Honda Car Forum

islagundina · #1 (**permalink**) 24 Sep 2007, 10:24 am

I would like to cancelled an extended warranty (100K miles bumper to bumper) I bought from the dealer. Is it safe to do that? from June 2006 - February 2007 will i be getting at least 90% of the refund from the contract?

Joyboy · #2 (**permalink**) 24 Sep 2007, 10:28 am

Its safe to do that, but it may not be smart. You have to determine how long your going to keep the car and how many miles your going to drive. If your only going to keep a short time and drive very little I'd say yes cancel it. But if the opposite is true hang on to it. At 90% of the contract you'll only be getting approximatelt $1000.00 or so, if an alternator or starter fail on that car your looking at least $500-750.00 so the contract could pay for itself easily over time.

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