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Re-activateOur colleagues at the Consumerist reported this week on the nine most common extended warranty sales pitches, as reveled to them by an industry insider. The story underscores a point we've made for years, that extended warranties are a bad idea. Our position is based on extensive surveys conducted by the Consumer Reports National Research and Testing Center. Among our findings:
Keep that in mind the next time you're shopping for an appliance and the saleperson says "We cover normal wear and tear while the manufacturer doesn't," number seven on the list of pitches.
—Daniel DiClerico
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