Extended warranty on new LCD television good idea ot not necessary?

Question

Getting ready to purchase a new 52' Samsung LCD 650 series, they want $400 for 5 years warranty. If they have to service more than 3 times they replace it etc. Its hard to justify a quarter of the cost of the tv to warranty, any thoughts?

Answer 1

Consumer New Zealand suggests that you should not be misled about purchasing extended warranties. Your TV, even if it comes with, let's say, a three year warranty, should still give you a good seven to ten years. A TV should not break within its useful life (7-10 years) and any faults, as long as they are not caused by you or anyone else, should be repaired in the appropriate manner, for free, or at a lower price.

The only reason you should purchase an extended warranty is if you are going to be using it for commercial purposes.

Answer 2

Consumer Reports recommends against getting an extended warranty, but does suggest putting it on your Visa or M/C (if your card has the coverage - Gold and Platinum cards, I believe) to get a one year extension without incurring additional cost.