Should you get that extended warranty?

Michael Jay Geier, author of the bestseller How to Diagnose and Fix Everything Electronic, discusses extended warranties and electronics repair with the hosts of CBS Money Watch…

“Today’s TVs don’t have the longevity of [old-fashioned] CRTs,” says Michael Jay Geier, author of How to Diagnose and Fix Everything Electronic. The set that lasted long enough to become a social embarrassment to the owner’s children might last only three to five years now. That’s become a problem. “You’re getting to the point where people are buying [flat-screen TVs] and want to keep them for a decade, and they don’t last that long.”

Continue reading the full article on CBS Market Watch.