Here's my experience, if it's the one they try to you sell in finance, you can talk them way down. I think I got them down to around $1300-$1500, can't remember for sure. Anyway, I would say it's not really like an extension of the factory warranty. Mine works a bit like an insurance policy, I have to pay a $100 deductible for any claims, and it does cover a loaner vehicle, and towing if needed. I've had to use it for my clock spring, HVAC controls, a water pump, fan motor and AC compressor most recently. This was over 3 claims so it's cost me around $1600-$1800 total to have it so far, plus a lil interest in the loan.
So, I think I'm probably at a break even point with it. With my mileage in the mid 80k range, I think I like having it. I'm guessing that replacing my AC compressor and water pump at full pop would've about paid for the policy I purchased.
I guess it's probably a gamble either way, you hope you don't need it, but it's nice to have for the big issues. I've never had them give me an issue over anything about my jeep, or try to deny a claim, just a hunch, but I think they profit from these plans.
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