How does the OT feel about new vehicle extended warranties?

Hell naw at full price. If you can negotiate down to maybe 700 bucks for the 100K then yes. They CAN negotiate. They like for you to think they can't.

Usually they are a waste of money and depending on the warranty company, they can be nearly impossible to get to pay out.

That said, I bought a car at Carmax several years back and got their warranty. It turned out to be a great warranty. Had a few issues, mentioned at the mechanic that I had the Carmax warranty. The Mechanic called the number, shared the invoice and was paid.

Another factor is the make and model and whether there are known issues with that specific model. If you're buying a 2018 Camry with under 100k miles it would be a waste of money. If you're buying a Ram truck with 90k miles on it, I'd consider a warranty depending on the price.

Generally, warranties are a significant profit center for dealerships. One piece of advice that regardless of your decision; if you do opt for the warranty pay for it up front. Do not allow them, under any circumstance, to add that to your loan. You don't need to pay interest for 3-5 year on that expenditure.

Don't do it unless it is directly through the manufacturer. 3rd party warranties are largely bullshite and a nightmare to try to get anything done with.

If you have a new car, say an F150.

New 2025 Ford F-150s come with a 3-year/36,000-mile bumper-to-bumper warranty and a 5-year/60,000-mile powertrain warranty.

Why would you buy a four year warranty that covers the same stuff ?

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How long do you plan on keeping the car?

What kind of car is it?

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Very much this. When I bought my current Tundra a couple years ago it was from a Chevy dealership. I had it very thoroughly checked out by more than one mechanic and I got to speak to the previous owner. Still, when going through the paperwork they put the hard sell on me to buy their extended warranty. After politely saying no thanks a couple times they amped up the pressure and I finally said "look it's a Toyota, not a chevy" and that finally shut him up. Now two years later it's been every bit as stone cold reliable as the previous Tundra I had and my wife's 4Runner.

I used to be firmly against extended warranties but now with the entire vehicle basically bing a computer - the cost to repair these fn electronics is outrageous.

If I need a warranty, I don’t need the vehicle.

Two Tundras bought, zero warranty purchase, 200,000+ miles on both, zero issues.

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I won't pay 72, 84 or 96 months on a loan. I can lease 2 cars in these periods, always be under warranty and use the best parts of a vehicle and turn it in unless may lease end value is lower than the current use car market value which I did with my Truck.

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This is exactly why I lease. Any idea that it's thousands to pay for new electronics alone if they go out? Not to mention a new transmission or engine problem

Lease: Smaller or same note. New wheels every 3 years. And never an out of pocket cent for any car issues. All covered during the lease term.

And I'm not stuck after paying out the nose for 72 or more months with an out of warranty vehicle that isn;t worth chit on the resale market.

I'm actually in the market for a new (used) car right now and doing my research I'm struggling to understand why anyone would buy a German car, or at least one that is not covered under warranty. The reliability ratings are terrible and repair costs exorbitant.