Are You a Dolt If You Buy an Extended-Service Contract?

SMITH BRAIN TRUST -- The holiday season is a boom time for the sale of consumer electronics, which means it’s also prime time for retailers to push extended-service contracts onto their customers. The contracts lengthen the terms of manufacturers’ warranties — for a hefty fee. Consider that Best Buy right now is charging $310 to insure a $480 laptop against spills, drops or other damage for three years.

Back to Top