Quote:
Originally posted by EdT82SC
Extended warranties are nearly pure profit. It's kind of the same as the way as fast food joints selling fries and drinks. They make a decent profit on the burger, but on the fries and coke it's like 90% profit. When in college I worked for an electronics store, and the salesmen pushed them because they got a high commission on them, but they all said it was a waste of money to get an extended warranty.
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I don't think that I would make a blanket statement like that. My father bought a tread mill from Sears and got a warranty. The things would burn out after about a year of heavy use, and he would get a new on free. Best Buy has a replacement warranty that is pretty simple and they back it up.
Its easy to say they are a rip off, but talk to the guy thats had an RMS problem on their boxster at 51k.......