Our 06 Mercury Milan Premier was the best car in 100k miles I ever had. Drivers side door lock, radiator and alternator were the only repairs. If they didn't kill Mercury we would have purchased a new one.
When I think back it is surprising I still own a Ford. My 1991 Taurus SHO had all 4 oxygen sensors go that damaged the converters total repair cost $3700 with 52k miles on it. The oxygen sensors were a known issue with a CSP covering them to 50k, the dealer nor Ford would help me. I couldn't afford the repairs so I took a bath and traded the car. In my 1994 Taurus SHO (that I bought an aftermarket warranty on) when the AC went the aftermarket plan covered the compressor but they would not cover the compressor clutch. The factory clutch was retained and installed on a new compressor. The clutch for the AC exploded and did 10k in damage I traded it for a 1999 Mercury Cougar. My 1999 Mercury Cougar with 45k on it threw a rod and this was a known issue with the oil pan was redesigned because the rod bearings were not being lubricated as needed. Ford later lost a class action on the 2.5l oil problems. Had to flip for a used engine and install about $3000
Put the money in a current 5% 6 month CD.
BTW my Extended warranty just paid for itself. I got the BC 1.3 update and it exposed that something is wrong with the cameras in my car. Even with BC 1.0 the system would engage and disengage but BC 1.3 won't engage. The first time I tried to engage the BC system after the update the car headed toward the median and then gave me the resume controle message. They told me 10.5 hours of labor and have not given my the parts total yet. Glad I was covered.
Do whatever works for you. Extended warranties are a house wins thing. Consumer loses overall. Insurance is for losses you cannot afford.
