Originally Posted by willwren
I'd be really surprised if they'd offer a warranty for that old of a vehicle. They usually have a maximum vehicle age.
Right. It'* simply not cost-effective for an insurance company to insure cars that are old enough to be likely to have catastrophic claims filed sooner rather than later. I would be suspicious of any that would take your money for a '92 car, as far as whether they're ever likely to pay off on a claim.
If you've got enough money to spend on an extended warranty, put it into a CD at the bank, or set up a payroll deduction for deposits into your savings account. This way you will have a progressively-building nest egg, which you can use either for major repairs or an eventual down payment on another car. Either way, you win.
Shelling out the same money to an extended warranty outfit will, at best, leave you with nothing to show for it later on even if the car doesn't break down.