Are extended appliance warranties worth buying?

JimmyTheWig

david39 wrote: »

If the cheap one goes wrong now, we will just dump it and buy another

That's what we did for a while, including buying a second hand one from eBay which lasted about a month. So decided to go for a Dyson, which we couldn't afford to replace if it broke - so went for the warranty. Dyson engineers have been brilliant over the years.

But I agree that your approach is completely valid, too.

27col

Treacle44 wrote: »

We are about to buy two large appliances, a Rangemeaster range cooker and a Samsung American Fridge freezer.

Is it worth adding on and extending the 2 year guarantee to 5 years for both? Think the cost is around £400 direct with Currys.

Or would the multi appliance cover from Warranty Direct be better?

Thanks

In a word, neither. Just put the premium away each month and if it is required you have the money available to pay for the repair. If no repair is needed then you have the money available to replace the appliance or to spend on what ever you like.

sunshinetours

Treacle44 wrote: »

We are about to buy two large appliances, a Rangemeaster range cooker and a Samsung American Fridge freezer.

Is it worth adding on and extending the 2 year guarantee to 5 years for both? Think the cost is around £400 direct with Currys.

Or would the multi appliance cover from Warranty Direct be better?

Thanks

No no and no!

As others have said put the money into an account and build up a repair fund if you need it in the future.
You may want to also google Samsung American F/F's or visit ukwhitegoods.co.uk for advice on appliance purchases as they do not have a good reliability reputation. Admiral or Maytag apparently are the more reliable brands as "real" American Fridge freezers

keystone

Just to add my 2c to what most others have said - NO!

Cheers

Treacle44

More or less a resounding no then!! Thanks for the replies.

I can understand not getting one with cheaper stuff under £500 but thought it may well be worth extending to 5 years on the range as it's £1,500!!

Mankysteve

As rule of thumb no there not worth it. There are some exceptions though ie richer sounds extended cover.(I wont go into detail)

sunshinetours

Treacle44 wrote: »

More or less a resounding no then!! Thanks for the replies.

I can understand not getting one with cheaper stuff under £500 but thought it may well be worth extending to 5 years on the range as it's £1,500!!

Again check out the website i have suggested for more expert replies than you are likely to find here.
The point is not the price of the range but the costs of repairs and parts if they go wrong

inforeq

Treacle44 wrote: »

We are about to buy two large appliances, a Rangemeaster range cooker and a Samsung American Fridge freezer.

Is it worth adding on and extending the 2 year guarantee to 5 years for both? Think the cost is around £400 direct with Currys.

Or would the multi appliance cover from Warranty Direct be better?

Thanks

Hi. Depending on what type of bank account you hold, you can obtain up to 3 years replacement/repair cover free of charge. I know Barclays and HSBC do this, but again, it depends on the type of account. Barclays is a premier account and HSBC is probably the same.