2013 Extended Warranty or Not ??

[Mattrolla]

Just hit 36,000 miles and was considering buying the extended warranty for another 60-72 k miles direct from Toyota . I think 60 k is around $1900 and 72 k is $2400 . This covers everything from bumper to bumper. I would still be paying for oil changes , brake pads ,and anything from wear and tear .
With it being a Corolla I really think it may be a waste , I use mobil one oil and I can do brakes myself .Any thoughts are welcome. Thanks folks

 

[Scott O'Kashan]

For $1,900, for that to be worth it, the car would have to have a catastrophic failure of the engine or transmission. The likelihood of that happening with a quality vehicle like the Corolla I think is very, very small. This is why they push extended warranty plans so much, because it makes them a ton of money.

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A Study of SAE 5W-30 Synthetic Motor Oils (G3115)
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Double-Length Sequence IIIG Engine Test Study (G3320) (520k PDF)
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