Quote:
Originally Posted by hollywoodjose
I bought it but i went in to cancel it because I dont think i'll keep my car past 3 years. I hope to trade in in on a V8 or a converible when they come out.
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I was going to cancel mine, but not only would I
not save on the monthly payment, I wouldn't get the money back from it until the end of my loan (seven years). They just shave it off the end of the loan by a few months. Seems totaly unfair considering I gave a large downpayment. Whos to say it didn't come out of my own cash. I know, I'm sure it's all in the fine print. Just another thing to collect interest on until the last minut.
I actually thought about dropping it, then refinancing the loan with out it. If I refinance my loan, is it considered a used car lown then. I'm hoping not since that usually has different conditions to the loan.