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Just a point here about extended warranties. Whilst there may be some which "aren't worth the paper they're written on" the main problem is that people are being sold over-priced warranties through high-pressure (and often mis-leading) sales tactics by salesmen who are only really interested in the commission they're going to get on the deal.
However if you look at the whole extended warranty business, there are some interesting things to note:
For instance, the vast majority of consumer electronic items etc sold these days are sufficiently reliable that they don't *need* a five year warranty. Also you now have substantial rights from the Sale of Goods Act 1979, the Sale and Supply of Goods to Consumers Act 2002 *as well as* the protection of Section 75 of the Consumer Credit Act which means that if you buy anything over £100 on a credit card, the card company is jointly and severally liable for any problems that arise.
Also the salesman won't tell you that it is *not* necessary for you to buy the warranty when you buy the goods, nor that you can buy "all products" warranties for lower prices from insurance brokers instead of from his shop, nor that your credit card or household insurance may *already* have similar coverage for goods failing after the guarantee runs out...!
Extended Warranties? Just say No!
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