If you need a new car, a big new appliance or are considering a major home renovation, you may be wondering whether you should forge ahead with the purchase now or shelve any plans to lay out a significant bundle of cash during these uncertain economic times. There are a variety of reasons why you might want to defer your plans or not.
Greater risks
Warranties are worthless after bankruptcy. If you're on the fence about a purchase, don't let something like an extended warranty be the deal-clincher. Many retailers, including carmakers, are forced to sweeten the pot to lure buyers in the door; sometimes, the very best deals are offered by companies in the worst financial shape. If the retailer goes bankrupt, your warranty is worthless.
Bigger bargains
