Join Date: May 2015
Vehicle: 2002 SLK32 AMG - SOLD - Victim of cam failure - Looking to buy SLK55 AMG
Other Toys: Obsessive gear head, audiophile and IT fanatic.
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I, too, was tempted by the extended warranty hype years ago, as the perceived security/peace of mind is powerful; I'm glad I decided to save up the cash instead. This same (maintenance "free") philosophy is shared by those that endlessly lease their vehicles, to their own financial loss. In short, don't do eeet!
As others have correctly recommended, save the cash in a savings/money market account and pull from it when necessary. The odds are in the favor of those offering the warranty, which should give you some piece of mind.
Maintain regular maintenance with an independent shop (or by yourself), keep good records, and enjoy your vehicle.