Think it is a preference deal. Companies make good money out of offering extended warranties. Over all, the percentage that they actually have to pay out on is pretty low so still gives a good margin of profit. If there was not profit in them would they offer them? Don't think so. I was always a big proponent of not getting the warranties as a waste of money. That was then and this is now. First off, not an appliance store worker or seller of warranties. Just an a standard consumer that hopes they have done the best they could with their kitchen. Still an issue that is up to you, but in OUR instance we put a warranty on everything we just purchased with the exception of the microwave we bought as it was less than $100 (another story there that I've posted elsewhere). Here is why WE changed our mind on warranties. Moved into a brand new home. Replaced the builder appliances not long after moving in. Put in new fridge, range, microwave and dishwasher. The microwave went out. Ended up paying an authorized service tech over $100 to tell me "yep it doesn't work" and list off a bit over $300 in repairs that we would have to pay that was not covered by what was left on the factory warranty. Not long after the ice maker started leaking into the ice bin and freezing everything into one solid lump. Took the ice maker out and it was in sad shape. Not covered and the price of parts then was quite high. We still have that fridge and have been using bag ice in the bin for what little we use ice since. Maybe not the ideal, but now the part price is fairly resonable we may replace the ice maker. Range, while family were visiting we were cooking a roast. Closed the door to the range as normal. Did NOT slam it or kick it up and let it go or anything of the sort. Just closed it normally as anyone would. Front glass shattered in a million pieces all over the floor. Price to fix $250 as manufacturer was not going to cover it. Luckily we called the appliance store and they, as a service, came out and replaced it for no charge. That was the only highpoint to the whole experience. All these appliances were less than 3 years old. So, long story to get to this point of our buying warranties on everything we just purchased for our latest kitchen redo. With most appliances only offering a year in which they cover everything parts and labour (varies by brand) we just did not want to chance it with the amount we were now spending on appliances. For a range, freezer, washer, dryer, drink fridge, wall oven we ended up paying $539 in warranties so everything is covered parts and labour for a full 5 years. Just a gamble either way. We paid out $539, but get it back and perhaps more if we end up needing it (includes replacement of entire item if repaired twice for the same issue). Sure, the companies could go belly up, but then as I said it is a gamble either way. If you don't buy the warranty then you are gambling that all is okay and that after the initial warranty period is over for each item that you will not have a problem with them. Way WE looked at it is sure we'd save the $500 we spent in warranties, but then with today's prices it would not take much to go wrong for us to spend that much to repair something or have to replace it. With $5000 in a range an extra $139 didn't seem much to spend to us. Written a book a usual (sorry to all), but probably the best thing to do is look at the items you are wanting to buy and read through and have the warranties explained in detail on each. Then make your mind up on if you want to purchase the extra warranty. Best of luck. Cheers

In general extended warranties are a bad idea and just represent extra profit for the dealer. You could take that $1670 and save it in case you need to use it for repairs. That will cover a number of repairs and will enable you to hire whoever you want to do them. With extended warranties you may be locked into a particular company such as A&E which has a terrible reputation. Now some people will jump in and say how much money they saved but having an extended warranty and that is true in individual cases. Also, not all extended warranties are created equal - some are from the manufacturer and some are from 3rd party companies which sometimes go out of business leaving you high and dry.

Momma, I wouldn't consider spending money on an extended warranty. Most extended warranties have all kinds of disclaimers and it makes it difficult to actually get the repairs made. I am an authorized service center for a major manufacturer who is truly outstanding. They offer a full year warranty (not appliances) and will always allow me to err in the favor of the consumer, including many times to repair when the product is actually out of the warranty period. OTOH, I am also a service center for an extended warranty center. I have had to go to bat for the consumer many times as the warranty center was more interested in a quick fix rather than a long lasting correction. I always refuse to do a half baked job and I have to be adamant in making the repair correctly even though it costs the warranty center more. My point with this is, not all authorized service centers will go the extra mile for the customer. The end user is truly at the mercy of the repair people to go to bat for them and many just will not spend the extra time to do this. I would squirrel away the amount that an extended warranty would cost and use this towards any repair if needed. A good local repair shop is usually more accommodating and know their business inside and out! HTH. Holly

GE Microwave Oven purchased with TDAmeritrade credit card for the extended warranty. Microwave stopped heating food/liquids after 1.75 years. Claimed since Warranty only covered 1 year. Warranty Manager denied claim stating that installing a microwave constitutes it becoming part of real estate which isnt covered. After sending in a reconsideration request, Warranty Manager never responded to our weekly calls/requests for update. Dont count on getting reimbursed. It's a BIG time gimmick, marketing scheme to entice you to use one credit card over another. After weekly calls to Warranty Manager, and after a month, they denied our request since it's "installed." It was a hellish month to go without the microwave and only to add to our frustration was the lack of customer service.