A warranty is just insurance, you are gambling 3k that the car will need more than 3k in repairs for the life of the coverage, the warranty company is betting it will not need that much, and statistically they are correct,but they get to spread the risk over many cars, you don't. My 2004 Audi Alroad, bought in 2007 with 35k miles, ate up 17k in warranty work over 1.5 years and 15k miles.
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Previous BMW: 16 M4, 13 M6; 14 M235i, 12 BMW M3; 11 BMW M3; 08 BMW M3; 08 BMW Z4M; 04 X3; 02 M3 Convertible; 02 M3; 00 M Roadster; 94 325 convertible; 92 325i Convertible; and 85 635csi
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