I am intending to buy Nintendo switch from JB and they are asking me to buy an additional 2 years of warranty by paying $60+. They also provide upgrade option to the newer version if something breaks after a year or so. Any thoughts on if it is worth to spend an additional $60 for the extended warranty?
The extended warranty are almost not even worth the paper they are written on. A large portion of the cost is passed on to the salesperson in the form of a commission for selling said warranty to you also.
Extended warranties for small appliances are almost always never worth the extra cost.
In the case of larger appliances like TVs and fridges there may be a benefit because cost of repairs can be larger.
Always check the terms of the policy you are purchasing because some of them have exclusions and terms which make them worthless and impossible to enforce when you have a problem with the product and want to use the warranty.
Yeah they are useless, I would almost say a scam. Use ACL for extended warranty for free.
Only time i bought an extended warranty was because i had a gift voucher and asked JB to price match some headphones. They would only match if i bought warranty so i did because of gift card. Ended up with a couple of problems with the headphones, was denied under extended warranty because it didn't meet the terms..
When i had a failure of guitar hero drums from JB, brought back to store and they exchanged for free under ACL no questions asked .
Hmm if I'm not wrong, Costco provides 5 years warranty for these things as long as you're still a member. Maybe something to consider?
additional warranty is always a scam