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Well, I ended up getting a combination of both the warranty and service.
I extended the warranty an additional year to make it 3 years 100,000 KM and added to that the service plan for 3 years 40,000 KM which ended up costing me about $4,300.
I drive about 12,000 KM a year and this will cover me for 3 years. I could extend it further later on if I decide to keep the car for a longer period.
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