Product replacement plans on big ticket items?

[Fireballer 2,367]

I steer clear from them normally,  but if I woulda bought one with my 2 year old fridge, I wouldn't be dishing out another $2k today.     I did get one on a  big TV a few years ago that saved my a$$.  It was 5 years for like $14 and I felt that was fair since TVs arent lasting nowadays.  

[tubby_mcgee 685]

1 hour ago, Fireballer said:

 It was 5 years for like $14 and I felt that was fair since TVs arent lasting nowadays.  

5 years...$14...that's a no-brainer.

I don't usually buy the warranty unless I think it could be a "high chance of breakage/failure" item. 

[BiffTannen 651]

Make sure you read the fine print. I got a virus on my smart fridge from looking up porn and they said it wasn’t covered under the plan. 

[frank 2,143]

12 minutes ago, BiffTannen said:

Make sure you read the fine print. I got a virus on my smart fridge from looking up porn and they said it wasn’t covered under the plan. 

That’s cold. 

[FlyinHeadlock 459]

My Rolex broke. I could have got it fixed but why? I make so much money I don't need to know what time it is. Threw it in the trash. 

[posty 2,295]

I get the replacement plan depending on the item and who is going to be using it more...

It has saved my family multiple times...

[Cdub100 3,366]

I never ever buy an extended warranty on anything. My thought process is the money I save will be more than the money I dish out replacing something after the manufacturer warranty expires.

ETA I also believe if something is going to go wrong it will in that first year.

[FlyinHeadlock 459]

I put the money in a high yield savings instead of extended warranties. If something breaks I go buy a new one which is rarely. Much of it can be mitigated by reading reviews and common issues with something like a fridge or laptop. 

One thing I have noticed, electronics and appliances, really don't want to buy those around Christmas. They are trying to churn out product so the production quality suffers. TV's and computers especially.

[Gladiators 1,900]

I never purchase additional warranties.  If they feel I need it, I don't want the product.

[IGotWorms 3,297]

No they’re rarely worth it and many are close to scams. You buy it from some random third party, those guys go bankrupt you’re screwed.

[Mookz 1,287]

1 hour ago, BiffTannen said:

Make sure you read the fine print. I got a virus on my smart fridge from looking up porn and they said it wasn’t covered under the plan. 

Remind me to pass on the cottage cheese at your place.