Source

No, Extended Warranties Are Usually Not Worth It

university research explainer Kellogg Insight, Northwestern University, October 3, 2019, summarizing Abito and Salant

Claim this source supports

“In about 45,000 electronics transactions plans averaged 24 percent of product price; buyers treated a 5 percent failure rate as roughly 13 percent; median willingness to pay fell from $50 to $25 when an expert failure estimate was shown”

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