1. There will not be any difficulty to cancel the Hondacare. You can do it either through dealer (fill their paperwork) or directly by calling Honda. Honda will ask you to fax or email the cancellation request. Refund will normally go as a principal adjustment against your loan. Calling Honda directly is a quicker option and refund is processed in about 1 week. Dealer may take about a month to get your refund

2. Once the cancellation is confirmed, you can call other dealers (College Hills Honda is a good choice - check their website for the form) for the best quote. After you receive the quote, inform the new dealer that you had a Hondacare agreement before and cancelled it due to high charges

3. I think getting an extended warranty is good and provides you with peace of mind.

 

I haven't spoken with the loan officer yet, but the service manager told me I should be prepared for a prorated refund.

 

Don't beat yourself up about it...the car buying process can be a hassle and some of these guys know when to strike (i.e. you're exhausted). Heck I got taken for a "car alarm" and didn't even realize it as I was exhausted and just ready to be done at that point. At least you can cancel which is great. Best bet is to probably do what pmronline suggested and call Honda directly. I would think they would not prorate since you haven't used any of the benefits, etc.

 

If you cancel in the grace period you should get a full refund. Any time after that you will get pro-rated since it does include roadside assistance in addition to the extended warranty.

I cancelled mine about a year after buying it and got the refund applied to the principal on my Honda loan. It was easy to cancel, as pmronline said, I faxed in a signed cancellation request to Honda and it was taken care of. I didn't cancel through the dealer so I never heard any grief from the finance guy.

I wasn't aware that you could rebuy it after canceling. Interesting if true.

Usually extended warranties are cheaper when you buy it under a certain amount of time or miles. Makes sense as you will know closer to 36,000 if your vehicle gives you a lot of problems than you do under 100 miles so it's somewhat of a gamble to predict how things will go.

 

I believe to get the best pricing is if you get it within 6 months of purchase or under 6k miles, whichever is first. It's posted somewhere on one of the warranty threads.

 

I have done this before. Within a week or so...I just called the dealer and cancelled it. Then dropped by and confirmed it.
The $$ go back to financing org or to you if paid full.
Then I confirmed that they did not process it yet. Because, apparently Hyannis honda (Sean) told me he cannot sell Honda Care if it was issued before.

 

I spoke with Sean and my coverage hasn't been processed yet. He recommended that I go ahead and activate it through him so that they can't activate it on their end. Of course, this makes me nervous since I worry that I won't be able to cancel the other one if there's some crossover. Ugh.