Moar car whoas

Well, not woes (aha, badly spelled on purpose) so much as a conundrum ... that I think I've solved as best as I'm able. The car dealer selling me the Impala is also offering a 4-year/48,000-miles (whichever comes first) warranty ... for an extra $1,900 that includes tax. It would repair anything that goes wrong with the car within that timeframe. (A drivetrain is $400 less, but that's still substantial.)

I thought about purchasing it, then changed my mind. It's not a manufacturer warranty; the best way to describe it is it's like a car repair insurance policy. If you don't buy, you're gambling that you'll spend less than $2,200+ (the cost and taxes, plus interest on the 5-year loan) on major, non-maintenance repairs before the warranty time expires; if you do buy, you're gambling you'd spend more than that in the same timeframe.

Here's my reasoning: It's a 5-year loan. The warranty will expire before the loan is paid off. By not buying the warranty, I shave $2,000 off the base loan amount, cutting my monthly payments by close to $40 a month (which will come in handy, since my insurance is set to go up $20 a month - OUCH). Even with that, it's going to be tight making the monthly payments because of incredible amounts of credit card debt I have built up from when I was unemployed and woefully under(paid)employed for years. But the BIG thing is that frankly, if something needing that much repair is going to go wrong with the car, I'm betting it's unlikely to happen within the warranty period, when the car is still under 100,000 miles.

I have a few hours before I go to the dealership to sign everything. Anyone want to contradict me with better logic? I'm game. :-D

EDIT: Bad weather has forced me to wait until another day. So advice is still appreciated.

Today's Public Service Announcement

Don't forget, those of you who observe Daylight Saving Time, that at 2 a.m. the clocks will jump forward one hour. (Do it before you go to bed and you won't be grousing about losing an hour during the day tomorrow afternoon.)

Also, an art recommendation: Some lovely NSFW mature-rated Jack/Will art. She posted it also on turningpirate but since you need to be a member to post comments there, I'm linking to her personal journal entry so you can leave a comment if you like.