Let's just say that it was a late night at the dealership and I signed up for something I am going to have a hard time getting out of. I bought a 2001 Corolla and accepted terms on a $1,500.00 agreement that expires in September (bought this in March). Too much to pay for only 6 months of protection. The agreement reads 84 months from the delivery date or 158,000 miles whichever comes first. The delivery date counts as 2000. The car had 58,000 miles on it to start when I bought it used in March.
I am beyond the 3 day period that I could have gotten out of this contract legally. I questioned it only because a notice came from Toyota that it really is going to expire. I called the finance guy at the dealer who seemed very uncomfortable with my questions (and I am not raising my voice or acting mad).
Basically, shouldn't a red flag have been raised when selling a nearly 7 year old car? Why offer such a ridiculous warranty that is going to expire in 6 months anyway? What do they offer people who buy an 8 year old car?