I have no doubt that this topic has been discussed before, but I've gotta ask what you all think of automotive extended warranties (given my current car-shopping adventures).
I've already heard responses from both ends of the spectrum, from "I'd never buy a car without one" to "Don't even think about it, they are statistically a waste of money". Right now I say BOO to statistics considering that I just happened to recently fall into the 0.01% of people whose 3800-II engine actually caught fire in accordance with GM'* recent recall. Anything can happen anytime, so I should buy a warranty on my replacement car right? Any specific things to look for, companies to avoid, good or bad experiences, etc.?
I think I've made up my mind, but I figured it can't hurt to check with the population here before I sign on the dotted line.