Very few extended warranties are worthwhile. You avoided a store tax.  
The only extended warranty I've ever purchased is AppleCare for Macs.  
I think that's a bit of a ripoff as well, but it's a necessary evil.
Paul
On Jun 22, 2008, at 10:33 AM, Bruce Walker wrote:

> I'm interested in comments on what PDMLers think about extending the
> Pentax factory warranty (2 years in Canada) with an extended warranty.
> My impression is that Pentax lenses, especially such as the Limited
> ones, are very rugged and reliable and so an extended warranty is a
> waste of money.
>
> Background: I purchased a new SMC DA 2.8 35mm Macro Limited on  
> Saturday.
> This was my first purchase from a particular large Canadian photo  
> chain
> (Henry's).  I was taken aback by how aggressively the sales guy was
> pushing Henry's extended warranties on stuff, even on the UV filter!
> The lens was $449 Ca, and they want $79 for a warranty that will push
> total coverage out to 5 years.  I'm always leery of 3rd-party extended
> warranties on products that are generally solidly built and  
> expected to
> last for a very long time, so I declined it.  My take is that stores
> like this don't feel they're making enough on the bare products so  
> they
> want to load the purchase with useless add-ons.  (I know that many  
> feel
> that UV filters themselves are useless add-ons.)
>
> So, would you have taken the warranty on this lens?  Am I leaving  
> myself
> open to an expensive repair bill 3 years from now, or did I shrewdly
> avoid a "store tax"?
>
> Cheers!
>
> -bmw
>
>
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