In 5 years time that brand new 2G t.v. won't be worth much. I'd much rather take that $500 and invest in an upgrade. Think about that $500 price for a 5 year warranty: that's 25% of the purchase price! The depreciation on the set is probably at least 30-40% in the first year anyway. In fact, my set has gone down almost 20% in price in just the past 2 months. In my opinion, unless it's a steal, the extended warranty just doesn't make economic sense.