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Service Agreements

Discussion in 'Gen 2 Prius Care, Maintenance and Troubleshooting' started by Susanne101, Mar 1, 2007.

  1. Susanne101

    Susanne101 New Member

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    Okay, I did it. But, I still have the opportunity to back out of this today. Do I really need GAP insurance. I purchased LoJack, GAP, TLC Service for 6 years, all totaling $3,300.00?

    How stupid am I?

    Should I cancel any of the above?
    Help.

    It is a potential $50 cancellation fee.
     
    #1 Susanne101, Mar 1, 2007
  2. richard schumacher

    richard schumacher shortbus driver

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    Cancel all of it. It's a boat payment for whoever sold it to you. Take the $3,000 to a bank and buy a 12 month CD at 5%. If you do get stuck with a $50 "cancellation fee" think of it as the price of a cheap lesson in money management.
     
    #2 richard schumacher, Mar 1, 2007
  3. efusco

    efusco Moderator Emeritus
    Staff Member

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    Second that, back out, no way it's justified....if you spend that money on all your cars you'll end up far far in the hole. It's almost pure profit for your dealer.
     
    #3 efusco, Mar 1, 2007
  4. Susanne101

    Susanne101 New Member

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    Thank you.....Thank you.

    Will rework the paperwork today. You guys are awesome.. Thank God it is not too late to cancel.

    Will let you know how it goes. They are so going to not like me. today...... Oh Well!!

    That is the way it goes.


    Susanne
     
    #4 Susanne101, Mar 1, 2007
  5. klevitsky

    klevitsky Junior Member

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    I hope you didn't include it in your financing. If you did, you'll have to pay interest on it for the life of the loan. Not a big deal, but be prepared for it.
     
    #5 klevitsky, Mar 1, 2007
  6. cireecnop1

    cireecnop1 New Member

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    <div class='quotetop'>QUOTE(klevitsky @ Mar 1 2007, 10:38 AM) [snapback]398548[/snapback]</div>
    In colorado that amount is refunded back to the Financing company, not the car owner, unless he paid for it seperately.
     
    #6 cireecnop1, Mar 1, 2007
  7. Susanne101

    Susanne101 New Member

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    Thanks for your feedback. Cancelled all of the warranty.
    Reworked all of the papers.

    At least I caught it before it was too late. You guys are the best!
     
    #7 Susanne101, Mar 1, 2007
  8. Bill Merchant

    Bill Merchant absit invidia

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    While regular maintenance on your new Prius consists of oil and filter changes every 5000 miles, and air and cabin filters every 15,000 miles, plus the inspections to make sure wheels are still attached, if you decide you would feel more comfortable with the maintenance contract, or the extended service warranty, get it through PriusChat. Same Toyota warranties, usable at any Toyota dealer in the US (except maybe Hawaii), but at lower cost and it helps keep PC runing.
     
    #8 Bill Merchant, Mar 2, 2007
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