Question

Consider the purpose behind an extended warranty. For what types of products might it be worth purchasing an extended warranty? In what types of situations may an extended warranty not be worth the extra money?

Answer 1

Products that might be worth purchasing an extended warranty will most likely be your car, house, computers you use for business & phones. In some situations, an extended warranty may not be worth the extra money, probably on a used car or a car you're not using, or some objects that are only good from the moment.

Answer 2

Step-by-step explanation:

Is it worth it to get an extended warranty?

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don't necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.

Why extended warranties could be a waste of money...

The worst thing about an extended warranty is that it is overpriced. In fact, about half of what you pay goes to the salesperson's commission. So a lot of the money you hand over doesn't even go toward the purpose of the warranty, which is to pay for things that go wrong with the car over the contract period.

(Make sure to change the words up a little) I hope this helps :)