Zurich Warranty- to cancel or not to cancel?

jakabony

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so I bought my Si last June, and the dealer sold me on a 6 year/80k extended bumper to bumper warranty. Since then, I bought a beater to keep the miles off my Si, and now I also work from home. The Si comes out of the garage when I have to go somewhere and it’s nice out. After a year, I have 7300 miles on it, with only 2600 in the past 8 months.

I have it in mind to cancel the Zurich warranty. I paid $1476 for it, and I would receive 85% credited back to my loan.

After much research, I’ve found that most, if not all extended warranties are a waste of money. What is covered rarely breaks, and it doesn’t cover what usually does.

Anyone have any thoughts on this? I’m just curious what other lines of thinking or reasoning there is here. My goal is to pay off the car in 2 1/2-3 years, and I figure that $1100-1200 will get me even closer to paying it off.
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krees

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so I bought my Si last June, and the dealer sold me on a 6 year/80k extended bumper to bumper warranty. Since then, I bought a beater to keep the miles off my Si, and now I also work from home. The Si comes out of the garage when I have to go somewhere and it’s nice out. After a year, I have 7300 miles on it, with only 2600 in the past 8 months.
I'm in the same boat with hardly driving as I work from home as well. I've had my Si since September and I have under 5k on mine.

In response to the warranty, I would cancel it if they are going to credit that much back as you said. Extended warranties are usually crap
 
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jakabony

jakabony

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I'm in the same boat with hardly driving as I work from home as well. I've had my Si since September and I have under 5k on mine.

In response to the warranty, I would cancel it if they are going to credit that much back as you said. Extended warranties are usually crap
Yeah that’s my thinking too. Now I just need to finance manager at the dealership to get back to me. I spoke to him on the phone and he told me what he needs to cancel it. Hopefully he doesn’t drag it out.
 

jpanda

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Cancel that, Honda Care is like 1000 for 8 years and 120k miles.
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