Five Reasons 'Extended' Warranties Are Worthless - - Oklahoma City, OK - News, Weather, Video and Sports |

Five Reasons 'Extended' Warranties Are Worthless

Posted: Updated:
File photo File photo

When buying anything from a car to a camera, more times than not you are offered an "extended warranty" which is at a cost to you. So, we wanted to know if an extended warranty worth the money. According to a Consumer Affairs report, there are at least five reasons they are not.

First, the warranty usually cost more than it's worth, especially on low end electronics, where it would be cheaper to replace it in a few years than repair it.

Second, the warranty may be unreliable. Some companies don't use their own repair techs and instead use subcontractors that may or may not be able to fix the issue.

Third, certain repairs aren't covered. The warranty may not cover what you think it does, so read the fine print.

Fourth, be aware the warranty underwriter may go out of business, making the warranty worthless.

And finally, watch that the extended warranty doesn't overlap the manufacturer's warranty. In that case, you could be paying for an extended warranty concurrently while you're already under a manufacturer's warranty.

Click here to read Consumer Affairs report in its entirety.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.


Breaking political news & the latest headlines from the state capitol & D.C.


See where weather is happening using our live interactive radars.


Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.