I don't know about Australia as I'm in the UK but personally I wouldn't consider it for myself. You need to ask yourself a few questions:
* Are you likely to keep the car longer than 3 years? Sounds obvious but I get itchy feet and trade in by then!
* Will you get that cost back if you do trade in or sell - You won't, for sure!
* How reliable is the extended warranty? They are rarely as comprehensive as original manufacturer and may well have mileage, wear, parts and labour limits. You need to read the small print very carefully. It's an insurance policy after all and the dealer gets a sizeable commission for selling it.
** You can buy similar or probably even exactly the same at any time during the first 3 years you own the car so why stump up a lot of money in advance for something you might not want?
The odd occasion I've kept a car ( Audi and BMW ) past 3 years the manufacturer has contacted me near the end and offered extended warranty anyway.
Just my opinion of course but I wouldn't rush into it.
Bob
* Are you likely to keep the car longer than 3 years? Sounds obvious but I get itchy feet and trade in by then!
* Will you get that cost back if you do trade in or sell - You won't, for sure!
* How reliable is the extended warranty? They are rarely as comprehensive as original manufacturer and may well have mileage, wear, parts and labour limits. You need to read the small print very carefully. It's an insurance policy after all and the dealer gets a sizeable commission for selling it.
** You can buy similar or probably even exactly the same at any time during the first 3 years you own the car so why stump up a lot of money in advance for something you might not want?
The odd occasion I've kept a car ( Audi and BMW ) past 3 years the manufacturer has contacted me near the end and offered extended warranty anyway.
Just my opinion of course but I wouldn't rush into it.
Bob