[Dadhawk]

I have tracked this over the years with my various vehicles as I always keep them until they are basically scrap metal. I have never had repairs that exceeded the cost of an extended warranty (where the warranty would have been a benefit). This includes (only cars purchased new):

1977 Honda Civic. (went to 150K Miles, sold running)
1985 Toyota MR2. (went to 160K Miles, traded in running but no air)
1998 Chevy Lumina LTZ. (212K Miles, traded in running)
1999 Chevy Astro. (went to 250K Miles, traded in running)
2001 Chevy Astro. (went to 289K Miles, engine ate main bearings)

None of these had any repairs done to them under 100K miles, and had only minor repairs done between 100K and their demise. The one exception was the Lumina that was given to my son with 110K miles on it. it needed a transmission job after he inadvertently filled the oil by putting it in the transmission filler. (Yea, don't ask).

I also have bought a laundry list of cars that were outside of warranty and many already at 100K miles or more when purchased. I have NEVER had a repair bill on any of them that would have occurred within the extended warranty period, and would have recouped the money spent had they been covered.

So, short version, I would take the money, put it in a "warranty fund" account and self insure. Your mileage and experience may vary.