Quote:
Originally Posted by missmollee
Any thoughts on the value of purchasing a five year extended Labor warranty for my three year old house? Parts warranty is still good for another seven years. Labor warranty is good for two more years. Cost = $1k for five more years on the labor warranty. Thanks. Woodstock John
|
Normally I'd say "no way" to extended warranties. I was in the automobile business for many years & we practically invented Extended Warranties and have made a fortune with them.
HVAC is a completely different animal. The "Parts" warranty on HVAC units is of almost no value. Most units come with a 1 year & 4-5 years of "parts". The parts are cheap, labot is the killer with HVAC units. These days, they almost all come from China and they surely don't last like they used to. I have a 40 year old Condenser at my home in MA, that still works perfectly. In Florida? I seem to replace a unit every 4-5 years.
$1000 for a 5 Year Warranty of your HVAC, that's already 3 years old? That's a steal. If it's a real warranty, that actually covers most everything, it's the cheapest peace of mind you can buy. Not only is it great deal, it's even better because your current unit is obsolete, as of January 1, 2025. The required refrigerant is changing on 1/1/25 and legacy units are going to get more expensive to repair.