Hi. I recently got a 2004 Honda Civic EX with finance. We decided to get the Honda Care Warranty, because according to the F&I guy, it would only cost an 'additional $10 per month' with it. So I assumed that the total cost of this program was $10x60(5 years in months) = $600. He also said that our initial IR of 9.44% would be lowered to 9.0% if we took the Honda Care program. So overall, it sounded good at the moment. But what I hadn't realized until we got home (the car is under my dad's name) is that an amount of $1495 was added into the finance amount for the Honda Care, not $600. And when we were there, the paper that showed this price was hidden and folded. Plus, it was under his grip at all times. Since the dealership was closing down in less than 15 minutes, and they were supposedly all getting ready for a regional Honda dealership party, they wanted to speed things up. I should've have snatched the papers from him, no matter what. That was my mistake and I regret it immensly, to the point where it's the only thing I'm thinking about.
So anyway, is it possible and likely that I could cancel my financed Honda Care amount of $1495 withing the cancellation period? I want to get an idea of how easy or hard it might be for me to go ahead with the cancellation process, and also get some pointers from more experienced car buyers who went through similar situations. Thanks.
0 · ·