extended warranty

[ex-28]

Hi i , i picked up my 1st projection tv 2 days ago , from visions in canada
Samsung DLP 50" HL-R5064W Widescreen HDTV
it comes with 1 yr manufacturer wannenty

what are your thoughts on getting extended warrenty on this unit ?

i have never ever gotten extended warrenty on anything , as i figure it works it works , anyways
from visions there warranry costs are:

3yr - $299
5yr - $379

79 bux more for 5 yr compared to 3 yr .. ( i assume this is on top of the 1 yr manufacturer)

now after the 3 or 5 yr warrenty term is up , iif i havent made a claim or used the warranty i then get a credit for that amout for in-store credit on a (min purchas $400)

i reall really dont have the $ at all for the extended warranty but i can do it if need to .

i jsut what like to know what others thoughts are on getting extended warranty on an item as this unit set me back about $2,400 CAD before tax

also i think if soemnthing didi break on it woudl it cost more then the 3yr at $299 to repair.
thank you - hope to hear from you all .

Ex