 360 came out, he took his X box back...no receipt...and they pulled up his info from two years past, took the perfectly normal X-Box, dropped it on the floor and gave him full credit towards the new X-Box 360.
The name for that is insurance fraud. It is a felony. Those extended warranties are actually insurance policies.
Yes, but that is how the cahsiers sell the warrenties. They will tell you to do this. "Buy the warrenty and bring it back in x amount of years and replace it.". Maybe they get a percent for all the warrenties they sell?
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Old 10-22-2007, 12:02 PM
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Default Re: LCD/HD extended warranty

last time i bought a tv i also purchased the extended warranty. i've found that with such contraptions if something goes wrong it is usually right at the beginning. after nothing went wrong on day 29 i cancelled the extended warranty and got the money back. basically had full coverage for free for the first 29 days.

just my .02
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