2007 BMW 530xi, Do I need the extended warranty?

I agree with Tom, word for word- I would add, that buying a used car is a gamble, and a BMW is cool, but can be expensive if it needs a major repair- this is why the rich folks (richer than me) buy the German cars new, then unload them after 6 or 7 years- even though they have the money, they know how to gamble, and they play the odds because they do not want those enormous (potential) repair bills- if you and I are buying their "throw aways" the odds are considerably worse for us- so forgo the expensive "warranty" (which is certain money for the dealership and the warranty company)- but understand, you are gambling with big money and it COULD turn around and bite you-