This is an imp question that whether one should take extended car warranty or not and we are here going with a contrarian opinion.
As per our recommendation, the extended car warranty is Not recommended at all. Please note that most of the parts which are susceptible to wear and tear like clutch plate, gearbox etc are not covered. Rubber parts and hoses are not covered. Suspension not covered. If there was any manufacturing defect in other aspects, you would know in the first year itself.
Why else do you think an extended warranty is cheaper although the vehicle is older. The car manufacturer also knows by now that your vehicle is fine.