Why you should take a pass on extended warranties for laptops, phones

Question: Are computer extended warranties worth buying?

Answer: No matter what tech device you buy from practically any retailer, it’s pretty likely that they’ll try to get you to pay a little extra for a “protection plan” that goes above and beyond the standard factory warranty.

In some cases, it seems like such a small amount of money that you may say, “why not get the extra coverage?”, but the credit card you made the purchase with may already provide this basic protection.

In the vast majority of cases, you’re simply improving the profitability of the sale for the retailer, which is why you’re seeing it virtually everywhere.

Many of the electronic devices you’ll buy today don’t have the moving parts that would commonly wear out in the past, making the “protection” even less likely to pay off.


https://www.azcentral.com/story/money/business/tech/2021/10/31/extended-warranties-electronics-what-to-know/6204440001/