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5,301 Posts
In certain States these products are sold as Insurance and regulated by your State, Arizona not being one of them. Just another reason to avoid AutoNation, started by H Wayne Huizenga who founded Blockbuster and Waste Management Industries. What exactly was that $5000 for, not even in the ballpark as a fair price. The Gap coverage is something you should cancel as well. I got taken by my sales manager friend for $300. I would visit a few GM Dealerships and get their best price on a GM sponsored plan, should be between $1000 to $2000 with a $0 deductible. Since this charge is probably part of your financed contract the $5000 will go towards the balance of the loan, there is no way they will rewrite the contract once submitted and or refund your money. The bad tire doesn't count as a claim on this additional coverage you bought that runs concurrently with the factory coverage. In essence the protection you purchased starts when the factory coverage ends