Extended warranties are a money grab for the companies that sell them. 9 times out of 10, the person who buys one never has enough repairs to match the cost of the warranty. Easy money for the company issuing it. The few times a major repair is needed, they money they made off of those who don't use it more than pays for it.No but you’ll be paying $15,000 for a new engine once out of warranty.
And dealers get kick backs for selling them.