Take advantage of Limited Warranty

Generally electronic goods carry a limited warranty on purchase. First you must read the limitations and the coverage of the warranty . Mostly the companies give warrenty based on the some lab tests and the statistics. Most electronics items may just survive the warranty period and may fail very soon after it. The cost computed by the company the product may fail in next year is proportional to

Percentage of people opting extended warranty * probability of that the product may fail * Max cost of replacement.

On the initial days we would take extreme caution the product. Then later on we would reduce the care that we take exponentially over time. This increases the probability  the product may fail after the warranty period.

So what can we do ?

Don't hesitate to use your product extensively within the limits given on the warrenty during the warrenty period. Try to extend the warrenty to another year if the product's average life expectancy is above five years.If the product survives it has a greater probability that it would serve the entire average span. And don't forget to have your warrenty card safe.