Buying a no warranty car is like visiting the casino
slot machines will pay out for a few, but not for most.
Here are some statistics from an extended warranty company.
Over 1 year 12k miles on an out-of-original-warranty car (all makes):
<1% will spend more than $3,700 on maintenance
4% will spend more than $1,700
I bought a Boxster base with 22k miles, in 6 months and 8k miles, I had zero repair costs. Then I totaled it.
I bought a Boxster S with 43K miles. In 4 years and 13k miles, I've spent an average of ~$15 per month in unscheduled maintenance costs. It has never not started or failed to get me where I was going. I do more maintenance than is scheduled (did 60k at 45k, for example, just so I knew what had been done) but always go to cheap places or do-it-myself where I can. The thought of paying the dealer $200 for an oil change when the local JiffyLube equivalent will do it for $25 if I provide the oil and filters appeals to me.
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