[Robby]

Looking at your service contract, who is the provider?

Rob

 

[Robby]

OK.....I was trying to determine if GM (Known as Major Guard) was the underwriter.

Regardless, I'm guessing the tire change expense was covered by the regular roadside assistance coverage that comes with the car.
Generally, Autonation sells extended warranties underwritten by Ryan, FYI, and as long as you are still in the 60 day window it should be easy to cancel.

You must call the phone number on the contract and be prepared for a fair amount of pushback......they will try to keep you signed up.
Problem comes in though, as you noted, the contract is rolled into the financing.
So, before cancelling, you must speak with whomever is carrying the loan for guidance.
I suspect, if the amount of refund is paid to you, the lender will recommend passing that amount back to them and then rewrite the loan.

That would be the best case since you are paying interest not only on the car loan, but also on the financed service contract.......so you want to get the loan lowered by that amount.......hurry though. Get your ducks in a row before making the decision.

To any other readers: Never roll a service contract $$$ into a loan if at all avoidable. Service contracts are highly negotiable but if you roll it into the loan the interest you pay negates any discount you received. Always pay for the contract independent of the loan.....

Good luck,
Rob

 

[Robby]

If you successfully cancel you can buy a GM program for much less and likely longer coverage while the car is in base, 3yr/36k coverage.

I do recommend the factory backed programs if you are not $$$$prepared for, sometimes significant, repair expenses after warranty coverage is gone.
Think of it as a one time payment for health insurance........you are betting the car will have a failure(s), the provider is betting it wont during the contract term.

FYI......I'm a semi retired wrench and I still put them on my cars........parts prices are too high to make 'rolling the dice' economically feasable.

Rob

 

[Robby]

Think of it as this.

What possible warranty claim could you possibly have that would cost 5k. IMO..none.

Get out of that extended warranty ASAP.

Might want to reconsider......GMPP, paid 4200.00 for the trans and TCM on my wife's 08 Malibu last year........and during the plan coverage: Struts + alignment, CD player, twice @ $1300.00 each, control arms (ball joint failures, part of arm).
When the car was traded last month, GMPP had paid well over $8000.00 over the years.

I tend to recommend service contracts (if ownership will exceed the warranty) because most folks today are not $$$$ prepared for out of pocket expenses exceeding two or three grand (or less for some).

Not a concern for me (or you) but the vast majority can easily have their budget destroyed by a high dollar car failure.

Rob

 

[Robby]

THIS!!!!!! ^^^^^^^^^^^^^^^^^^^^^^^^^^^

Rob