I used to believe that same thing until I actually bought a used car that needed $1500(actually about $1200) in repairs a year later when the comprehensive factory warranty expired. Then it needed a few repairs here and there.
It was a 2011 Ford Edge AWD Limited my wife wanted, luckily I decided to buy the extended warranty since it needed a new transmission cooler line that was not covered by the remaining Ford power train warranty. Problem is that the job required the AC condenser to be replaced as well due to some hybrid AC condenser/transmission cooler design hence the $1200 price tag.
That $1200 extended warranty paid for itself in one repair. The
wheel bearings went next and then an issue with the fancy MYtouch navigation radio, all covered under the warranty. Granted, I feel that Hyundai is better built than a Ford, but I take no chances on used cars with minimum warranty coverage after that close call. Most remaining power train warranties do not cover anything outside of the engine and transmission like cooler lines, sensors, suspension parts,etc.
But we all must weight the risk and move as we see fit.
Note: Depending on the build date the original poster used 2014 may already be out of 5/60 power-train warranty since some 2014 models were actually built in 2013.
