The rise of disposable goods - are TVs only good for two years?
Our all-consuming hunt for rogue pricing policies has led us to Amazon, and a rather shiny Panasonic 37" widescreen plasma TV. Nothing wrong with the TV, it's good to go. The devil's in the details here, as Bitterwallet reader Cybergenerx draws our attention to the warranty pricing:
"I would have thought you'd get a discount for taking out a 5 year warranty compared to a 2 year warranty," said Cybergenerx, "but if you work it out by yearly equivalent, the 5 year works out more expensive."
The same is also true when comparing the 2 year option to the 3 year option; the 2 year option is better value. And a quick check of other warranties on Amazon products reveal even more disparate pricing, such as these warranties for a Samsung 42" TV:
The more you think about this, the more you realise it isn't a case of mislabelling. This particular model of television only costs £508 to buy new, so why would anyone buy a warranty that costs over half the price? The message coming out of Amazon (although it isn't them supplying the insurance in these instances) would seem to be that beyond a two year period, it isn't in anybody's interest for these products to be repaired.
You can look at that one of two ways; either the television isn't expected to last longer than two years, or somebody would prefer we just buy new if it does goes wrong, rather than bother with the time (and expense) of getting it fixed.