Does anybody buy extended warranties on electronics?
I have bought extended warranties on electronics, both new and refurbished, mostly out of concern that the product won't last until the end of the warranty period. I recently bought one of those Dyson battery-powered vacuums (with a warranty) and had to replace less than 6-months later. I bought a snowblower/thrower from Sears with the extended warranty and two months after I renewed the warranty for a second time (two years after I bought it) the thing caught on fire (I know how does something like that happen?) and the engine was trashed. I called Sears and they sent a guy to replace the old with the new.
My biggest problem with the extended warranties is losing the paperwork and not being able to find it if I ever needed it, which is more of a user problem than a problem with the warranty. Overall I like the concept, but feel embarrassed buying them because everyone says they are crap and a waste of money. While I haven't used every one I have bought all in all I feel I'm ahead.