Purchasing extended warranties can be a difficult decision. When we started out with our first printer we opted to extend the warranty for the 2nd year. As we added printers it didn't make sense to spend all that extra money on extended warranties as the likelihood of incurring repair costs in excess of what all the extended warranties would cost was in my opinion not likely. At some point it makes sense to self insure and simply pay as you go for repairs. With proper PM, we find that failures are rare. With one older printer it may make sense provided you get bumper to bumper coverage. If you do opt for an extended warranty, make sure it covers your printhead and make certain you get a printhead replacement during the extended warranty period to make it worthwhile.