5 Tips About Warranties

Warranty 2

Whether you just bought a computer, flat-screen TV or washing machine, chances are you were offered an extended warranty.  Here are 5 tips to help you make the decision.

•  Retailers will push them.  They make more money on the warranties than they do on the products themselves.

•  Know the difference between an extended warranty and a service contract.  An extended warranty protects you against manufacturing defects; a service contract provides varying degrees of maintenance.

•  You probably don’t have to decide on the spot. Many retailers let you add extended coverage up to 30 days after your purchase. Go home and research the repair costs and track record of the specific item. 

•  Not all warranties are alike.  If you think you do need one, be sure to read the fine print.  Don’t be afraid to negotiate with the retailer.

• You may already have coverage. Your credit card company may extend the length of your manufacturer’s warranty.  Check before you shop.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.