What you should do is take that $2300 and put it in a high yield savings account. Maybe even set up a direct deposit from your paycheck to throw $50 a month in yet. Now you have your own extended warranty. And guess what, there is no expiration date, no mileage limits, no exclusions, no deductibles, and you can earn interest. Heck, you don't even have to use it for one car. How do you think these extended warranty companies make their money. If you drive a Lexus, and you have a couple grand you want to put towards a warranty, put it in a savings account first. They are pretty reliable cars, I'm willing to bet you don't spend $2300 in repairs in the five year limit you would have with some extended warranty. And when you do need repairs. Ask the service consultant upselling you a lot of questions, figure out the math. Ask them what the book time is on the repair, thier hourly labor rate, individual parts prices, and make sure they aren't charging you over retail. When you ask a lot of questions and keep them on their toes, it keeps them honest, and you will save money.
And whats up with half these threads being advertising to sell extended warranties?
Brandon