Should I purchase an extended warranty for my new Toyota Highlander?

I recently purchased a Toyota Highlander and I am unsure if I should also purchase an extended warranty. Is this a necessary expense or is it just a waste of money?

It really depends on your individual situation. If you tend to keep your cars for a long time and put a lot of miles on them, an extended warranty may be a good investment. It can protect you from any unexpected and potentially costly repairs down the line.

On the other hand, if you typically trade in your cars after a few years or don't put a lot of miles on them, an extended warranty may not be necessary. You may end up paying for coverage that you never even use.

I would suggest doing some research and comparing the cost of an extended warranty to potential repair costs. Also, consider any features the warranty may offer, such as roadside assistance or rental car coverage, and determine if those are worth the added cost.