Should I buy washing machine warranty ?

ASH999

Hi, I have bought 3 new appliances last year and the warranty has ran out,Fridge & Washer (beko) cooker (Baumatic)

Items are running all well at the moment.
I got a quote from D & G for £6.00 a month on each or £15 a month for all 3 items.

I really would like to buy warranty (for piece of mind) but pay something like £75 for 3 years.D&G would have done this sort of package but it has been over 1 year.

Are there any other good companys out there that will do this package ?

I want to cover washing machine and fridge only cus it gets used alot.

Thanks

whitegoods_engineer

Go for it. A labour charge on its own will be at least £60 plus parts, so in any one year, if you have 1 call out, you'll be winning! It's a no-brainer at that price!

molerat

The question you should be asking yourself is why have you not been putting £6 per appliance per month in a savings account ? It is called self insurance. I do it for the dentist as well, I am currently about £1500 up.

VfM4meplse

Most people will agree that spending on extended warranties for white goods is a complete waste of money, as you would have to be very unlucky for them to break down. If you're still concerned take molerat's advoce.

whitegoods_engineer

molerat wrote: »

The question you should be asking yourself is why have you not been putting £6 per appliance per month in a savings account ? It is called self insurance. I do it for the dentist as well, I am currently about £1500 up.

Good idea in theory.

However, what if the machine breaks down in 3 months time and needs £400 of parts and labour?

Also, If I had a 'repairs fund' I couldn't trust myself not to dip in and spend my accumulated money!

Personally I'd go for insurance.

macman

Mad-most white goods are very reliable. How often does a fridge break down? Or a cooker?
Put the £6pm 'repair fund' in an account where there is penalty for regular access.
About as sensible as pipe insurance or satellite dish insurance. In 3 or 4 years you'll have spent the cost of a new appliance, when you could have £300 plus interest instead.

verydeeppockets

Insurance is a waste of time - £72 a year just for the washer?
Any quote for £400-worth of repairs would see the washer in the skip and a new one in it's place. Not very green, but a lot cheaper.
Put a bit aside each month, then when it does break go buy a decent brand - we have a basic Bosch washer that's now 12 years old and has never had a problem...
Famous last words

LandyAndy

whitegoods_engineer wrote: »

Go for it. A labour charge on its own will be at least £60 plus parts, so in any one year, if you have 1 call out, you'll be winning! It's a no-brainer at that price!

One call out a year?:eek:

It's about 9 years since I called a white goods service engineer out (to an oven). My washing machine is 16 years old, my freezer about the same, my fridges 10-15 years old each, my drier at least 30 years old. None of them have ever developed a fault.

Extended warranty on these things is complete waste of money.

LandyAndy

whitegoods_engineer wrote: »

Good idea in theory.

However, what if the machine breaks down in 3 months time and needs £400 of parts and labour?

Also, If I had a 'repairs fund' I couldn't trust myself not to dip in and spend my accumulated money!

Personally I'd go for insurance.

Erm...well..if you start to put that aside from day one, you have the manufacturers warranty period to build up a fund. You only have to put aside the price of a new machine and then you can stop saving safe in the knowledge that you can repair or replace.

LandyAndy

verydeeppockets wrote: »

Insurance is a waste of time - £72 a year just for the washer?
Any quote for £400-worth of repairs would see the washer in the skip and a new one in it's place. Not very green, but a lot cheaper.
Put a bit aside each month, then when it does break go buy a decent brand - we have a basic Bosch washer that's now 12 years old and has never had a problem...
Famous last words

Mine is 16 and still going strong.;)

SailorSam

The only warranty i have is on the central heating, it seems whenever you buy anything now they try to sell you a warranty to go with it. I wouldn't be paying out the extra it's not worth it, most things are reliable these days.