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2008 Toyota Yaris H
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Discussion Starter #1 (Edited)
Hi,

I bought a 6 year / 75,000 miles extended service agreement for $2,495. I know for a fact they ripped me off. I want to cancel it but I don't understand what prorated is. When I bought my "used vehicle" for $12,995, it had 12,127 miles on it. Right now, it has 14,357 miles. Personally, I think this is advantageous on my part because I don't drive that much and in six months I only drove 2,230 miles.

It has been six months now since October 13, 2008. Before I go to the dealership on Monday to cancel my extended service agreement (for my base vehicle), could you please tell me how much of my $2,495 will I get back? Will they send me a check in that amount?

My lender is the Toyota company, which they gave me a 5.4 % APR loan. Another reason why I want to cancel it is because I'm going to pay off my car this August.

In addition, and sorry if this is a long post, but I heard about "Troy." Is he a good person to purchase legitimate Toyota extended warranties from? How has your experience with him been so far (for those who bought VSAs from him)?

I'd appreciate your help. I'm a 20 year old college student and this is my first time buying a car. Please lend me your experience and wisdom on the subject. What should I know before going into the dealership this Monday?
 

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Well if they charged you $2495 for 75000 mi coverage and its prorated (money divided by time) then it should be ....... about.......

$2495/72 months = $34.65 a month

you used up 6 months.... $34.65 x 6 = $207.90

$2495 - $207.90 = $2287

so that with some "screw you fees" and "early withdrawal fees":naughty:, and whatever other kind of crap they can come up with should leave you around $2000....... methinks:D
 

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2008 Toyota Yaris H
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Discussion Starter #4
Well if they charged you $2495 for 75000 mi coverage and its prorated (money divided by time) then it should be ....... about.......

$2495/72 months = $34.65 a month

you used up 6 months.... $34.65 x 6 = $207.90

$2495 - $207.90 = $2287

so that with some "screw you fees" and "early withdrawal fees":naughty:, and whatever other kind of crap they can come up with should leave you around $2000....... methinks:D
Wow! "Screw me fees" and "early withdrawal fees," that's reassuring. :ugh3:

I'm going to bring a recorder with me to make sure I get them on tape.

Nothing less than $2,000, right? By the way, do you have Toyota Insurance with Troy? I heard so much about him on this forum.
 

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Nope I bought through the dealership....$1200 (Cdn) for 5 years 120000 km. No other options here in the frosty north. :rolleyes:
 

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2008 Toyota Yaris H
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Discussion Starter #6
Nope I bought through the dealership....$1200 (Cdn) for 5 years 120000 km. No other options here in the frosty north. :rolleyes:
Thanks. I sent Troy an email, and I will find out tomorrow what he says. People seem to trust him, so I'll give it a try.

Thank you for the information!

One last question, where can I find the "screw fees" and "early termination fees" in my contract? :confused:
 
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