Moreover, most of the extended warranties kick in immediately instead of a year after the purchase when the manufacturer?s warranty expires. So the consumer ends up paying for free coverage. Electrical appliances also tend to breakdown either in the first year when the manufacturer?s warranty is valid, or near the end of three or four years of the product?s lifespan?way after the extended warranty period. So there is actually no point in buying an extended warranty. And most important, most of the people tend to lose their extended contracts, move, or even forget that they have an extended warranty in the first place. So the extended warranty proves useless unless the consumer has it on file and remembers it.
So to feel more confident about electronic products without buying an extended warranty buy products with a solid record of reliability to reduce the probability of a breakdown. Make sure the product has a regular manufacturer?s warranty and understand it well.
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