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[Q] Warranty worth it ?

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By Closingracer, Junior Member on 7th February 2014, 10:06 PM
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Do anybody actually buy warranties like squaretrade for nexus phones and find it worth it ?
 
 
7th February 2014, 10:15 PM |#2  
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It comes with warranty anyway. I don't expect to use it much after warranty expires.

Insurance in the other hand, for me - yes! Accidental damage, theft and loss. Im inlucky so the peace of mind is worth it. Not everyone is the same

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7th February 2014, 10:34 PM |#3  
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Well the one I am considering is the squaretade one which doesn't cover loss and theft and while I am covered currently with one of AT&T I am moving to t-mobile because it is cheaper per month and they don't sell insurance on devices you bring with you and in my case the nexus 5 I bought on the play store

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7th February 2014, 10:36 PM |#4  
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So you're asking if insurance is worth it? Not warranty (manufacturing defects)... but the insurance doesn't cover loss or theft? What does it cover? Accidental damage only?

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8th February 2014, 04:39 AM |#5  
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The "extended warranty" that is sold is one of the highest profit items for a retailer.

Same goes for the "equipment protection plans" or whatever they call them these days.

Figure what the chance of you using the plan/insurance is over the couple of years your phone is worth replacing. Remember that they will probably replace it with a "refurb" and not a new phone. Multiply the chance of you using it by about $200. (A new Nexus is $400, will probably be worth $200 in a year or two, and $100 not long after that.) That $8 a month is about $100 a year. In two years, you could have held onto the cash and, if something happened to your phone, easily bought a replacement yourself, or used the $200 to trade up to your next shiny object.

As pointed out above, even if you do buy it, what does it really cover?
Last edited by jeffsf; 8th February 2014 at 04:46 AM.
8th February 2014, 04:42 AM |#6  
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Quote:
Originally Posted by jeffsf

The "extended warranty" that is sold is one of the highest profit items for a retailer.

As pointed out above, even if you do buy it, what does it really cover?

Covers damage which is what I care about.... $75 deductible is much cheaper then paying $455 after taxes to buy myself another nexus 5(32gb).. Better question is the nexus 5 durable to survive minor drops?

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8th February 2014, 04:44 AM |#7  
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Quote:
Originally Posted by Closingracer

...t-mobile...don't sell insurance on devices you bring with you...

Are you sure about that?
8th February 2014, 04:48 AM |#8  
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Quote:
Originally Posted by Closingracer

Covers damage which is what I care about.... $75 deductible is much cheaper then paying $455 after taxes to buy myself another nexus 5(32gb).. Better question is the nexus 5 durable to survive minor drops?

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Quote:
Originally Posted by PhilipTD

Are you sure about that?


When I went to the website and looked at pricing of plans and picked bring my own device it didn't give me an option to pick jump plan or a equipment protection plan at all


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8th February 2014, 05:31 AM |#9  
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Quote:
Originally Posted by Closingracer

When I went to the website and looked at pricing of plans and picked bring my own device it didn't give me an option to pick jump plan or a equipment protection plan at all

You may want to check it out at a store.
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