| dcotter0579 |
08-02-2010 07:28 PM |
"Extended warranties" are more properly called "prepaid service contracts". The company takes your money as a bet that it will have to pay back less than that amount in repairs over the life of the contract. They are armed with a large amount of data and a profit motive telling them that it is a good bet.
If they didn't think they could make money off you they would not be in business. Take the money and put it in the bank. Chances are good you'll be ahead of the game.
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