Though in about 5 or so years, I will consider signing up for a service agreement
I have never signed up for an extra warranty or a service plan for any of the appliances that I have purchased over the years. But I do understand why some people subscribe to so many of them. But there are times when those service plans are just a waste of money, and they are mostly used by some businesses as part of their sales tactics. For example, my dad just purchased a microwave for about $200, and the salesperson was trying to talk him into buying an extended warranty. Fortunately, my dad turned it down because he knows that an extended warranty on a new microwave just doesn’t make sense. Why? Because it already comes with a one-year guarantee which is perfectly fine for a microwave. However, he just signed up for an HVAC maintenance agreement because his HVAC unit is about 17 years old. The unit is still working efficiently, but eventually it will begin to decline because of its age. The maintenance service agreement is a great way to offset some of the high repair costs. And if the unit begins to malfunction more frequently, the parts will be discounted per the agreement. Additionally, the agreement will provide HVAC maintenance and tune-up twice per year. This additional service will help to extend the life of the HVAC unit, so it is for sure worth the money. I don’t have an HVAC maintenance agreement because my unit is under 10 years old. Though in about 5 or so years, I will consider signing up for a service agreement. Anything that I can do to extend the life of my heating and cooling system is worth the money to me.