3243: Is There Value in Buying an Extended Warranty? By Laurie Sepulveda with Women Who Money

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🗓️ 10 August 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3243: Laurie Sepulveda unpacks the true cost and often-overlooked fine print of extended warranties, showing how these contracts rarely offer the value consumers expect. Learn when it makes sense to say yes, when to walk away, and how to get peace of mind without overspending. Read along with the original article(s) here: https://womenwhomoney.com/extended-warranty-value-worth/ Quotes to ponder: "Service contracts cost extra and are sold separately." "The chance of you needing a costly repair, even on a used car, are slim." "You may still opt-in for service warranties, even when you know, the math may not work out in your favor since you find value in the peace of mind the coverage brings." Episode references: Warranty Week: https://www.warrantyweek.com Federal Trade Commission – Service Contracts: https://consumer.ftc.gov/articles/extended-warranties-service-contracts National Automobile Dealers Association (NADA): https://www.nada.org Consumer Reports: https://www.consumerreports.org Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:32.5	Indeed.com slash show. Terms and conditions apply. This is Optimal Finance Daily. Is there value in buying an
1:42.1	extended warranty by Lori Sapulveda with Women Who Money.com.
1:48.0	You've budgeted for it for months. Now finally, you're in the store buying your long-awaited, fill-in-the-blank, dishwasher, iPhone, smartwatch, used car. Would you like an extended warranty with that, you're asked?
2:03.0	Huh, do I, you think? Typically, extended warranties are a relatively low-cost add-on to your
2:09.7	pricey electronic, car, or even home purchase. So it may seem like a no-brainer to buy an
2:15.4	additional protection plan for a fraction of the cost of the item itself.
2:20.0	However, when we dig deeper into extended warranties, things get a bit more complicated.
2:26.2	Warranties can add hundreds of dollars to the price of your item, and they often come with lots of fine print.
	...

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