Should I buy washing machine warranty ?

LandyAndy

SailorSam wrote: »

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.

Now that is worth having.:)

27col

In 50years of owning washing machines we have only ever had one breakdown, and that turned out to be a result of a design fault. I would not dream of buying insurance. We can do this as we have always maintained a cash reserve for just such a contingency.

Biggles

whitegoods_engineer wrote: »

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

Then it wouldn't be 'fit for purpose' and the retailer would still be liable under the Sale of Goods Act.

And if it didn't need £400 spending on it, you would have paid that amount out for nothing over a period of only two years with this useless warranty. And you would carry on paying £180 each year, on the basis that, as it's older, it's more likely to break down. But if you were self-insuring, the older it got, the more you will be saving.

Niv

complete and utter waste of money. If you dont have a general savings account for replacing these sorts of things it is a good idea to do as others have said and save the £6pm seperately.

My fridge is 10 years old now, if I had paid £6pm for a insurance I would have paid out £720... that is about twice what I paid for it in the first place.

Niv

Procrastinator333

Insurance on anything like this is financial madness. The reason they push these plans so much is because they are so incredibly profitable for them. In many cases I reckon they make more profit from the insurance than the sale itself.

Every time you are offered insurance and are tempted, put the premium in a seperate account as others have suggested. It will only be a few years and you will look in that account, realise you have enought to replace something if it does break and still enough to go on holiday as well.

keystone

No, no and thrice no.

Cheers

doningtonphil

our 6 year old bosch washing machine started getting noisy. Identified bearings on way out. Had local washing machine repairers quote 250.00 for repair.
Domestic & General offer 1 year warranty for 9.99/mth. There terms & conditons DO NOT state that existing faults cannot be covered and they say you can claim the day after you take policy out.

Anyway, took policy out, phoned next day to report fault. referred me to bosch no questions out. Bosch/Siemens engineer arrived next day then came back 2 days later to replace drum.

Still got 11 months warranty on it too

[Deleted User]

Paid £200 for washer and £100 for 5 year warranty and already had 3 call outs in 3 years. With 3 kids the machine gets heavy use so is probably worth it for me.

macman

But the machine will already have a one or maybe 2 year warranty at purchase-you are simply paying twice for the same warranty.
If you'd spent £300 on a better machine instead, that would make more sense.

LisaW123

Deleted_User wrote: »

Paid £200 for washer and £100 for 5 year warranty and already had 3 call outs in 3 years. With 3 kids the machine gets heavy use so is probably worth it for me.

You will not get a decent washing machine for £200. Three breakdowns in three years seems excessive, even with pretty constant use. My own washer, although I fear nearing the end of it's life, is 20 years old, has seen a lot of 'action' over the years but has never needed repair. A £200 machine is probably best suited to single person, and very light use. Even then, I suspect something that cost so little would not be especially reliable.

If you have another two years warranty on your machine, it makes sense to stick with it. When the time comes to replace the machine, it would probably be more cost effective to spend more and get a better quality appliance. Miele are the gold standard. They are expensive but come with a 10 year warranty. Miele consistently top the ?Which best buy tables. Less expensive but still featuring heavily in the ?Which best buy lists are Bosch. You could pick up a lower spec Bosch machine for around £400.

I agree with most of the other posters on here. Insurance for white goods is a rip-off.