[darklord700]

When you have 1 more year of warranty left, I wouldn't buy one. The only time I think you should buy one is when a large repair bill will cripple your finance. But for a car like the Mazda 2, I doubt that will be the case for most people.

Extended warranty is not a get out of jail free from repair option. You still need to pay for normal wear and tear like brakes and tires.

The only chance you'll win in this case is if major components fail like the transmission or engine fail. $1500 is a lot of money for a small car like Mazda 2.

In my 20 years of owning everything from 15 year old cars to brand new car, I have never seen a repair bill that's over $1500. That $1500 repair was for the heating system when they had to take apart the dashboard to fix. Other than that, it was the timing belt and water pump that came close to a grand but that's probably normal wear and tear and won't be covered by extended warranty anyway.

If you didn't feel comfortable buying a used car without extended warranty, you would be better off buying one that you're comfortable with. Some thing like a Corolla or Civic, I know they are boring but I highly doubt you'll be that unlucky to get hit with a tranny or engine repair bill with those cars.