Disclaimer: Links on this page pointing to Amazon, eBay and other sites may include affiliate code. If you click them and make a purchase, we may earn a small commission.
I've had my truck for 4.5 years now and have had only the worn bushings (wear and tear) and the leaky water pump (TSB issued). The truck has been flawless. Why would I bet against my own truck? The extended warranty here is nearly $4k to take the truck from 5yrs to 7yrs coverage. I just can't see it paying for itself.
The other consideration for everyone is the chance you buy the extended warranty, then get involved in an accident that totals your truck. That's money out the window that you never get back. LR knows all of these factors and they make bank on it.
It's up to the individual to make their own decision, but for me I would rather bet on its continued success.