Why you don’t need an extended warranty

I have been preaching this for a long time! Never buy the extended warranty on CE devices! It is a big money sink and a way for the big chains to make an extra buck.

From the article:

Two possible exceptions

are two caveats to our just-say-no advice: It's worth considering an
extended warranty if you're buying a rear-projection microdisplay TV.
Repair costs can be high, and these sets have been three times more
likely to need repairs than other types of TVs. We also think it may be
wise to get an extended warranty (which includes extended tech support)
if you're buying an Apple computer, because they come with only 90 days
of phone tech support.