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Question DetailsAsked on 6/2/2014

is buying an extended warranty on washer and dryer a good idea?

Just bought new washer and dryer, LG front loaders on pedestals, trying to figure out if with all the electronics and the size of these appliances if an extended warranty would be a good idea. Would appreciate any feed back from those that might have some knowledge about extended warranties and if they are a good thing or not. Thanks.

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Prevailing wisdom suggests you avoid extended warranties in general. The rationale is that most new appliances will fail within the manufacturer’s warranty if there really is a manufacturing defect, and last a long time if they make it through that warranted first year. There is another reason and that is that a service call, while not inexpensive, is usually far less than the cost of the extended warranty.

You may wish to review the LG washer and dryer repair frequencies in consumer magazines and online for help there.

An extended warranty MIGHT be justified if you are doing an extraordinarily high number of loads…not just a lot but into the realm where perhaps a commercial unit is an option.

Lastly, I also have an LG pair on pedestals that has lasted 8 years with about 5-7 loads per week. I had an issue with the washer last year but only because it was not properly braced for a household move. The cost to fix was about half of what I would have paid for an extended warranty 8 years ago. Glad I kept the money.

Source: Consumer magazine suggestions, personal experience

Answered 3 years ago by SalisburySam

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Here is the opposite point of view to Salisbury Sam's -


Electronic appliances, LG, front loader - those are three good reasons in my book to buy extended warranty for as long a period as you can.


I always recommend mechanical dial type washers and dryers like the cheaper Whirlpool/Kenmores, and NEVER front loaders unless you are on concrete slab with nearby floor drain where seal leakage won't hurt.


The new electronic appliances are continual maintenance headaches and cost FAR more to repair because usually it is not a "repair" at all - the repairmen commonly cannot or do not know how to diagnose failures, so it commonly becomes a matter of replacing boards and sensors and wiring harnesses and all - even though the problem is commonly just a loose connector or bad or dirty sensor, so repairs run into the hundreds commonly.


And make sure the warranty is one good wherever you might live, and actually honored - hence I recommend Sears warranties - you might have to take a firm stance with them on coverage at times, and be sure it is clear that it is under warranty if they send a contract repairman to your place and that you personally are NOT paying a dime, but better than other warranties I have seen or heard about. One company selling large appliances actually states in the fine print that they will fix it under warranty but you have to get it to and from a central repair center at your own cost - and there are only about 3 or 4 places in the entire country !


Personally, I would (if I did not do almost all repairs myself) get extended warranties on ranges, furnaces, A/C - but not on washer, dryer, dishwasher, hot water heater because I figure if I can't fix it I will just replace it because professional repair would cost more than its value. Of course, I also install myself, so that cost is not a consideration to meeither - which might make a difference to some people, though for major appliances install and removal of old one is commonly free or almost so anyway. Reefers/freezers (without ice makers) last so long I would not get an extended warranty on them.

Answered 3 years ago by LCD




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