I'm generally against extended warranties too. However, I have bought them on three cars and in every case I got back between 70% and 100% of what I paid for them. So I did lose money but I never had to worry about getting them repaired. I keep a vehicle typically for at least
15 years so I look for a very long warranty purchased separately from the dealer. They run from 7 to 10 years in length and the typical cost per year is $170. It can be thought of as prepaying for repairs- For example, on my new car with a 10 year extended warranty I'm effectively paying no more then $350 a year ($100 deductible) for any and all repairs (I'm only counting the 7 years after the factory warranty runs out). If I didn't have the warranty I'd wind up fixing it my self most of the time (that's just the way I am) so it's also like paying to not have to work. And while others don't care about the "peace of mind" aspect, I do. It's a lot different when you are looking at paying for an extended warranty on a blender, I'm not likely to get stuck out of town due to my blender breaking down and have to go to some unknown repair shop and hope for the best at whatever price they quote.