Most manufacturers of washing machines offer a one- year warranty, covering all parts and labor for the machine. After the first year, the warranty typically covers specific parts. When you’re buying a new washer, however, you’ll probably hear a sales pitch for an
extended warranty. The question becomes: do you really need the extended warranty or is it not worth the extra cost?
These days, most big appliances are pretty reliable. Surprisingly, according to a Consumer Reports survey, it’s usually within the first year of use that a washer needs any maintenance or repairs, and that’s when it’s already covered by the one-year warranty. A washer that lasts the first year with no problems will probably hold up well the next four or five years.
Many consumers view purchasing a new high-end washer as a great investment. After all, they’re spending a lot of money—easily over $1000—for a machine they expect to function for a long time. They may see paying extra for the extended warranty as a necessary form of insurance. What customers don’t realize, though, is that manufacturers and retailers carefully calculate the odds of a major appliance breaking down and the cost of repairs when determining the price of that extended warranty, and in most cases, they’re the ones coming out ahead on the deal.
Deciding whether to get the extended warranty is a gamble. Your washer could be a lemon. It could have minor repairs that are cheaper to pay for as they come. Your machine may have no issues at all. It may be wiser to spend that extra money you’d plunk down for a warranty for a better performing washer. Some people still prefer that extra peace of mind knowing their appliances are covered. Before you decide anything, just be sure that you understand all the terms of agreement so there are no nasty surprises down the road.
|Brittany Rowland researches new developments in Appliances, Kitchen and CE products features with a vigor to which few would aspire… but someone has to do it. See more about Brittany|
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