Quick Answer: Are Appliance Protection Plans Worth It?

What does Dave Ramsey say about extended warranties?

Dave explains he is not a fan of extended warranties in general, and he especially dislikes used car warranties.

ANSWER: I never recommend extended warranties.

Used car warranties are especially bad, because they’re expensive..

Should I buy the extended warranty?

If you keep or lease your car for less than the length of your factory coverage, you do not — repeat, do not — need an extended warranty. If you plan on keeping your car until the wheels fall off, you might consider buying an extended warranty to cover repairs in the car’s fifth and sixth year or longer.

Will Bestbuy replace my broken TV?

Generally speaking, if a TV is damaged due to improper handling it would not qualify for exchange or return under the Best Buy Return & Exchange Promise.

Is CarShield a ripoff?

CarShield Response This company ain’t worth what they charge. They cover things that they KNOW will NEVER go out on their own. … Please do not waste your money in this company. You are better paying for repair out of pocket or trading your car in.

Does CarShield have a deductible?

CarShield pays claims directly to a US or Canadian ASE-Certified® repair facility of your choice. Our contracts have low or no deductibles to prevent stress to your wallet at a critical time. … All of our vehicle repair contracts include towing services to transport you and your vehicle to a safe repair facility.

Are washer and dryer protection plans worth it?

When Warranties Are a Waste of Money For less expensive items, an extended warranty or service contract may be overkill. An appliance that costs you $300 or $400 is certainly not worth protecting with a $200 warranty. Not only are these units cheaper to replace, but they are also usually less expensive to repair.

How good is Walmart protection plan?

Consumer reviews of the Walmart Warranty and Protection plan We checked with several reviewers to learn more about actual customer experiences and at Pissed Consumer.com, consumers gave the plan an overall score of 2.4 out of a possible 5 stars.

Is Geek Squad worth the money?

So long story short, the price is worth it if you think you are getting your money’s worth. Geek Squad guarantees quality and service, if something happens, Best Buy managers will make sure you’re completely satisfied and have the resources to back it up.

Should I buy appliance extended warranty?

Triminio suggests consumers should think about buying an extended warranty if the item costs $500 or more. If an appliance costs $800, he recommends buying one. Smart appliances may not last as long as their predecessors.

Why extended warranties are a waste of money?

A March study from Stanford University found that consumers may overpay for extended warranties because they overestimate the likelihood that a product will need a repair. Still, nearly a third of consumers have purchased one, with those buying exercise machines and major appliances most likely to to do so.

Are Best Buy protection plans worth it?

In my experience, these protection plans are only worth it if you’re spending over $1500 on the product. The price of the plans is often exorbitant and unnecessary. The employee might give you a “deal” on the protection plan, but read on to find out why that’s not the best for you, the customer.

Is CarShield a good warranty?

CarShield offers coverage for cars with up to 300,000 miles. This is on the higher end of coverage for most extended auto warranty companies, so if you have a car with high mileage, CarShield is a good choice. … Most contracts are also transferrable, meaning the warranty can still cover the car even if you sell it.

Who has the best extended warranty for appliances?

Top 5 Best Home Appliance Insurance CompaniesChoice Home Warranty.American Home Shield.Select Home Warranty.Total Home Protection.First American Home Warranty.

Is Car shield a ripoff?

“CarShield is a scam, I warn everyone who still wants to use this company. After three months of being enrolled, they denied us our coverage. I have never faced any other scam like this in my life. … I would not recommend this company to anyone.