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This is always a hard call. The biggest problem with a lot of the extended warranties is their small print list of things that are not covered. Sometimes that list is more extensive than what is covered and can be sneaky in the wording (i.e. "car must be serviced by an approved vender only or this warranty shall be considered null and void"). If you check it out and it seems to cover at least all the major things it maybe worthwhile for peace of mind.
Now all that aside my personal opinion is I will never pay for an extended warranty. This is based purely on the fact that of the 10 new cars my wife and I have owned I have never once had to do a major repair once the warranty ran out. This thought process may come back to bite me some day but I figure that at this point I am at least $15,000 ahead by not buying warranties so if I have to do a major repair it is already paid for.
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Racecar spelled backwards is Racecar, because Racecar.
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