MT Week - Do you really need an extended warranty?

Whether it’s a big appliance or an expensive gadget, one of two things will invariably happen the moment the manufacturer’s guarantee or warranty expires.

Either your purchase will abruptly stop working just out of cover, or it’ll keep going for years as a trusty workhorse.

Unfortunately there’s no way of knowing which one it’s going to be, which makes the extended warranty offered by retailers all the more tempting.

But is an extended warranty worth it? Or are you paying for something that you don’t need?