Extended warranties are basically an over/under bet, and the house almost always wins. @
extrashaky, I'm glad the gamble worked "to your benefit" this time.
All I can add is my personal experience. I have never purchased an extended warranty, but have tracked it against issues. Maybe I'm the other side of the exception, but I have never had a repair that would have been covered under an extended warranty period on the 8 or so cars I've purchased where that would have been available. So, if we take the $1,500 cost that is $12,000 I would have "thrown away".
The one time I did have an engine completely disintegrate in a car it was under the standard warranty, and well within it. 1998 Chevy Astro threw a rod and made a hole in the crankcase the size of a baseball. New engine went almost 200,000 miles and was still running when I got rid of it.