I buy my devices outright, always have, always will.
But I will never buy AppleCare outright. You can get it on the $5.99 monthly option, which is cheaper unless your keeping your iPad for 2 years Minimum.
For example, my last iPad Pro 11” had AppleCare + premium on it, the device had minor touch issue symptoms so I sold it, I was only out $6 bucks, and I was able to update the payment information where the new owner was charged for all future AppleCare+ payments instead of me. Obviously, the new owner gladly obliged and he was jumping out of his seat that it had AppleCare+
Ive since bought a 1TB iPad Pro new, then added AppleCare+ on it for $5.99 every month too. So, if I keep it a year it only cost $70 bucks for Apple care+ premium.
It is a win win for me! I can smash my $1,700 iPad tomorrow and $50 bucks buys me a replacement, or I get a new display.
Totally worth it! I can’t afford to buy another 1TB cellular iPad. I was hurting after buying it to begin with lol.