Did I make a good deal? 2008 Toyota Yaris

[PreciousPups4U]

We had taken out a maintenance warranty. I cancelled it. Had to be done in person and a form had to be signed. They did charge me $50, but credited the rest to the loan balance. So, I did not get any money back and they did not adjust the financing, but the pay off is less.

Make sure you get a copy. Give them 30 days or so then double check with the finance company and make sure you were issued a credit.

[WMF1125]

Originally Posted by PreciousPups4U

We had taken out a maintenance warranty. I cancelled it. Had to be done in person and a form had to be signed. They did charge me $50, but credited the rest to the loan balance. So, I did not get any money back and they did not adjust the financing, but the pay off is less.

Make sure you get a copy. Give them 30 days or so then double check with the finance company and make sure you were issued a credit.

Originally Posted by tetzyamis

Is this an extended warranty?
I bought 2nd Yaris earlier this month and I was offered 84 month (7 year) warranty (instead of 3 years) for $990.
$2,495 sounds too crazy expensive to me.

Is it alright if I bought it on 10/13/2008, but now it's 11/30/2008? Not too late to cancel the extended warranty?

[Revsson]

Originally Posted by WMF1125

Is it alright if I bought it on 10/13/2008, but now it's 11/30/2008? Not too late to cancel the extended warranty?

I think if you check with Customer Service, that you can cancel, but will
be charged a fee and pro-rated a refund as I stated above.

[WMF1125]

Originally Posted by Revsson

I think if you check with Customer Service, that you can cancel, but will
be charged a fee and pro-rated a refund as I stated above.

Thank you so much. Actually, I wonder if e-mailing customer support is just as effective? I sent them an e-mail yesterday after reading everyone's comments, informing them, "The price I paid for my extended warranty was outrageous!" Then I quoted the price.

But what does "10% of the Agreement Purchase Price per month
must be added to cancellation refunds not received by You within forty-five
(45) days after the Administrator receives the cancellation request" mean?

Sounds a bit scary. 10% of 2,450? $245 for what? The lingo is mind boggling to me.

[tetzyamis]

Originally Posted by WMF1125

Is it alright if I bought it on 10/13/2008, but now it's 11/30/2008? Not too late to cancel the extended warranty?

The warranty that they offered me was something that I can cancel anytime for full refund as long as I didn't use it.
If I don't use it for the full 7 years, they would give me full refund automatically.
I still didn't buy it because none of the Japanese cars I bought (5 of them) ever broke down