My problem with extended warranty is that I have zero faith they would cover an engine failure. From various anecdotal accounts and ripoff reports online, seems like a company would weasel out of 24K repair. Especially if they got a whiff of the fact that car was tracked. Plus at $3500-$5500 range (depending on quote/company), it's a pretty serious bet.
Do we know anyone who actually had a multi-thousand dollar bill covered by extended warranty company on a tracked car?
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2009 E92 M3 Melbourne Red 6MT
[SOLD] 2015 YMB BMW M3 M-DCT
[SOLD] 2010 Alpine White E90 M3 M-DCT
[SOLD] 2002 TiAg E46 M3 manual
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