For those who have purchased new cars, did you also purchase extended warranties and/or maintenance plans?

I purchased a new car yesterday. For those who have had this pleasure/pain, you know that part of the deal is sitting with the dealer’s finance person and having them try to sell extended warranties and maintenance plans.

The one he was selling specifically would have extended the warranty to 6 years/120,000 miles and the total cost (before interest, I believe) was $1,500. I forgot what he originally said it would cost, but when I was resistant he came down on the price to $1,500. On a 48 month loan it would have meant about $50 extra per month. I said no. He acted like he was honestly baffled at why I would pass up something like that. I was honest about why I passed it up – I have faith in the brand of vehicle, I am cheap, I am tired, I want to keep the monthly payment down.

He had other deals available. You had to decide on the spot. If you went for any of the deals, you could cancel a few weeks out, within a certain window (I think 45 days or something).

Times when you’ve purchased new cars, did you also purchase an extended warranty or maintenance plan?