Thoughts on new car extended warranties?

[jym626]

This has been discussed previously in detail here:

Extended Warranties - get them or not, and why?

There is an old adage, that says they won’t offer an extended warranty on products likely to need it and there is truth to that. As others have said, it really depends on your personal situation and how much does the warranty cost and what would it cost to repair. If you are generally cash poor, where you couldn’t lay out 2 grand to fix your hvac unit, then an extended warranty would be warranted for example. It also depends on how much you value piece of mind, too. I will tell you on cars that these days if you maintain a car and don’t overtax them, major things like the engine and transmission don’t fail that often, when I have seen them fail it is because the people quite honestly were often responsible, like towing something at the weight boundary of the vehicle’s engine and drive train. I also would be careful about who is offering it, those places that advertise on tv don’t have a good reputation, and there is fine print that needs to be looked at, like "proper care’ (ever lea…

And here:

https://talk.collegeconfidential.com/t/new-car-thoughts-leasing-paying-cash-and-extended-warranty/3666631/112