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Financed Honda Care Cancellation
41 messages, Last post on Sep 04, 2012 at 4:13 PM
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What is this discussion about? Honda, Car Financing, Car Warranties
#38 of 41 Canceling Honda Care Purchased from Dealer by dg2012
Sep 04, 2012 (7:50 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.
- robr2 (Sep 04, 2012 8:17 am)
Replies to this message:
#39 of 41 Re: Canceling Honda Care Purchased from Dealer [dg2012] by robr2
Sep 04, 2012 (8:17 am)
Replying to: dg2012 (Sep 04, 2012 7:50 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.
- dg2012 (Sep 04, 2012 8:31 am)
Replies to this message:
#40 of 41 Re: Canceling Honda Care Purchased from Dealer [robr2] by dg2012
Sep 04, 2012 (8:31 am)
Replying to: robr2 (Sep 04, 2012 8:17 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.
- kyfdx (Sep 04, 2012 4:13 pm)
Replies to this message:
#41 of 41 Re: Canceling Honda Care Purchased from Dealer [dg2012] by kyfdx HOST
Sep 04, 2012 (4:13 pm)
Replying to: dg2012 (Sep 04, 2012 8:31 am)
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..
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