What to look for with the new Warranty Laws

Great news for consumers is that warranty laws have been beefed up and you have a lot more rights. Still in my humble opinion I recommend Extended Warranty.

As retailers and manufacturers try to work out exactly what the new laws mean to you and them a few things are clear, you are protected by an expected period of time. An expected period of time is unclear to what that means, but at least if you are a month out of warranty you can seek assistance from your manufacturer.

If you check your terms and conditions of an extended warranty a good cover will give you peace of mind with the following options. First and foremost your Extended Warranty should cover things like wear and tear that your normal warranty will not cover, Unlimited repairs so that you are never out of pocket on parts and labour, new for old cover so if the repair is uneconomical you will have a replacement with a new equivalent model, finally a lemon policy so if there is the same repair 3 times you have a replacement model.

The industry average for a repair is anywhere between $160 and $300. Most Extended Warranties cost less than a repair and thus a great investment to protect your purchase. 

I recommend an extended warranty for any purchase you make, no one likes to throw away something that cost them thousands of dollars because it would cost too much to repair. I'd just like to thank Daniel Bell for the inspiration to write this article.