To purchase the extended warrenty or not?

Well this was pretty interesting this morning... while driving to work, I was listening to the Marketplace Morning Report a story came up about whether or not to buy the extended warranty. The funnier part is that we (Lauren and I) just bought a laptop from Circuit City and they kept trying to get us to buy their extended warranty.... and of course we didn't. I came to the conclusion that if the biggest selling point was that is covered new batteries, it wasn't worth it. Anyways so this morning there is this story.... (link)

MARKS: Well the most basic is to use your credit card to purchase any product you buy. And I shouldn't say all credit cards, it's mostly gold and platinum cards, but most credit cards actually give you extra coverage or they extend the manufacturer's warranty for up to a year. So that's one tip. Two: We always advise people, if you are going to get an extended warranty, do not pay more than 20 percent of the product's replacement cost for that warranty. That's just too high.

Well if 20 percent is the break point, lets see the laptop cost about $750 and the warranty was going to cost about $400.... I think we made the right choice.

ps... I would of posted this this morning, but not having the "blogthis" bookmarklet working with BloggerBeta..... I have to much of the work by hand