Quote:
Originally Posted by royalkay
I have went through one reader. I really don't know how the screen broke, but I was on vacation and had it sitting by the shifter in the car. I read it at a rest stop about an hour before the trip ended, and when I went to read it at my destination, the screen was cracked.
I liked it enough that I bought another. This time I bought the accidental damage warrenty. (I wish I had bought it for the first one).
|
The extended warranty is just like any sort of insurance, it's a waste of money until you need it, and then it's a great thing to have purchased. The problem is that we don't have the ability to know when or if we're going to break whatever it is that we're buying the extended warranty for.
One thing is certain -- extended warranties is a huge profit center for stores and corporations, which means one very important thing: they take in far more than they spend for repair/replacement. That means that for most consumers, they're simply an extra amount of money that the customer gives the corporation and doesn't think twice. Yet if the product were offered for sale at the same total price (actual price plus extended warranty) even if it included a three-year full replacement warranty, that same consumer wouldn't look twice at buying it, they'd simply walk away without buying because it would be too expensive.
Bailey's first rule of commerce -- if corporations offer something for sale, they're somehow making a profit from it.
First corollary to Bailey's first rule of commerce -- if what is being offered for sale is protection, the odds of you needing it are close to zero, otherwise the corporations wouldn't make a profit from it.