A native Californian transplanted in southern Illinois.Well, my son's ipad quit working. I bought it in December 2011, and I did purchase a 2 year extended warranty.
I located my receipt and took it back to the store (Best Buy). They determined it was not fixable and exchanged it for a new one. Then I had to make a snap decision I was not expecting, did I want to buy another warranty? I opted to buy another 2 year warranty. Upon refection, I am thinking I made a mistake.
The price of the 16gb ipad was $499 when I originally bought it, but is down to $399 now. The 2 year warranty was $158.01. Well, that is almost 40% of the cost of just buying a new one! What do you think? Should I contact Best Buy and see if I can decline the extended warranty and have them reverse the charge?
In other news, I decided I didn't have enough of my portfolio allocated to total stock market, and so moved 5% from total international stock market. And that's it, I am done "tweaking" my mix. I have a pattern. I stay hands off for a year or more, then play with different tools (such as Future Advisor) and decide I need to make some changes. Then I am unhappy with the changes and gradually move back towards what I already had! It's dumb. Lesson learned.
Made Mistake Buying Extended Warranty?
January 9th, 2013 at 03:22 am
January 9th, 2013 at 03:31 am 1357702284
January 9th, 2013 at 03:39 am 1357702745
Definitely try to cancel it. I never buy warranty on my electronics because of 2 reasons: 1) Most credit cards have build in extended warranty (it's not well publicized) and 2) Obsolescent
January 9th, 2013 at 06:52 am 1357714335
January 10th, 2013 at 02:45 am 1357785929
We don't pay for any warranties for *anything.* It's about as useful as gambling is - very clearly in the house's favor.