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Used dealer warranty worth $1450 (3 years or 36k)

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Old 07-01-2012, 09:15 AM
  #11  
BigDinTexas
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Originally Posted by Steven S
There's a cancellation fee of $140.00.

I guess I'll go ahead and cancel it then.
I'd also check the laws of your state... You might be entitled to a complete refund if you cancel within a certain period of time with no penalty as long as you have not used it. But if you signed the paperwork and it states the cancelation fee, they may have you over the proverbial barrel.

Seems like they are going to get you coming and going...

Don
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Old 07-01-2012, 12:41 PM
  #12  
Nuke
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Aftermarket warranties, what a scam. Take that $1450 and put it into a CD or something with that'll earn some interest (if you find anything that pays more than 1-2%) and use it IF you need repairs.

I've owned a dozen + cars and have put over 1,500,000 miles on them and I can honestly say that an extended warranty on ANY of them would have been a waste of $$.
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Old 07-01-2012, 04:29 PM
  #13  
Steven S
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Originally Posted by Nuke
Aftermarket warranties, what a scam. Take that $1450 and put it into a CD or something with that'll earn some interest (if you find anything that pays more than 1-2%) and use it IF you need repairs.

I've owned a dozen + cars and have put over 1,500,000 miles on them and I can honestly say that an extended warranty on ANY of them would have been a waste of $$.
Thanks.

And also I read it wrong. There is a cancellation policy post 60 days of the warranty start date so contract wise I should be getting a 100% refund.

I also installed Lo jack for $900 that has the early warning system. Again, not sure if it was worth it or not but I believe thats too late to cancel as its already installed.
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Old 07-01-2012, 05:01 PM
  #14  
99gtstang
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I was wondering.... All ancillary products have a 30 day window to cancel at 100%... That's is almost every state. Most have a pro-rata cancellation following the "window"

The dealer/lender will get their commissions yanked, lol.
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Old 07-02-2012, 02:20 AM
  #15  
Diabolical!
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Originally Posted by Steven S
Thanks.

And also I read it wrong. There is a cancellation policy post 60 days of the warranty start date so contract wise I should be getting a 100% refund.

I also installed Lo jack for $900 that has the early warning system. Again, not sure if it was worth it or not but I believe thats too late to cancel as its already installed.
Yeah, you got raped on that too. LoJack is great if you live in a community with LoJack equipped law enforcement. If not, it's a waste. In any case, it shouldn't cost more than $700 installed.
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