Extended Warranties (Page 5): Check your credit card. Many will double the factory warranty.

SteveFranz Loc: Durham, NC

Check your credit card. Many will double the factory warranty.

Chiroman8

Thank you very much Hoggers for all your excellent advice as usual ! I made up my mind as I said in my question about coming to a general consensus by all your answers and again you people came through and were very thoughtful for taking your precious time in advising me. I will act accordingly.

Pax
Chiroman8

captxmas Loc: San Francisco Bay Area

Statistically not worth it but>>>> I must be the exception over the last 20 years.

I have had good success with MACK on two occasions when a camera was replaced and a lens replaced. Water damage to one and butterfingers with the other. I have purchased square trade for other things but have not yet had the need to utilize this company.

oregonfrank Loc: Astoria, Oregon

Chiroman8 wrote:

Hello Hoggers,
You people always come through and I always value your opinions. I do a general consensus after and I'm usually satisfied with the results so far.
Is spending the extra money worth it for an extended warranty? The camera cost will be around $4000 or will I be better off spending that money on extra equipment ? Thank you kindly & Pax.

I never buy extended warranties on anything including appliances and vehicles. My logic is: Over the long term, insurance companies must collect more in premiums than they pay out for claims or they would operate at a loss. If you are an average care taker of your equipment you will likely spend less on repairs/replacements over the long term than you would on extended warranties or any other kind of insurance. By “long term” I mean 20 - 40 years, long enough to average out your losses against non-losses. Frank

tomad Loc: North Carolina

Longshadow wrote:

Failures will occur, albeit low.

You're basically betting they will, the insurance company is betting they won't.
Guess who wins 90+% of the time?

Exactly, it's simply gambling, and betting on a long shot (inside straight!). If extended warranties were not profitable for those who sell them they wouldn't push them so hard... how many calls did you get this week trying to sell you an extended warranty on your car... I got at least one a day!

ronpier Loc: Poland Ohio

Chiroman8 wrote:

Hello Hoggers,
You people always come through and I always value your opinions. I do a general consensus after and I'm usually satisfied with the results so far.
Is spending the extra money worth it for an extended warranty? The camera cost will be around $4000 or will I be better off spending that money on extra equipment ? Thank you kindly & Pax.

You are covered by the manufacturer for at least one year as the original warranty. These extended warranties are insurance policies. Purchase insurance on items that you cannot afford to fix or replace yourself. Compare risk vs cost just like any insurance policy. No right or wrong answer. Up to the buyer.

latebloomer Loc: Topeka, KS

What about a used camera from KEH?

thephotoman Loc: Rochester, NY

I have extended warranties on all of my lenses and cameras. On my old camera and 2 of my lenses they paid off. Mac Warranty fixed everything for free plus shipping. So when I bought my EOS RP I got the Mac Warranty on the new equipment. The warranties are good for 5 years.

joer Loc: Colorado/Illinois

Chiroman8 wrote:

Hello Hoggers,
You people always come through and I always value your opinions. I do a general consensus after and I'm usually satisfied with the results so far.
Is spending the extra money worth it for an extended warranty? The camera cost will be around $4000 or will I be better off spending that money on extra equipment ? Thank you kindly & Pax.

Insurance is a convoluted gamble. The company bets that they will take your money...you pay them betting they won't. It seems like a loosing proposition.

Goldyrock

I bought an open box Minolta 5D from Circuit City. Bought a 5 year Mack warranty for $60.The camera failed 4 times in 5 years. The last time it failed was 3 days before the warranty was up. After waiting a month, the sent me a refurbished camera. I used it for a year and gave it away to a co-worker. She is still using it today. Best $60 I ever spent.
Also bought a 5year 60,000 mile warranty from VW on my 2006 Passat. Back then, it was $1000. I estimate the repairs that they paid for was about 7K. That included a new long block because of a fuel pump failure. Shavings in the oil.

Joexx

akamerica wrote:

An extended warranty is FREE. br br When you buy ... (show quote)

Good news, you are wrong on that Costco citi Visa card extended warranty. Most cards do as you said. Not this one. You will always get 2 more years no matter the initial warranty. For example. If you buy something with 1 year, you will now have 3 years. This is true up to a maximum of 7 years. It's the best deal out there.

gouldopfl

Morning Star wrote:

When extended warranty is offered in the store, I ... (show quote)

I never buy the warranty on electronics like TV's or computers. As a former developer for 35 years if my laptop goes bad (most for my purposes last 3-4 years, the new ones are always cheaper and so many upgrades. I just gave my wife my Dell and I purchased a ASUS Tuf706 with ryzen 7 4800h, 64 gig memory a 2060x video card, 1 tb nv.me2 ssd. The whole thing was 1500. The screen isn't as good as some, however when attached to my 34" 4k monitor it is fantastic

Sidwalkastronomy Loc: New Jersey Shore

I love the line. (Tongue in cheek.)
I give my broken laptop to my wife. lol

gouldopfl

No, my wife's died and I gave her my Dell when I decided I wanted a new one.... that kind of is the same, however happy wife happy life