Have you ever been pushed to buy an extended service contract or warranty in an electronics or appliance store? Most likely you have. These people are usually very pushy. That’s because they are on commission and they make far more money selling you the warranty than they do selling the product itself. Some salespeople use mind games, pressure and guilt to convince you to buy. So, when is it a good time to buy extended warranties? Never! Extended warranties are complete ripoffs. Consumer Reports conducted research on how often items break in their first year of ownership. The only item at all likely to break in that time frame is a computer. Everything else will most likely have no problems for the first five years. Why would you buy an insurance policy on something that is not likely to break? The only warranty Clark is even neutral on is a manufacturer’s extended warranty for a car. And even that isn’t necessary. But to buy a warranty on a TV that is not likely to break is just not smart.