To buy or not to buy the extended warranty

[pdxrealtor]

I'm in a bind here and can't make up my mind. Funds are a little tight and I've never been a guy who goes and buys any extended warranty what so ever.

However, reading this forum has got me thinking about the GMPP extended warranty.

Here's a couple things I need advice on.

I'm only driving about 8k miles a year, give or take and I've got 32k on the clock.

If I buy the 4 year GMPP at 8 k a year that will drop me off at 64k miles. Seems to me that 64k miles is just about when things will start to go wrong and really more of the mark an extended warranty would be needed.

The extended warranty is 1550.00. There are a lot of things I can fix myself and if the chance of repairs going much over that aren't that high I'd rather bank the money and pay for the repairs over the next four years.


What do you guys think?