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Are Extended Warranties Worth the Extra Bucks?

See how other users answered our extended warranty poll:

When buying consumer products, have you ever purchased an extended warranty?
  • Yes
    68%
     
  • No
    29%
     
  • I don't know
    2%
     
799 responses
Did you know that when a retailer sells you an extended warranty, they get to keep 50% or more of what they charged for it?
  • Yes
    16%
     
  • No
    79%
     
  • I'm not sure
    4%
     
799 responses
Were you aware that only 8% of TVs and 10% of digital cameras break within an extended-warranty window (typically around 3 years)?
  • Yes
    25%
     
  • No
    67%
     
  • I'm not sure
    6%
     
799 responses
Did you know that when electronics and appliances break, the repair often costs about the same as the cost of the warranty?
  • Yes
    32%
     
  • No
    63%
     
  • I'm not sure
    4%
     
799 responses