Extended warranties are fantastic if you get them from the manufacturer. I would recommend looking into those if you're ever shopping for a used car that's at

Extended warranties are fantastic if you get them from the manufacturer. I would recommend looking into those if you're ever shopping for a used car that's at or near the end of standard warranty. Extended warranties that aren't backed by the manufacture aren't worth the money. The dealership going out of business isn't really relevant, though, as those warranties are "owned" and serviced by a third party warranty company.