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They are a gamble like insurance - most are offered by divisions of insurance companies. When they sell thousands of warranties they usually make money in the long run. It depends on the vehicle. I did not buy one for the wife's Scubby and never needed it. I did not purchase one for my '02 Mountaineer and wish I did. Warrantied repairs will reach about $5000 before this year is over. All 4 wheel hubs and bearings have gone out and now the transfer case is shot. Thats about $3,200.00 just in parts.
So it really depends on the vehicle and how you use it. I pulled a trailer with this Mountaineer quite a bit (more than I thought I would) and it has taken a toll on the drive train.
I just purchased an '06 Honda Odyssey and will take the warranty thru Honda for 8 years/120,000 miles for about $1,200.00. I have the first 6,000 miles to decide.
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Randy
'87 911 Targa
'17 Macan GTS
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