Decide if an extended warranty is worth the price.
An extended warranty is worth it only if its price is below the expected cost of the repairs it covers. Warranties are priced to profit the seller, so they are usually a bad bet unless you expect an unusually high failure rate.
Warranty Cost
Compare warranty price vs expected repair cost (repair x probability)
Compare warranty price vs expected repair cost (repair x probability) An extended warranty is worth it only if its price is below the expected cost of the repairs it covers.
Warranties are priced to profit the seller, so they are usually a bad bet unless you expect an unusually high failure rate.
This calculator takes 4 inputs: Product price, Warranty price, Chance of repair, Typical repair cost. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.