NEVER BUY A WARRANTY. Sales…
NEVER BUY A WARRANTY.
Sales people like to scare you with ridiculous "what if" costs. The fact of the matter is they make commission on selling warranties just like they on cars and parts. The warranty companies are also in the business of making money. If the majority of people used the coverage enough to cover the cost of the warranty, they would be out of business now wouldnt they..?! By purchasing a warranty you are betting against yourself. You are betting you bought a low quality vehicle that will break or that you dont plan to take proper care of it. The warranty company is betting it will be fine and they will pocket that money you paid them. In addition even though you might have paid for a warranty, getting the company to actually pay for parts and repairs can be very challenging. You cant just neglect the car and expect them to pay for repairs. They will dissect the manufacturer recommendations for services. If they find something you missed, they say "sorry you didnt change the trans fluid like the owners manual recommend. No warranty for you".
Dont let the parts prices scare you. There are always much better options than they like to make people believe.
Keep your money. Invest it in a mutual fund. In 5 years after your warranty expires, you will have at least double that in the fund. Now you extra money to pay for "what if" repairs instead of throwing away money you likely will never use