Originally Posted by fierce_gt
the way I see it, is selling extended warranties is a business, and the more you buy, the more likely they will profit from you, period. it's almost like gambling, the odds will always favour 'the house' so the more you play the more you lose. in the long run you will spend more money than you save. if you can deal with those sudden large expenses, then avoid the many smaller expenses. or heck, if you want, open another bank account and dump the cost of extended warranty into it(maybe even try to get a high interest savings account, or GIC?) and chances are by the time you need warranty on the first product you bought that fails, you'll have paid for 3 or 4, or 10 extended warranties and have more than enough sitting in the bank account to cover replacement.
i'm not saying ppl are dumb for getting extended warranties. but I do think it's wrong to suggest that they are a good idea for everybody, and it's better to 'play it safe'. if you think there's a legitimate chance you'll need the warranty, then buy the warranty. I might be tainted from personal experience, but I don't feel any more 'covered' when I have an extended warranty. seems there's always some loophole. I have never personally had a successful claim using an extended warranty. most of the time the product doesn't need one, one time the company went bankrupt before the warranty expired, the other had fine print that basically said they didn't cover anything that breaks do to 'use', like some defective part was going to fail after the manufactures warranty. imo, if it ain't broke after a year, it's not defective and will last as long as you take care of. unless you're getting like a 10+year warranty, the electronics should wear out that quickly.
to the original question. st60 looks like the bargain of the year again. s60/s64 are pretty darn close though, and depending on budget and needs might be the way to go.
Never said it was a good idea for everyone, I said it may
be a good idea to serve as peace of mind for some
people. If you think the $99-105 the extended warranty costs via Square Trade is enough to fix anything that may come after the manufacturers warrranty expires, more power to you, that would probably be the labor, forget about parts. Even with a high interrest savings acocunt (and pretty much good luck with getting one of those with only 100$) may be on ok idea, it would probably be severly lacking and you would probably be short and need extra funds if a repair was needed.
As always though it pays to read the fine print to see what it covers and what it doesn't. It also pays to do research into how hard it is for people to put a claim on the extended warranty. I can udnerstand when people ahve been burned int he past it makes them more hesitant to do the same thing in the future.
As I said, its not for everyone and one doesnt "need" to do it, if you do there is nothing wrong with it as long you are comfortable with what you are doing....The odds are in favor of nothing ever happening that will require you to use that the EW, sometimes though people jsut feel better knowing if somethign odes happen, they wont have to drop a large amount of money to get the set replaced.....
Ive had electronice that ahve needed the extended warranty I got and those that never failed and the warranty was never used, on the items I did have it on (laptop for instance) I am glad I had it as the replacement parts cost more than the extended warranty did.
I dont care either way really, I know hte EWs are frowned upon here, but I thought I would give the flip side that some people do feel safer having them and there is nothing wrong with that.