For those who have the extra funds available should buy the extended warranty. I suggest those who havent researched car buying trends over the past 20-30 years do so now. As you may have heard from your elders, car salesmen were more honest back in the day and cars were built higher quality long last parts. Additionally, 3-5 year loans were unheard of then. 5-7 years seems to be the norm now. Quite sad. If you plan on keeping any car 3+ years imo you should get an "extended" warranty (which just so happens to be the same standard warranties on "older vehicles" of our time).
war·ran·ty (wôrn-t, wr-)
n. pl. war·ran·ties
1. Official authorization, sanction, or warrant.
2. Justification or valid grounds for an act or a course of action.
3. Law
a. An assurance by the seller of property that the goods or property are as represented or will be as promised.
b. The insured's guarantee that the facts are as stated in reference to an insurance risk or that specified conditions will be fulfilled to keep the contract effective.
c. A covenant by which the seller of land binds himself or herself and his or her heirs to defend the security of the estate conveyed.
d. A judicial writ; a warrant.
4. A guarantee given to the purchaser by a company stating that a product is reliable and free from known defects and that the seller will, without charge, repair or replace defective parts within a given time limit and under certain conditions.