Consumer gteeYou’re at the store buying a new TV and just as you hand over a fistful of your hard-earned cash, the store clerk asks you –

“Would you like an extended warranty with that?”

Extended warranties, a store will tell you, are peace of mind. They are the comfort that if anything goes wrong in the next 12, 24 or 48 months (except damage caused by you of course), you will be able to seek repair or replacement of your malfunctioning hardware at no extra cost.

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