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Subject: "To buy a Best Buy extended warranty plan or not?" Previous topic | Next topic
OpticalSerenity Registered since 23rd Oct 2006Wed 17-Nov-10 04:17 AM
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"To buy a Best Buy extended warranty plan or not?"


Atlanta, US
          

I bought my D7k right when it came out, actually a few days early, at a Best Buy. And I was told I had 30 days to come back and buy the $200 protection plan that covers against drops / wear and tear.

Would you buy this? Or would you buy a Squaretrade or other warranty? Or just none at all. I've never had one on a camera and haven't broken a camera yet. However, I am going to Israel for two weeks and just a bit concerned.

  

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Replies to this topic
Subject Author Message Date ID
Reply message RE: To buy a Best Buy extended warranty plan or not?
JosephK Silver Member
17th Nov 2010
1
Reply message RE: To buy a Best Buy extended warranty plan or not?
dankeny Gold Member
17th Nov 2010
2
Reply message RE: To buy a Best Buy extended warranty plan or not?
ericbowles Moderator
17th Nov 2010
3
Reply message RE: To buy a Best Buy extended warranty plan or not?
RRRoger Silver Member
18th Nov 2010
4
Reply message RE: To buy a Best Buy extended warranty plan or not?
Golfster Gold Member
20th Nov 2010
5
Reply message RE: To buy a Best Buy extended warranty plan or not?
jjm203z
22nd Nov 2010
6

JosephK Silver Member Nikonian since 17th Apr 2006Wed 17-Nov-10 06:40 AM
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#1. "RE: To buy a Best Buy extended warranty plan or not?"
In response to Reply # 0


Seattle, WA, US
          

Statistically, these plans are a waste of money under normal conditions. I don't see a two week vacation being outside the norm.
The Nikon warranty should cover anything you need until it expires.

---------+---------+---------+---------+
Joseph K
Seattle, WA, USA

D200, 17-55mm f/2.8 DX, 70-200mm f/2.8 VR, 50mm f/1.4 D
18-70mm f/3.5-4.5 DX, 70-300mm f/4-5.6 ED, D70S

  

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dankeny Gold Member Nikonian since 29th May 2006Wed 17-Nov-10 07:02 AM
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#2. "RE: To buy a Best Buy extended warranty plan or not?"
In response to Reply # 0


Roland, US
          

Consider all hazards insurance. It covers drops, loss, theft, etc. You might want to consider covering all your gear. I left my 17-35 out at Pinnacle State Park. It was covered, and I would have collected, but some wonderful honest person found and took it to the ranger station. Extended warranty doesn't cover stupidity.

David

  

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ericbowles Moderator Awarded for his in-depth knowledge and high level skills in various areas, especially Landscape and Wildlife Photoghraphy Nikonian since 25th Nov 2005Wed 17-Nov-10 11:17 AM
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#3. "RE: To buy a Best Buy extended warranty plan or not?"
In response to Reply # 0


Atlanta, US
          

I avoid extended warranties and all the third party warranties on camera gear.

You already have a warranty on the camera.

The likelihood of an additional year or two being useful is low as most issues come up in the first 90 days.

If you need a repair, as a practical matter you will never spend more than 70% of the replacement cost of the camera - which will be less than half the purchse price.

If you buy a warranty, you have to deal with the restrictions on what is covered and the policy for repair or replacement (it's probably worth something to not have the hassle).

Warranties are extremely profitable for the insurance provider and the seller. That means you are paying a premium price that is mostly profit for someone else.

So with a warranty you are paying for something that has a low likelihood of use and insuring a value that will be much lower than cost and declining. My calculation would be a 10% chance of needing the warranty, a camera value when the warranty is used of $600, and it's worth $50 to avoid the hassle if you need the warranty. That implies a warranty would be a good deal at around $50 - not $200.

A rider on your homeowners will cover the basics and is much more economical.

Eric Bowles
Nikonians Team
My Gallery
Workshops

Nikonians membership — my most important photographic investment, after the camera

  

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RRRoger Silver Member Fellow Ribbon awarded for his long history of demonstrated excellence and helping other members with equipment, technique and DSLR video in the true Nikonians spirit. Charter MemberThu 18-Nov-10 07:53 PM
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#4. "RE: To buy a Best Buy extended warranty plan or not?"
In response to Reply # 3
Thu 18-Nov-10 07:55 PM by RRRoger

Monterey Bay, US
          

I got a 3 year extended warranty from Mack for $70.
It pays to shop for these.
I've sent stuff to them 3 times over the years and they either fixed it or sent it to Nikon for repair. I paid and additional small fee each time for handling.

Visit my Nikonians gallery.

  

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Golfster Gold Member Nikonian since 21st May 2006Sat 20-Nov-10 03:25 AM
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#5. "RE: To buy a Best Buy extended warranty plan or not?"
In response to Reply # 0


Upland, US
          

As a rule I do not buy extended service plans (ESC). However in two situations, i did.

I bought a Best Buy Protection Plan for a Sony plasma flat panel (back when these panels were very pricey)... it turned-out to be a total waste of money. The plasma is seven years old and still performing well.

When I bought my D200 from B&H, I did include a Nikon extended service plan... and that decision turned out to be a winner, winner! I had many D200 problems in year three of ownership that the ESC simply paid for itself many times over. As it turned out, the failures in the D200 were caused by my new Nikkor 300/4 lens; with the ESC there was never a problem or a challenge from Nikon on any of the repairs.

So would I buy another ESC? No. Generally, problems with electronics seem to arise within the first year of ownership. I never had a problem with my D100; the problem with the D200 was unusual. When the D400 shows-up or if I go with a D700, Nikon's standard warranty will prevail.

Best Regards, Dennis.

A Nikonian in California

My Nikonians Gallery

  

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jjm203z Registered since 17th Dec 2007Mon 22-Nov-10 02:18 PM
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#6. "RE: To buy a Best Buy extended warranty plan or not?"
In response to Reply # 0


Dupont, US
          

My second child, now 25 is hard on anything electronic. While she was in college i bought her a dell laptop with the all inclusive warranty. She used it several times and the last to replace the computer. I bought here a sony camera with warranty from best buy. And her broken camera was replaced

My 21 yr old in college now, HP notebook with all inclusive 4 yr warranty. Replaced lcd hinges twice.

ME - many nikon lenses, camera, eqip. No warranties. I try to be extra careful.

Your homeowners insurance my be able to include an all risk rider for camera equip that includes theft and breakage, but not mechanical problems.

Visit my Nikonians gallery.

  

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