“I wonder if it now makes sense to buy the extended warranty.”
Sellers of extended warranties expect to make a profit at your loss.
Yes, I know, which is why I have never bought them. If a machine is going to break down, though, I’d rather it do so while still under some sort of warranty. In the past, I could generally count on an appliance to last a while.
So it's like any other insurance.
“Sellers of extended warranties expect to make a profit at your loss”
Right TG, and the same as all insurance. Clarifying, the profits come from the people who lose the money paid in but don’t experience loss of any insured articles. For insurance companies a loss is an expected expense, like employees and equipment. Sophisticated historical analysis sets their rates.