biophase
Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Unscripted!
Summit Attendee
Speedway Pass
If you look at it from a strictly monthly payment perspective, you are paying $75 more a month than you wanted. I assume that this is over 60 months, which comes out to exactly $4500.
The interest charge doesn't really matter, because yes, you are paying only $80 more in interest for the warranties. But you are paying almost $4500 more in principle.
When did you purchase this car? If it was within a few days I'd go back and get rid of that stuff or try to return the car.
They basically upcharged you $4500. And they would have given you the 2.69% APR anyway on the loan without the warranty.
The interest charge doesn't really matter, because yes, you are paying only $80 more in interest for the warranties. But you are paying almost $4500 more in principle.
When did you purchase this car? If it was within a few days I'd go back and get rid of that stuff or try to return the car.
They basically upcharged you $4500. And they would have given you the 2.69% APR anyway on the loan without the warranty.