Extended Warranties

furne1

I was wondering if any one has extended a warranty after the basic factory warranty has expired. I am assuming a private party lease of an Toyota HL with 50k and 18 months left on the lease. They originally bought a 5yr. 75k extended warranty to lease end. I drive little but would like to extend the warranty to 72 or 84 months, is this possible given it has passed the 3yr 36k basic warranty (even though they bought an extended warranty at the initial in-service date)?

obsidian

i am going to purchase a dodge caravan. they are offering an extended warranty that will cover it up to 75,000 miles. is this something i should purchase or not worry about? they are wanting 1800 for it..

thanks

boomchek

With Caravans having a poor reliability rating (especially the transmissions) you should strongly consider it. It also depends on how long you plan to keep the vehicle.

jimbres

Sorry to read about your troubles with your Lexus. My wife's 1999 ES 300 has been out of warranty for well over 2 years & has been nearly faultless. Although we had to shell out
$500 to fix a VSC glitch right after the warranty expired in Jan. 2003, we've had no problems since then. She'll buy a new car before the end of the year but we'll hang on to the ES, which will be my railroad station car for the next 5 or 6 years.

Sure, the electronic goodies found in today's more expensive cars can be costly to fix &
yes, you should take steps now to reduce the pain, but the right way to do that is by
building up your savings. Suppose that I'm buying a new Lexus. I want to keep it after the
warranty runs out, but I'm worried about costly out-of-warranty repairs. I could buy a
service contract & hope that the issuer is still in business in 4 or 5 years. Or I could
simply deposit $100 per month into an insured savings account. (I like ING Direct, which
requires no minimum balance, links to your existing checking account & is currently paying 3%. Please note that I'm neither a shareholder nor an employee.)

Does $100 per month sound like a lot of money? It's really only a few cents more than $3 per day. Certainly, anyone who can afford a new Lexus can scrape up $3 per day. Wouldn't you agree? If I can deposit that amount into a savings account yielding 3% - & if I can't, I really have no business buying a Lexus - I'll have $5093 when the factory warranty runs out after 4 years.

Now, let's suppose that I have to withdraw $2500 from my account in year 5 to fix some
electronic gremlins. Meanwhile, I'm still depositing $100 per month into my account, which continues to yield 3%, so at the end of the 1st full year out of warranty I have $3,888 available for repairs.

In effect, I'm self-insuring. This has 2 enormous advantages over paying a 3rd party to
assume this risk. First, I get to keep the interest that my money earns. Yes, interest rates have been low for the past few years, but they will rise. That means that the real cost of buying a service contract will also go up. By "real cost", I mean not just the initial
purchase price of the contract but the interest income that I sacrifice when I let someone
else hold my money.

Second, & perhaps more important, I'm in control. I don't have to wait for some faceless
administrator 2 time zones away to approve my claim. It's entirely up to me whether
brand-new or reconditioned parts go into my car. I hold the purse strings & I run the show
And that goes to the heart of the "peace of mind" that folks often cite as a reason for buying service contracts. For me, there's no peace of mind if I have to depend on someone else to make decisions that I can & should make on my own.

mitzij

when you're right, you're right.
Very well said.

obsidian

boomchek,

as far as the powertrain goes doesnt that cover it? the extended warranty only gives an additional 5k since the powertrain goes to 70k.

the extended warranty does cover the non powertrain componts of course though.

thanks

boomchek

I am not sure what kind of extended warranty that is because there is different types), but if its the comprehensive (bumper to bumper) then it would also cover the powertrain, and yes then it would be a small 5k extension to your factory warranty. I guess the regular powertrain warranty is 7 years 70k miles right?

So you have to ask yourself if you are picky about minor items braking down such as trim pieces, stereo, cruise, power windows, those kinds of things.

Is your Caravan going to have fancy things like power remote sliding door, or power hatch/tailgate, or power adjustable pedals, rear DVD system? If it's a fully loaded model then it might be worth it as car electronics are expensive to repair, unlike home elctronics which are cheap to replace, and pretty much disposable as they get obsolete every year.

I would much rather put that money towards a powertrain warranty extension than bumper to bumper, if possible.

,

ndfar

Just got notice that the wizzard is filing bankrupcy. I've been waiting for them to pay on a claim from Oct 2004! File with BBB in Ohio and they said they could do nothing and please let them know what happens. (Lotta help they were). All customer service would do is give me a address to mail a complaint to which I did.

jguns1

The one question I have after purchasing my 2005 Chevy Tahoe LT if the extended warranty is a good deal. The warranty that comes with the car is three years or 36000 miles. I will hit the 3 years FIRST. I can extend it out another 3 years for 1080 (200 deductable) for everything but valves and brake pads and the like, but drivetrain and electrical is covered. I don't have experience with Chevy, and i haven't given them the check for the first payment yet. Is this a good deal? I had other options, and I could have gone longer ( i financed for 5 years) or gotten the full coverage. I am not as savvy on warranties, but it seemed to me that I would have coverage for 5-6 years with this plan based on my driving habits and most of the major things were covered. I chose the highest deductable to lower the cost.

wlbrown9

Please check out www.gmwarrantycenter.com and www.gmoutlet.com. Both of these sites see genuine GM Warranties at discounted prices. Example, gmwarrantycenter.com shows 6 year, 72,000 mile Major Guard (bumper-bumper) warranty with $200 deductible for $960, or 6 year, 60,000 mile for $705. 6 year, 72,000 mile with $100 deductible shows to be $1140. Also, unless you are a resident of Iowa, you don't pay the sales tax.

maxus

stay away from any company that is a RRG..Risk Retention Group. They are not governed by the state insurance comission and generally are smoke and mirrors

maxus

very bad stay away..they have not disclosed any info concerning their insurance backing, If you call their office , ask them what their assets and insurance rating is!!

nancyhawaii

Aloha! I'm looking to purchase extended warranty for my 2002 Chevrolet Express 3500. I checked with Continental and they said they could cover it but it was rejected at the underwriting department.

I just checked with Servco Pacific (one of Chevrolet dealers in Hawaii) and was told they only accept API and Toyota warranties. I'm not sure if the svc. advisor was lying .... but anyone know of a company that would cover commercial vehicle?

danf1

I'd be extremely cautious here. If the servicing dealer will only accept a certain type of warranty, and you have no other choices for dealers, then either buy what they will take or start saving money for repairs.

nancyhawaii

Thanks! There's another Chevrolet dealer here on Oahu..I will call them tomorrow to check.

Do you have the website or number for API?

valuedriven

Deals that are sold by outside companies for "warranties" or service contract are cheaper and usually too good to be true as the companies are unstable for taking the amount of money that they do. Serivce contracts are like major medical insurance for your car, would you cancel your own life insurance or auto insurance just to save a few bucks? If your car works 99.75 percent of the time. say you own your car for 5 years. Multiply 365 by 5 = that's 1865 days of coverage for a five year warranty. Say your car is not working for 1/4% of the time (1865 x .0025 = that's 4.5 days that it will be in the shop. Multiply 4.5 by the 8 hours in a working day = 36 hours. Given today's labor rates? $85 per hour where I'm from, thats (36 x $85 = $3060). That's THREE THOUSAND AND SIXTY DOLLARS just for the labor not including parts! I'd buy the flippin warranty rather than have to suffice the cash out of pocket if my car breaks a quarter of the 1% of the time. The cost seems high given the initial out of pocket but a dealership can factor that into a low monthly payment provided that you finance through them.

mitzij

How often do you pay for a solid 8 hrs labor when your car is in the shop all day? Your scenario only deals with covered repairs. How many repairs would actually be covered? No service contract is bumper to bumper. The manufacturers' best plans are close, but not quite. If you own your car for 5 years and buy a 5 year plan, chances are, you're buying a newer car, one that has factory warranty left on it. There's some overlap time you've left out of your equation.

I've said this probably a dozen or so times on this site: you will rarely see a full return of your money when you buy a service contract. Most people sell or trade their vehicles before enough goes wrong to pay for the contract. Most people who claim to have seen a full return are confusing items repaired under factory warranty with items repaired under service contract. I had one customer gush and cheer about how wonderful his service contract had been. He glossed over the fact that we had yet to make a claim on his contract, his truck was still under factory warranty!

lady_buyer

I have research the retail value of the car (Honda Accord EX 2005) and my intrest rate. Thanks to my research ( edmund's.com, car facts, kelly's blue book & captial one auto finance) I have saved over 3,000. ( The dealer attempted to tack on about 40 more a month)

I have been feeling great about my findings, but now I am stumped when it comes to warranties. How do I advoid getting taken for a ride? Can I be over charged for a warranty? What should I look for? :surprise:

CarMan@Edmunds

Hi lady_buyer. I always advise consumers who want the peace of mind that extended warranties provide that they purchase the official policy that is being sold by their vehicle's manufacturer. Manufacturers have a vested interest in keeping you as a happy, and for their sakes hopefully a loyal customer, and they are usually much more willing to step up to the plate and cover a needed repair than some random third party warranty provider that already has your money and may not even be around the next time that you are in the market for a warranty. The important things to remember when shopping for an extended warranty are that in most states their prices are negotiable and that you do not necessarily have to purchase your vehicle's extended warranty from the dealership that you purchased your vehicle from or the one that you plan on having it serviced at. Comparison shop with a number of Honda dealers for the level of coverage and length of warranty that you are interested in. You can do so over the web, by telephone, or even in person. The following site has a list of official Honda warranty prices: Honda Care Warranty Prices. Take a look at them and use them while you are shopping around to give you a general idea as to how much you should pay. While you do not necessarily have to purchase your warranty from the dealer that you plan on using for service, all things being equal it never hurts to do so. So you may want to give your local dealer the opportunity to match your best price quote.

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cgriswold

I've been watching this board for a while and the information shared here was a great help when I found myself falling into a deal on a 2004 SL.

Thanks

I have a couple of questions and if anyone has any thoughts or experience it would be great to here from ya!

1. Has anyone hooked up an iPod /Mp3 player to the sound system? Can you use the DVD aux jacks on for this?

2. I've read the postings on the Warranty issues with the 2004 but still don't know if it's 30/36 b2b or it has been upped to 50/60 b2b

3. Has anyone added fog light to and SL

4. Has anyone Added leather factory or aftermarket (ease of clean up 2 dogs 3 cats kid on the way)

5. Curious - favorite accessory?

CarMan@Edmunds

Hi cgriswold. If I am not mistaken, you currently own a Nissan Murano. You will be much more likely to get responses to specific questions about this van, such as ones about its fog lights and stereo if you post them in the following discussion: "Nissan Quest 2004+".

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janetk

I just bought a 1999 528iT BMW from a non BMW dealer. Reputable dealer. He offered 3y bumper to bumper 3K. Is it worth it
THX
Janet

mikefm58

Does anyone know if installing a 3" lift kit on a truck would void the warranty, either a manufacturer backed extended warranty or the original manufacturer's warranty?

sandman46

We bought this package from the F&I guy when we got out Mazda3 S yesterday and thought it was a great deal. It's for 36 months or 45k miles. It includes:
(1) 3k oil and filter changes...or 15 oil changes.
(2) Tire rotations every 6k miles, or every other oil change.
(3) Tranny fluid change at 30k miles.
(4) Radiator fluid change at 18k and 36k miles.
(5) 15 Point Inspection at every oil change.
We thought it was cheap insurance after we calculated the cost for these items at my local tire store. Another positive is that we live 1.6 miles from the dealership, as we live across the street the dealership.
Any comments?

The Sandman

mikefm58

That sounds like a pre-paid maintenance plan, not an extended warranty. And IMHO, a few of the items are unnecessary at the mileages indicated. Check them against your owner's manual.

CarMan@Edmunds

Hi Janet. I personally do not usually purchase extended warranties. I have a couple of times in the past and never seemed to get my money back out of them. As a basic rule, the companies that sell extended warranties have to take more money in than they pay out in claims to stay in business. Even manufacturers that sell extended warranties don't want to take huge loses on them. Having said this, there is absolutely nothing wrong with purchasing extended warranties if you crave the peace of mind that they provide. The important things to remember when purchasing an extended warranty is that in most states their prices are negotiable and you do not necessarily have to purchase your policy from the dealer that you bought your vehicle from or the one that you plan on having it serviced at. Shop around, either on-line by e-mailing a number of BMW dealers or by telephone, and get several price quotes on the level of coverage that you are interested in. Once you have been quoted an attractive price, give the dealer that you plan on using for service an opportunity to match it. While you do not necessarily have to purchase your warranty from them, all things being equal it never hurts to.

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CarMan@Edmunds

That is a very good question, mikefm58. I suspect that the answer is that there is a good chance that a lift kit would void at least a portion of your vehicle's warranty, but it probably depends upon the specific policy of the your vehicle's manufacturer. You may want to stop by the "Aftermarket & Accessories" forum and see if anyone who frequents that section of this site has any insight on this subject.

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nortsr1

Sandman: You never told us the price of above???? We don't know if it's a good deal until you givre us a price!!!!!

sandman46

The price was $407. plus tax. Came out to $421 and change. I'm a low risk taker, even more since my recent car accident, so we're both happy with our decision. I was at our local Tires Plus last friday to get a tire repaired, and on the computer it showed they couldn't do oil changes on the 3. Not really sure if the guy read it right, but who cares.
My dealership is 1.6 miles from my house and now the wife knows that we have 2 change the dino oil every 3k miles and get the other services also. Do we really need the tranny fluid change or the radiator fluid change at those intervals...maybe not. But we did have to change out the radiator in our '01 Altima following the recommended change intervals in the owners manual...and we still had to replace the radiator about 3k miles later!
So, it's like insurance to us and we're happy for the peace of mind...PERIOD!
Zoom Zoom!

The Sandman :sick:

nortsr1

As long as your happy, we're happy!

bakeroid

Car_man,

Is this also true for Toyota. I bought an 05 Avalon from a dealer in Iowa, bought Toyota's Platinum Warranty from a Toyota dealer in Mass, and live and have my car serviced at a Toyota dealer in Florida. Any foreseeable problems?

Thank you,

Bakeroid

kirsten99avery

We bought a 2003 Buick Rendezvous with 19,000 miles on it 2 weeks ago. We were really mislead and lied to by this dealership and need some help and advice. Our sales man told us that we absolutly had to purchase the extended warrenty (which we knew we wanted) right then and there. He told us we could not buy one after we bought the car. He convinced us to get the $100 deductible on the 60 month or 75,000 mile GMPP plan we wanted....saying that we only paid that deductible the first time we used it. The dealership charged us $2900.00 on this General Moters warrenty. Since then, I called GMPP and found out that we have to pay the $100 every time you bring it to the shop! I have looked into Black Pontiac Dealership and I deffinalty want to go thru them!! (According to Black Pontiac the same warranty we bought has a list price of $1870 and they sell it for $1400....the $0 deductible which we now know that we want, has a list price of $2170 and they sell it for $1700). So the dealership we bought it from over charged us $1,000 dollars...we could get the $ 0 deductible for much less then what we paid!!!

Here's the thing, GMPP told me that I cannot cancel it from my dealer and get it from Blacks...they say once you buy it, you cannot ever get it again on that veichle! I called the Buick Company and all they could do was note the complaint about my dealership.

Does anyone know what to do? Are their any loop holes in the GMPP warrenty? We really want to stay with GM and switch to the $ 0 deductible. The dealership will not help us as of right now....but I have messages in to alot of people there.

If not, what are other warranties that are equally as good as GMPP?

Thanks, I appreciate any and all advice...........

mikefm58

I hate to say it, but you should have done your homework before buying. I'm sure all the terms and conditions are spelled out somewhere on GM's website. You might want to ask your questions over in "Any questions for a car dealer".
.
Good luck.

kirsten99avery

oh my gosh..........thats a really good point. when we bought this car and warranty, the dealership didnt have a SINGLE brochure or terms and conditions paperwork there from GM. We knew it was a name we could trust becuase family and friends have bought this warranty. Don't you think that would void it? We didn't know the terms and conditions until we recieved it in the mail!!!!

mikefm58

Oh, the warranty is rock solid. I would definately purchase the warranty you did if I were to purchase a GM vehicle. It's the sleezy dealer that has the problem. They have to have all the terms and conditions available for a prospective buyer to read. They just didn't want to show them to you for fear of you not buying it.
.
Go post your questions over in "Any questions for a car dealer". There's some very sharp and decent people in the biz that can give you some very good advice.

sandman46

Go back and demand to be let out of the contract. If they still say "no", consult the Consumer Affairs office in your area. I had great luck with the local office here in Ft. Lauderdale . Two days before the trial, the company showed up and did more work then they had to. They did call to make sure I'd call the court and tell them the work was done to my satisfaction and to call off the trial.
Pity though, if they had just lived up to their warranty in the 1st place, none of this nonsence would've been necessary. Now they have a entry with the county of a consumer complaint. Never underestimate the power of the consumer. Very stupid company though. What do you think I told a good friend when they asked about their service and reliability...?

The Sandman

CarMan@Edmunds

Sorry for the delay in my response, bakeroid. I have been off-line for the past week or so. Normally, I would not foresee you having any problems having your vehicle repaired using your extended warranty, even through you purchased it and your vehicle in different states than the one that you are currently in. Having said this, you are in Toyota's Southeast region. Toyota does not sell vehicles directly to the general public in the Southeastern U.S., but instead does so through a distributorship that is has had a relationship with for a long time. SE Toyota sells its own extended warranties. You may be able to get them to honor your Toyota's normal extended warranty, but you definitely should speak with the service department of the dealership that you plan on using for repairs to see if you will be covered to find out for certain. If you wouldn't mind stopping back, I'd love to hear what they tell you.

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puckyhuddle

Just got out of the hard sell on a Ford ESP at the local dealer. I came prepared with some online quotes. The finance guy said my quotes were $400 under cost. He tried to convince me that it must be a third party warranty, not a Ford backed warranty. I know it's a genuine Ford warranty. He also made the following claims:

1. It's illegal for another dealer to sell a warranty - says so in franchise agreement
2. Dealer will get "charged back" 100% penalty on parts/service done in event above takes place (not sure which dealer - the servicing dealer or the selling dealer)
3. If selling dealer goes out of business, warranty is worthless
4. If I don't buy the warranty before the delivery of the car, there is a $275 upcharge to buy the warranty.
5. Servicing dealer will see in "Oasis system" that warranty was not purchased at dealer and will not want to honor it.

This dealer is located in NY.

Is there an ounce of truth in anything this guy said? Thanks.

mitzij

1. I doubt the dealers selling contracts online are ALL breaking their franchise agreements.

2. That dunt make no durn senses. :P

3. If the selling dealer sells you a 'dealer backed' service contract, he's right. If you buy a Ford ESP, he's wrong. Any Ford dealer Should honor Ford ESP.

4. Not true for GM protection plan, probably not true for Ford ESP.

5. This one is possible. Some dealers won't work on other dealers' vehicles. I don't care for the practice, but it happens. You may also have to wait longer for an appointment.

Oasis is a computer system linking Ford dealers. They can enter a Ford VIN and find information like warranty in-service date, mileage, warranty repairs done, what recalls need done. GM has GMVIS (vehicle inquiry system), Ford has OASIS.

ifyoubuildit

"4. If I don't buy the warranty before the delivery of the car, there is a $275 upcharge to buy the warranty. "

This will hold true according to the mileage put on the vehicle at the time the warranty is purchased. If under 12K it prob. wont make much difference.

ufgirl81

Dear Buick Owner Family!

First off- you did the right thing by purchasing a manufactures extended warranty. I have seen some horror stories over the past few years. Never purchase any type of extend service contract that is not backed by the manufacture!!!! I worked for GM’s legal department in Tampa for 3 years; however left to purse other options Summer of 2004. Here are a few things I can tell you regarding your GMPP.

1. YOU MAY cancel your GMPP at any given time and receive the pro-rated monies back. Obviously if you cancel it 3 years after you purchased the vehicle you wont get much back however if you can do it soon you may get back most of your out of pocket expense back.
2. The GMPP is transferable to another owner. If I remember correctly the cost is around $100.00 to transfer the warranty from owner and owner. The GMPP does not transfer from vehicle to vehicle.
3. If you do cancel your GMPP do NOT do it through the dealer but do it through GMPP themselves (http://www.gmacitips.com). The GMPP website will allow you to play with the cost and what type of coverage you think you may need based on your driving habits and what you feel you wanted to protect.

Always remember dealers make tons off of extended warranties however hardly make any money off an extended warranty through the manufacture. Please contact GMPP and find out how much you will receive back today if you cancel the extended warranty. Then you can repurchase one in the future. I believe a used vehicle that has more then 12,000 miles has a minimum deductible of $50.00. Really what is $50.00 if your transmission has to be replaced at the cost of $ 2500??? And keep in mind the deductible is per Repair order at the dealer. Obviously a $27.00 broken ashtray won’t be worth the 50.00 deductible so just wait till something else needs replacing before you take it in.

I hope this helps. General Motors in all honestly has no control over horrible dealers. When buying a vehicle you sign a legal binding contract with that dealer and not the manufacture. However I can 100% insure you that every complaint that GM receives it documented so this dealer goes to renew its contract with GM to sell and service their vehicles it is looked upon. I know I may sound like advocate for GM, but I am not. I’m a happy Acura owner and have been even when I worked for GM !!!! I hope this helps out a little.

Thanks

hcasey

I have been in the auto bus for over 20 years and have been a general manager among other things. All waranties are cancelable with 100 % refund for the first 30 days ( federal law) . Read the back of the warrantyfor cancellation instructions. The F&I guy at the dealership will throw your cancellation request in the trash if he is dishonest so follow up with a cancellation letter to the warranty company and the dealer ship. Send it registered mail. They will try to delay your cancellation ( the sales staff at the dealership) so they can get the commision. If you cancel before thirty days they don't get paid so very often they "lose " your cancellation request. most warranties are quoted with 100 % markup. IE $2000 retail price has a cost of around $1000. Check with GEICO for comparison shopping Also tell the dealer you found the same coverage for less ( lie alittle they do!) lastly you can getan extension of your new car warranty as long as you have 1 month or 1000 miles left on the original warranty. Good luck!

hcasey

no, It's all lies! See my reply to person that purchased buick above. The dealership can go out of business tommorow if the warranty company is still in business you are okay. You can buy a warranty from any dealer that will sell it to you. some warranty companies have rules against selling a warranty on a used car if they did not sell the used car. The warranty company wants to know that the used car does not have preexisting problems.

scottinky

I have been calling around my local dealers for this 84mo. 100K warranty on my
Pathfinder LE 4wd, and i offer them $100 over cost which they gladly accept, but the prices
are still in the $1300 range ($50 ded.). Are they really this high? I plan on calling a few more, but
geez, I thought i could get closer to 1100.

rdowney

No truth. I bought my Ford ESP online from Lombard this month and have all the paperwork. There is an extra charge--$100, I think--if the vehicle is more than 12 months old or more than 12K miles. The servicing dealer may be able to see where the plan was purchased, but I can't imagine a service department turning down business. Ford makes a big deal about the plan being honored by 4000+ Ford/Lincoln-Mercury dealers in the US and Canada.

If you get a dealer evaluation form from Ford, be sure to mention this experience.

brightdim

i'm caught between choosing an extended warranty from UnitedAuto and GM. anyone have any opinions or suggestions?

i know with UnitedAuto i can take it to any ASE certified mechanic in the US and Canada. i love the fact they alot more than 12k miles a year, i love that they give you a better rental package, cover more than GMPP (or so I've heard), and costs less. i'm also more comfortable knowing they're 40% owned by Penske, have 151 dealerships of misc. makes nationally and 101 internationally. not to mention the fact they've posted positive earnings 10-15 million beyond their forecast every quarter for the past 3 years while GM seems to lose money. but i'm still nervous about going for an aftermarket warranty. any opinions?

mikefm58

My opinion after getting burned by the Warranty Gold bankruptcy is to never ever EVER go with any extended warranty other than a manufacturer backed warranty like GMPP.
.
The sales folks for the aftermarket warranties will tell you ANYTHING to get your business and unless you're a Philadelphia lawyer that can read and understand all the fine print, you won't find things out until you have a claim.

brightdim

i never even heard about warranty gold or its scandal. i guess i'll just have to call some dealerships service departments and get their opinion on it.

mikefm58

See the Warranty Gold Claims forum in the "Smart Shopper" forum here.

fcswgn00

I found a 2000 focus wagon with 30k on it that meets my needs, and went to the dealership armed with research and pricing from edmunds and several other websites, as well as credit approval from my bank at a good rate. The dealer had a "no-haggle" price that, even with $299 fee that all the local dealerships seem to add on, got me out the door for a little over edmunds TMV - $8294.

I wanted them to take it to the ford dealership to insure any recall issues were resolved before picking the car up (they were), and had no surprises come up in the F&I office.

When I came back to pick the car up, they had come up with their own financing to show me (same interest rate) but with some changes to the deal:

1. Price had gone down $1500 (so much for "no-haggle"!)
2. They had added a $1500 Fidelity Warranty/JM&A/Carefree car protection 4/48 Goldplus plan ($100 deductible)
3. $600 gap insurance

I rejected the gap insurance outright, but took the extended "warranty" thinking I was getting it for "free." I realize now though, that maybe this wasn't a good idea, as I can see that it puts me upside down on my loan, for one. The car is too old for a manufacturer's warranty, but it sounds as if I will be at the whim of an adjuster on this plan.

I have 60 days to cancel the contract with no penalty, should I do so immediately or wait a month or to give it a "free trial"?

Should I cancel it at all, or did I get a good deal?

I don't want to "screw" the dealership by canceling the "service contract", but I never asked them to lower the car price by $1500, either!

Any advice would be so appreciated. This website is such a great resource!