Just my 0.02..

The extended warranty only covers major components.

Yes, a new one is (painfully) expensive but they are offering 0.9% financing..

Even though this is my first one, I opted for new over used because the '11 model offered many, many significant advantages over previous year models. Cosmetically it's little changed from '10 but of course you get the new mill, transmission and some other possible options that may or may not appeal to you.

But the new engine and transmission alone were worth it to me.