I've quit everything. Now what ?

I tend to steer clear of extended warranties. They may seem like a low outlay every month but they all add up and over the years come to a fair bit of expenditure. I have my reasons for this.

First of all we have the Consumer Rights Act in place to protect us in terms of the quality and longevity of our purchases.

http://www.which.co.uk/consumer-rights/regulation/consumer-rights-act

Most items we purchase have at least a 1 year guarantee if not more, and it is the retailer responsibility to carry out any repairs or replacements under the warranty or guarantee.

Over and above the 1 year cover we are also protected by the Act in that if an item fails to live up to its promises - and can push for repair or replacement outside the initial warranty period. Most items we purchase should operate well beyond 1 year. It may be a hassle to get a repair or replacement carried out but how likely is anyone to have a run of bad luck with lots of items failing.

Items we buy today tend to fail less than previously, with improved technologies and manufacturing processes.

Finally - if an external warranty is used the item is likely to be removed for repair and it may be quite some time before it is returned - and in the meantime you have to cope without it. I would rather think about the age of the item and decide if it may be worn out and perhaps decide to replace instead of repair. At the time I can decide what my budget allows - new - second hand - or refurbished.

I just think its hassle to have to deal with some remote warranty company by phone and depend on them to get my washer or whatever sorted out. Better to keep the monthly payments and perhaps put them into another savings account to accumulate a sum to be used for replacements or repairs by local tradesmen as and when needed.

My only exception is my gas central heating boiler. I pay monthly maintenance for that to ensure I get an annual service and priority treatment shouldl the heating fail in the middle of winter.

another_casualty wrote: »

Actually , on reflection it looks like I should cancel the extended warranties . At the end of the day I expect to get a year from these white goods . Probably more . I'd be better off buying like for like once they start to deteriorate .

Good Decision AC