Extended Warrenty???


I recently puchased a 65" Mitsubishi big sceen TV. The dealer was really pushing the extended warrenty (5 years for about $350). Are these necessary? Helpful? Do you really need to clean/realine these every year? Any thoughts would be appreciated as I can still get in on it before the TV is delivered. Thanks!
revdog
Extended warranties are nothing but a retailers attempt to part you with more of your hard-earned money. Don't buy them unless you're extremely faint of heart.
for 13 years, i worked as an attorney and manager for the u.s. federal trade commission. one of the most frequent questions our paralegals received was: "are extended warranties worth buying"? the standard answer was: "no, unless they are offered directly by the manufacturer." still true. as others have said, they are really disguised extra profit margins. just like "credit life" policies offered by mortgage companies. -cfb
Kelly- I guess I feel a little better about the warranty I purchased (given the roar of disapproval...) as the TV I bought was from our local Sony Store and therefore the warranty is thru them.
rgd: sorry to cause more precipitation on your parade, but the warranty is likely bogus unless the warrantor is SONY, not your retailer. -cfb
these are like the lottery: save yourself some time by throwing your money out of the car window as you drive by the gas station...