FloridaNative
Palm Beach Gardens,#2Consumer Comment
Tue, September 19, 2017
You don't have to keep those warranties. They are optional, no matter what the dealers rep says. Each one of them has a cancellation clause. If the dealer won't cancel them then read the warranty to find out how to cancel them directly with the warranty company. Do this now. The credits will apply to your outstanding loan balance but your monthly payment will be the same. It will reduce the amount you owe by the cost of the warranty.
Just a note, the reason those warranties were added is because it is a huge profit center for the dealer. They usually give the consumer a run around when the consumer wants to cancel - but try the dealership first. If they won't cooperate, then cancel directly. You will have the additional benefit of knowing that the commission the F&I people earned by adding those warranties will be removed from the finance people. Do this cancelllation right away. Next time, read your contract before you sign.
Jim
USA#3Consumer Comment
Sat, September 16, 2017
Incredible! Neither you nor this so-called friend had the COMMON SENSE to READ what you were signing BEFORE you signed it! There's no deception here! You didn't even know what YOU agreed to! Blame them all you want but the FACT is, YOU were the final line of defense. Anybody with half a brain knows what they are agreeing to BEFORE they agree to it!