Incorrect. When I decided to dump the 2003 Malibu LS I bought new in
September of 2002 (after owning it for 9-months), I cancelled the extended
warranty for a full refund. I then sold the car to CarMax. Odd your
extended warranty was $2K...I paid $1,200.
One thing you are right about, the value drops quickly. But in my case, I
didn't care. It was well worth the $6K hit to get rid of it.
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