Instore warranties
You’re in an electrical store having just splashed out on a 32inch flatscreen TV, fridge or washing machine.
The salesman raises the horrible spectre of your shiny new buy breaking down.
Why not take out an extended warranty for extra peace of mind.
Stop! A recent survey by the Office of Fair Trading OFT found the average washing machine repair costs around £55. So a tumble dryer would have to break down three times for you to turn a profit on the average five-year extended warranty costing £150.
Extended warranties are almost ALWAYS a rip off.
