Homer Simpson: "Extended Warranty? How can I LOSE???"
Seriously, read the warranty carefully to see what it covers. Most extended warranties will only cover manufacturers defects. Basically, if your car has a manufacturers defect, either it will surface within the first few years of the cars life (i.e. no need for the extended warranty) or the company will take care of it free of charge (if it's a major blunder).
Basically, it's very tough to run into a problem that would fall under some of these "extended warranty" guidelines.
Just like with anything else. I once bought a cheap 19" TV for $200 (for my bedroom) and the guy was pressuring me into this $60 extended warranty. I kept refusing and he (thinking he was clever) said "Think of it this way, would you ever buy a CAR without an extended warranty???" - Having just recently bought a brand new car without an extended warranty, I said (with a smirk on my face) "Why yes, I just did"
He was still persistant and I said "Look, if the TV craps out on me, I'll just chuck it in the dumpster...I DON'T want the warranty!!!" - Here it is 8 years later, and the TV is still alive and kicking!
