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Comments
FWIW, I've opted to not buy a extended policy for any of my cars since 1989, and over that period my math shows that I'm about $11,000 ahead of where I would have been had I bought those policies. Have there been a few losses along the way? Yes. Has any one policy failed to at least break even? No; well, maybe. In one case the cost of the repairs I put into that car exceeded the cost of the extended warranty; that said, $2,600 of the repairs for that car occurred after the warranty expired, and as such, they wouldn't have been covered anyway. Said another way, I got a "free" transmission out of the deal.
I do about 5% of the repair myself and My Indy garage charges 75/hour and does not provide a loaner .
My advice: Check the car. If you happen to have access to the car's record check for any repair that looks like a partner. Then, plan for the worse case scenario and check to see if you could came out with some basic number. Ah make sure that both Inspection I & II has been done! Enjoy your car as much as you can as the maintenance cost of the ego of the Ultimate Driving Machine.