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Yes, cancel it and put the $1,450 aside, just in case. Chances are, you will still have most, if not all, of the $1,450 after the warranty is up. Besides, the warranty doesn't cover everything.
You can check many sources, but you will find that just about everyone agrees that an extended warranty on a Corolla is not worth it.
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You can check many sources, but you will find that just about everyone agrees that an extended warranty on a Corolla is not worth it.