I bought the warranty when I bought my Tundra a year old from a dealer for almost $1000. I backed out on it after reading what it covers. Apparently, an ideal warranty would be bumper-to-bumper all inclusive. The Toyota extended warranty was too exclusive. Also, a good warranty will cover items that may wear out (other than tires, brakes, etc...) rather than mechanical failure only. If something wears out and damages something else it is not covered. Only if is defective.
Most warranties have some sort of weasel clause in them to void it. If you can't produce all your records from tire changes, oil changes, etc... they'll void it out! Remember, Toyotas are covered for 6yr/100,000 mi drivetrain warranty as standard (Tundra is) and extended service warranty is not an extension of time, but of items covered. Mostly items that don't normally break, or would be less expensive than the warranty cost.
Extended waranties supposedly are the largest money makers when a vehicle is sold. Remember, it's a Toyota!
IMHO, I would rather invest the cash and pay if something does go wrong. I'm sure you will find others that disagree with my opinion. Warranties can be good peace-of-mind.
Clay
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