Quote:
Originally Posted by DAVES
Wow-several lessons. My mother taught me never to sign anything without reading it.
That saved me tons of grief. Often, we are told you have no need to read it. Strange reaction when I tell them they have no need of my signature.
In general the guidance is do not sign and pay for above the warranty that comes included in the purchase price. Often, when the salesman suggests extended warranty for you new xxxx. The profit on the extended warranty may be more than the PROFIT on the item. To push it the sales person often is paid some sort of bonus.
Budget? We keep an emergency fund. For others, they may need, want an appliance fund.
On a lighter note. My sister has a refrigerator still working with the motor on top.
The motor has the date of manufacture and it was made in 1936
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Very often the salesman gets paid for the warranty and the profit on warranty is higher than on the appliance. Staples used to have warranty on $ 20 items with cost of warranty 5.
In the long run almost all people will be way ahead by self insuring