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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Wednesday, June 21, 2006

Extended Warranties for Your Personal Computer

Do you know why at Best Buy or Circuit City they always ask if you want an extended warranty on your personal computer you just bought from them? Because companies make big profits from those warranties. The extended warranty is rarely taken advantage of to make the money you pay upfront.

Think about:
  • How fast technology advances--in 5 years you will not want your computer to be replaced with a similar computer
  • How well you take care of your stuff--if you take care you won't need an extended warranty
  • Is it something you know you would follow-up on if your computer broke down
  • Do you have so little faith that you are willing to pay a high price for an extended warranty?

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