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Extended Waranty


Square Wheels

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Just now, RalphWaldoMooseworth said:

I just buy cheap laptops since they go obsolete in a few years anyhoo.  

I bought a super duper top of the line Dell about 15 years ago.  I will become obsolete next Wednesday when Microsoft stops supporting Windows 7.  I don't mind spending a lot and keeping it for 10 or so years.

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You’re buying peace of mind.
That last one I bought (1994, new vehicle) was b/c I was traveling a lot, had 2 young young’uns & it came with a rental/ loaner. It paid for itself the first time the AC failed & I made a “profit” the second time the AC failed. IIRC, it had the new type of Freon & there was a material compatibility issue. 
 

FWIW, I’d skip the add-on warranty. 

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24 minutes ago, Square Wheels said:

I bought a super duper top of the line Dell about 15 years ago.  I will become obsolete next Wednesday when Microsoft stops supporting Windows 7.  I don't mind spending a lot and keeping it for 10 or so years.

So it started as XP and made it to 7?  You could try for 10, or if not, it would make a great Linux machine.

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31 minutes ago, RalphWaldoMooseworth said:

You could try for 10, or if not, it would make a great Linux machine.

Nope, the video driver cannot be upgraded.  Do you want it?  I've never used Linux and don't want to start now.

4 minutes ago, JerrySTL said:

They offer extended warranties to make a profit - not out of the kindness of their heart. I do not get them.

Understood, but there is nothing on this that is user serviceable.

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2 hours ago, Square Wheels said:

I will become obsolete next Wednesday

That sucks.  :(

 

2 hours ago, Square Wheels said:

It will become obsolete next Wednesday when Microsoft stops supporting Windows 7. 

According to Microsoft, you can continue to use Windows 7.  Just no more updates.  I intend to stick with my 7 machine a while longer.

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18 minutes ago, Road Runner said:

That sucks.  :(

:) 

19 minutes ago, Road Runner said:

According to Microsoft, you can continue to use Windows 7.  Just no more updates.  I intend to stick with my 7 machine a while longer.

Understood, but it's a 15 year old, 10+ pound laptop, with no security updates available.  My kids all have laptops, so I can't imagine needing it.

 

I will send it to anyone who will put it to use.

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I plan to buy something new in the next year or so.  I'm just not going to panic and run out and immediately replace my current desktop just because there will be no more updates to 7.  I usually get a new security update about once every month or two.  I'm thinking that for at least 6 months or so, things should still be fine. 

I also think avoiding the big rush to replace 7 machines that is going on right now might be smart.  Then again, I could be wrong.  I guess we will see.  I plan to back up any files that are important and if I get invaded with viruses, so be it.  I sincerely doubt that will happen, though.

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The concept of extended warranty is actuarial in nature.  they make a profit selling which means they pay out less than they take in.  For you it means that your chances of needing it are less than your chances of not needing it.  If you are one of the lucky (unlucky?) one's who needs it then it was probably a good deal.  If you don't need it then you could give your money to me instead.  At least I will care if something doesn't happen to your laptop.  In fact, if something doesn't happen to your laptop during the covered period I'll give you back 1/3rd of your money.

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1 hour ago, Road Runner said:

I plan to buy something new in the next year or so.  I'm just not going to panic and run out and immediately replace my current desktop just because there will be no more updates to 7.  I usually get a new security update about once every month or two.  I'm thinking that for at least 6 months or so, things should still be fine. 

I also think avoiding the big rush to replace 7 machines that is going on right now might be smart.  Then again, I could be wrong.  I guess we will see.  I plan to back up any files that are important and if I get invaded with viruses, so be it.  I sincerely doubt that will happen, though.

It will be a progressive death. I expect them to move more swiftly in shutting it off than with XP. The first thing to die will be Internet Explorer. Web developers still write for IE (especially government and financial institutions) despite all the security holes. Even though it is still on Win 10, I think the end of Win7 will call their hand. Google will follow suit simply because they are helping develop then next gen Edge browser. 
Software development will fade away as well. If you use standalone Office products, I think you will be ok for a while. I think Office 365 will move quickly beyond Win7. Quickbooks, etc will not support Win7 in their updates unless you buy their Enterprise versions. 
I expect the same with printers. 
 

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5 hours ago, Square Wheels said:

I know these are almost always a rip off.

I bought an expensive laptop in February.  They are offering several levels of warranty including all inclusive, we come to you even if you spill something in it.

They range from 79 for the cheapest plan to 159 for 4 years top of the line in home, next day service.

What do I do?

What percentage of the laptop price does the warranty cost represent?  In 4-years, would you still want that laptop or would you want to apply the $159 toward a new, up-to-date one?  My rule of thumb for appliances is I'll consider it if it's less than 1/7 the price or I'm likely to break it.

Otherwise, not getting warranties means I'm likely to have a larger pool of money to pay for anything that does break that what I'm likely to spend on warranties for all.

I got a 55" Samsung Smart 1080p HD TV in July, 2015 when it dropped from $1200+ to $649 (including a $150 Costco coupon).  Costco doubles manufacturer's warranties, so I automatically had 2 years and I was offered an additional 3-years of an all-inclusive warranty for around $50.  I grabbed it because it was less than 1/10 the TV's price, I expected to keep it for a decade or more, and because I could see myself knocking it over by accident.  I've got half a year more before the warranty runs out and, by that time, I can get TV's that are smarter and 4K for the price I paid in 2015 for HD.  But the picture is SO good I hope it lasts a lot longer!

On the other hand, I got a refurbished (passed back through the assembly line, looks-like-new) HP 17.3" laptop for $519 (Walmart online carries them at great prices) that has Win 10, a full-sized keyboard, a quad-core 3.4 GHz processor, 12 GB RAM, 2000 GB HD, and all the usual bells-and-whistles. The extended warranty was around $100.  If the laptop dies in a few years, I think I'd rather get a newer, improved, refurbished one.

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11 hours ago, Square Wheels said:

I bought a super duper top of the line Dell about 15 years ago.  I will become obsolete next Wednesday when Microsoft stops supporting Windows 7.  I don't mind spending a lot and keeping it for 10 or so years.

Your work doesn’t buy you a laptop every few years? 
 

I used to get $ to spend for professional development, I bought a Mac book of two. Then they removed computers from the allowed purchase list, so I stopped buying laptops. Then they gave me a laptop, so I can do whatever I want with the $ now.

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