Last post on Sep 04, 2012 at 3:13 PM
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Honda, Car Financing, Car Warranties
#33 of 41 Re: Please reactivate Financed Honda Care Cancellation [mackeyiv]
Oct 18, 2008 (7:31 pm)
mackeyiv wrote :
" bought the Honda Care 7 year 75K mile extended warrantee for $1145 at the dealership Anderson Honda in E. Palo Alto under the assurance written into the contract and confirmed by the finance guy that I could get my money back if I canceled within 60 days. He said the money would go to the leaseholder AHFC and this would cover the first few payments. When I got home I saw that I could get the identical Honda Care Warrantee at www.hondacuraworld.com for $845 (and I can wait 3 years to buy it), so I asked the dealer to refund me the $300 difference or I would cancel - no deal. I called Honda Care and AFHC (2 phone numbers but same company) and they the customer service rep assured me that Honda Care would send a check to AFHC and AHFC assured me this check would be applied to my payments. So I submitted the form and canceled it. "
mackeyiv, you are freaking out, calm down. AHFC is not a fly by night operation. They will honor their word. Your cancellation of HCEW will be applied as a reduction of principle financed with your lender AHFC. They have to be paid, you financed, they lent. Anyway congratulations on not paying retail . Buy online or at least use their pricing to negotiate retail. HCEW will get back to you quickly. Relax.
"wanted to let everyone know that it looks like AHFC did come through with crediting my account for the canceled Honda Care - so I can skip the payments for the next 3 months . After I finally got to talk to a supervisor and explained that "policy" or not, this is not what the contract says. They agreed not to count this credit as a security deposit, and instead as a payment - which is what the first Customer Service Rep who I talked to had told me they would. They said he made a mistake in telling me this but I'm just happy I don't need to wait 3 years to get my money back. "
The worries were imaginary, Glad for your good outcome.
#34 of 41 Re: Please reactivate Financed Honda Care Cancellation [duke23]
Oct 19, 2008 (12:39 am)
Mr. Duke, are you aware you responded to a posting over 3 years old?
#35 of 41 Re: Please reactivate Financed Honda Care Cancellation [bolivar]
Nov 04, 2008 (7:28 pm)
I am Senor Bolivar, but it was indeed fun. We can't get the participation as we can in the good old days. Look at poor stories from the frontlines.On a good day it posts 40. Sadness. We may have to start responding to defunct forums from '05. <-aware.
#36 of 41 Re: Please reactivate Financed Honda Care Cancellation [duke23]
Nov 05, 2008 (2:47 am)
Or responding to our own posts.
But actually, 40 posts in Frontlines still is too many. The days with 75 were horrible.
One actual 'Story from the Frontline' per week makes it a good week.
#37 of 41 Re: Please reactivate Financed Honda Care Cancellation [bolivar]
Nov 08, 2008 (8:51 pm)
bolivar wrote :
One actual 'Story from the Frontline' per week makes it a good week. "
New sadness, I can remember when plus 60 was a good day, bad times indeed when extended warranties or what I paid for my Accord is the front runner.
#38 of 41 Canceling Honda Care Purchased from Dealer
Sep 04, 2012 (6:50 am)
The posts about this subject are quite old. So, can anyone provide any tips and advice on canceling Honda Care purchased from a dealer? I bought a new Accord 4 days ago. I was assuming that it would be relatively easy to cancel since the new contracts clearly give 30 days to cancel with a full refund. If I request the refund, how will my refund be processed? Towards principal or recent car payments with Honda Finance? I wound up paying about $600 more than I could have if I bought elsewhere and would like to re-buy it at the lower price.
#39 of 41 Re: Canceling Honda Care Purchased from Dealer [dg2012]
Sep 04, 2012 (7:17 am)
If you google "cancel honda care", the question about cancelling is answered. It's basically full refund for 60 days. I would presume they would send you a check.
As for buying it elsewhere, I don't have an answer. But it sticks somewhere deep in my memory that once you cancel Honda Care, you can't buy it again.
You may want to check with who you'd like to buy it from.
#40 of 41 Re: Canceling Honda Care Purchased from Dealer [robr2]
Sep 04, 2012 (7:31 am)
Thanks for your reply! My contract actually says 30 days so I think I'm stuck with that. I've already rec'd quotes from others on the same plan that I purchased. I'll probably go with Saccucci. You can re-buy but need to will pay a $100 re-buy fee. I've heard various things about how the refund is made, and I'm primarily trying to figure out if I can negotiate that successfully. The contract is silent on the issue.
#41 of 41 Re: Canceling Honda Care Purchased from Dealer [dg2012]
by kyfdx@Edmunds HOST
Sep 04, 2012 (3:13 pm)
If you financed the Honda Care in your car note, then the refund is going to the bank and will be applied against your principal...
The money is yours, but you won't see it..