Are Annual maintenance contracts (AMC) really useful?At home, we have annual maintenance contracts (AMC) for the Hob and Chimney in the kitchen, water filter, washing machine etc since two years. But apart from the service, everything seems OK. We had to add a hard water softener attachment last week for the washing machine, the agent promptly said,sir this is excluded from the discount as mentioned in AMC. We also have an AMC for two wheeler but apart from washing and the oil change with 10% discount, we've not seen much benefit.
So are AMCs just cashing in on our psychology that it is good? Is is worthwhile to take these AMCs or is it just another product to make money? Has anyone had a genuine benefit from AMC for home appliances or vehicle maintenance.