Quote:
Originally Posted by jay1989
Did not know you could do that, I bought one also as they said if I did the bank would lower the interest rate quite a bit. I might have to give them a call and see if I can cash it in also, I do not remember how much it cost but I know it wasn't cheap, and once I go FI there is no way in hell they are going to warranty any of the engine or drive-train anyways.
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I guess "cashing it in" was the wrong term. You don't get the money back in the form of a check or anything. It just gets deducted from the overall amount that you owe on the car. I orginally bought the warranty for $2,400. I decided to cancel it, so it reduced the overall amount I owe by $2,200. I figured paying the car off as early as possible was the better option for me.