My son thinks I'm crazy not to get the extended warranty, with all the new technology in the Volt. But I never buy extended warranties on anything. This is one case where I agree with Consumer Reports. An extended warranty for anything is like gambling, and betting against the house, when the house knows the odds and you don't.
Why do you think the business manager pushes the extended warranty so hard when you're trying to close the sale and move on? Because he is highly compensated for it. Why is he highly compensated for it? Because GM has built his compensation in and a fat profit margin in to the price of the warranty. GM knows the odds are you will pay in more than you get out, and they have way more knowledge about those odds than you or I do as a buyer.
Some who buy it will get back more than they pay in, but most won't.
If it gives you peace of mind to know you won't have some unexpected expense pop up, buy it, it is worth it, but just know that what you are paying for is peace of mind. Just don't go into it expecting it is likely you will get more $ out than it cost to buy it. Sure, it's possible, and we've all heard such stories, but its just not likely. It is also possible to win in Vegas, or to win the lottery.
Personal best: 72.9 miles (One charge only, no Mountain Mode, no gas, no significant elevation change.)