Consumer Reports released a report which claims that LCD and Plasma TV’s require very few repairs within the first 3 years. Consumers who buy the extended warranties on Plasma or LCD TV’s this year will be wasting their money. It’s very unlikely that anything will happen within the first three years! Thats great news for people who are about to purchase these items for Christmas gifts.
LCD and Plasma TV’s have a 3% repair rate according to Consumer Reports Annual Product Reliability Survey for December. On the other hand, Rear-projection TV’s were found to have a much higher repair rate than LCD or Plasma TV’s.
Panasonic’s 50-inch TH-50PZ700U Plasma TV was named Consumer Reports’ best flat-panel TV ever tested.
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Among those that required repair, the average cost was $264 on LCD TV’s and $395 on Plasma TV’s.
If you insist on buying the extended warranty on your new LCD or Plasma TV make sure it is no more that 15% of the total cost of the TV. Some retailers push you to buy this but remember the average price for a repair would be much less in some cases than the extended warranty.
Flat panel high definition TV’s were at the top of most peoples wish lists this Christmas. It was closely followed by a Windows based notebook computer and a digital camera.
Remember, before buying a big ticket item
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Read [http://www.evalguide.com/the-5-biggest-mistakes-people-make-when-buying-a-high-definition-tv/]5 Biggest Mistakes People Make When Buying a High-Definition TV before you make your purchase this year.