Reged: 06/20/04
Posts: 428
Loc: Western Washington
Not to be the dissenting opinion ...
I would think very hard about refusing the warranty. I just bought a car in May, and I was in the same boat - I didn't want to pay for something that I might never use. But we realized that my lifters are hydraulic and will likely need to be replaced and that will cost at least $600. And if I ever got into an accident (which I did a week after I bought the car, but thankfully I was in my old vehicle) where my airbags went off, that would cost me $3000 to replace. I got the warranty, refused the credit insurance, and bought gap insurance (which will cover the remainder of my loan if the car gets totalled).
So now that I've given my opinion, if I were you, I would do some research on your specific car to find out if there are any items that typically need to be replaced in the first 6 years or so and see if that adds up to more than the cost of the warranty. I don't mean to make this harder for you, hon. I just don't want to see you lose any money! Hope this helps - good luck to you, and WAY TO GO getting a new car!!