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JUST WEEKS BEFORE THE birth of David Bieler's daughter, his digital camera went kaput. No worries, thought the 36-year-old from Poughkeepsie, N.Y. That's what the $100 extended warranty he'd purchased was for. He quickly shipped off the camera along with an urgent-sounding note that he'd need the camera back right away.
Little Jocelyn was nearly three months old by the time the camera was returned to him. He had long since purchased a new one.
Extended warranties on appliances and electronic devices are a huge business. They're offered by retailers and third-party providers on everything from washing machines to Apple iPods. But what sounds like a great idea when you're in the store, experts and burned consumers warn, might not be worth the added cost. Consumer Reports has concluded that extended warranties are often a waste of money simply because many products tend not to break down during the first few years of service. And even when something does go wrong, you might have a tough time getting it fixed thanks to the small print on your contract or, in Bieler's case, the hassle factor.
Since extended warranties are claimed so rarely, the profit margins on them run as high as 40% to 80%, says Marlys Harris, finance editor for Consumer Reports. That can pad a company's bottom line nicely. During 2004, in fact, nearly 100% of Circuit City Stores' and 50% of Best Buy's operating income came from extended warranties, say analysts. Is it any wonder that the big box retailers aggressively push these contracts?
and New Zealand Ministry of Consumer Affairs says;
Have you ever bought a new television, or another expensive item, at a shop and not been offered an extended warranty? Whenever you buy a new fridge, washing machine, dishwasher or anything else for that matter, you’re more than likely to be confronted by an eager sales assistant offering to sell you an extended warranty. Truth be told though, most of the time when you buy consumer goods for personal use you don't need an extended warranty.
All consumer goods sold in New Zealand are covered by the Consumer Guarantees Act. This act says that all goods must:
You should think about whether you will need extra cover. But remember to read the fine print; there may be some exclusions that the warranty doesn’t cover, like certain parts, faults or costs.
If you’re going to use the goods for your business, a warranty may be useful because you won’t have the protection of the quality guarantees given under the Act. Also, if you’re buying goods at an auction or by tender a warranty may be useful as, again, you won’t have the protection of the Consumer Guarantees Act.
For further information on the Consumer Guarantees Act, visit the Ministry of Consumer Affairs website.
Regards,
Old3eyes
Xt1ncT: I too am looking at either the 50' or 42' Panasonic Full HD Plasma.
My question is this - if I also get a quality Reveiver/Amplifier that upscales will Skys TV1/TV2/TV3 have better quality pictures, or should I still get the free Freeview box that comes with the Panasonic TV?
I was going to get the DVD HD Recorder, but am having second thoughts now. I'm having MySky HDi installed later this month.
Cheers
Rob
“We’ve arranged a society based on science and technology, in which nobody understands anything about science technology. Carl Sagan 1996
JoeBloggs: If you are going to feed a proper signal (already upscaled/digital) into the Panasonic, go with that. Quality is on par and plasma has natural advantages over LCD, plus it's cheaper. Otherwise if you still use Sky SD or will be plugging in your standard roof aerial cable go with the Sony, it upscales much better.Bollocks. I've spent alot of time with both. I've got the Panasonic and my father in law has the Sony. The Panasonic is definitely better, even for Sky SD via component connection. The Panasonic plasma produces a better picture all round. That said they are both very good, but I'd definitely give the Panasonic the edge.
Dingbatt:Yeah this is the TV I've just bought.Xt1ncT: I too am looking at either the 50' or 42' Panasonic Full HD Plasma.
My question is this - if I also get a quality Reveiver/Amplifier that upscales will Skys TV1/TV2/TV3 have better quality pictures, or should I still get the free Freeview box that comes with the Panasonic TV?
I was going to get the DVD HD Recorder, but am having second thoughts now. I'm having MySky HDi installed later this month.
Cheers
Rob
Any day now the TH-50PZ850 plasma with built-in freeview terrestrial decoder is arriving.
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