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Originally Posted by andy 1
as an ex domestic appliance engineer and my experience with hotpoint appliances,i hope youv'e taken out the extended warranty because your gonna need it.
most of my calls where to hotpoint appliances
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we had a hotpoint machine which lasted about 10 years. Eventually the bearing failed, probably as a result of too heavy a load being put in. Based upon that experience we bought another hotpoint machine and its been great. The white goods appliance we've had fail is a Bosch dishwasher and that failed afer about 3 years and needed a new controller which was pricey.
However I would never take out extended warranty, it often adds 50% to the price of the appliance. If theres a 50-50 chance its going to fail in that time then i believe the extended warranty company are going to "generally" win. So why pay them, you might as well keep your money. If you think about it, most people have 4 + white goods in the house so on that basis if you pay the extended warranty on four items you might as well have bought 6 items with no warranty as it will be about the same price. So for example if one of the four items fails you can spend your reserve and buy a new item and still make a profit.
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Originally Posted by handyman
I never ever take out extended warrantys or guarantees. on any product.
I sell them I know what the mark up is  |
spot on, how many people do they pay commision? how much does the insurance company actually receive? the pricing of the insurance product will mean that a fair proportion of what is recieved is priced as profit
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Originally Posted by andy 1
and as for the extended warranty being a con my toshiba tv that i'd had for 4yrs and 7 months went wrong and couldn't be fixed. glad i had the extended warranty, mastercare gave me a credit note for the original purchase price 1500 quid.
i am now the owner of a new tv dvd recorder and a digital sound surround machine all thanks to mastercares extended warranty.
so i'm afraid i disagree with you there the extended warranty worked for me.
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so you happy with that through personal experience. But on a sample of 1 that cant be considered as the norm
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Originally Posted by andy 1
please read my post 52 again handyman about how long it takes to do a bearing or tub change on a hotpoint.
i must have been editing my post when you posted
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you told us, 90 mins