Steve wants to know if he should get an extended warranty on an old Dell Inspiron laptop. Leo says no, that Dell is only worth about $200. If the computer breaks, it's just cheaper to buy a new computer.
Extended warranties are revenue streams for retailers. If it fails, it's going to likely do it in the first year. One thing to consider is to see what a comparable laptop will cost and then compare it. If he can't replace it with anything comparable, it may be a good deal. Generally speaking, they aren't a good deal.