Extended warranties don't usually cover maintenance. I do all of my own maintenance and most repairs so I don't have any need for an extended warranty. I don't like inexperienced techs fumbling around with my cars if I can help it.

I used to think of warranties in general as a ripoff. They cost alot and you never seem to need them until they are used up. I was talking to a friend of mine who sells cars and he buys extended warranties on his vehicles. He seemed to think they were worth it which is surprising to me since he knows the ins and outs of the business and he knows how to work on cars. He did say that the 3rd party warranties suck. He only buys manufacturer warranties.

Personally, I'd rather save the money and put it towards the repairs that will eventually be needed. People think it's safer to buy a warranty but don't think about the risk of failure just outside of warranty. Then you have to pay for the repair and warranty.