Author Topic: How Much Should Canceled Extended Warranty Change My Payoff?  (Read 1108 times)

coachfrigo

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How Much Should Canceled Extended Warranty Change My Payoff?
« on: February 27, 2018, 01:27:06 PM »
Before cancelation, I had 48 months left at 6.64% interest with a $10,823.27 payoff. Refund was $1,220.

This should FINALLY get me from being underwater, I'm just looking to see by how much.

coachfrigo

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #1 on: March 05, 2018, 11:24:49 AM »
Any ballpark ideas?

TheAnonOne

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #2 on: March 05, 2018, 12:11:40 PM »
It's been a while and noone has replied. You need to ask your (this is about a lease?) lease company about this.

Report back, this might be good information for others!

coachfrigo

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #3 on: March 05, 2018, 12:13:40 PM »
It's been a while and noone has replied. You need to ask your (this is about a lease?) lease company about this.

Report back, this might be good information for others!
It's a lien. And they haven't gotten the refund yet. Was trying to get some insight so I know what to expect. Might be a few weeks.

BTDretire

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #4 on: March 05, 2018, 02:00:05 PM »
Maybe you need to ask this another way.
 I don't know what your original deal is.
You bought a car? And an Extended warranty? How much did you pay for the extended Warranty?
 How long was the original contract?
Did you get 2/6th use of the extended warranty>
Two years of a 6 year warranty?
That would be a 1/3 use and 2/3 unused.
Should you get 2/3 back?  \_(ツ)_/

coachfrigo

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #5 on: March 05, 2018, 02:33:25 PM »
Maybe you need to ask this another way.
 I don't know what your original deal is.
You bought a car? And an Extended warranty? How much did you pay for the extended Warranty?
 How long was the original contract?
Did you get 2/6th use of the extended warranty>
Two years of a 6 year warranty?
That would be a 1/3 use and 2/3 unused.
Should you get 2/3 back?  \_(ツ)_/

I put the amount I'm getting back in the OP.

BTDretire

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #6 on: March 05, 2018, 07:07:08 PM »
So, you are asking is $1,220 enough?
Ok, now I think you paid over $10,000 for an extended warranty on a car.
Is that what you did?


coachfrigo

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #7 on: March 05, 2018, 07:17:25 PM »
So, you are asking is $1,220 enough?
Ok, now I think you paid over $10,000 for an extended warranty on a car.
Is that what you did?
Huh? No, when I initially financed the car, I opted to get an extended warranty. I recently canceled it, and they're going to refunding the remaining warranty ($1,220) on my loan. Basically, it'll take $1,220 off of what I owe. I think. I'm not sure if that's how it'd work.

BTDretire

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #8 on: March 06, 2018, 05:25:26 AM »
Did you ever see a cost for the extended warranty?
Ideally you would just pay for the time you used the warranty.
Warranty time used / total warranty period = dollars returned / total warranty cost
But, I doubt they will give you all of that.
 Sorry, I don't have a clue what you will get back.
But, I think I understand what you're asking, :-)



coachfrigo

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Re: How Much Should Canceled Extended Warranty Change My Payoff?
« Reply #9 on: March 10, 2018, 08:05:10 AM »
$9,390! MUCH better than expected!