Quote:
Originally Posted by UpstateJohn
The warranty was included with the amount loaned, not the down payment. The OP received a check for $4000, which was what was put down on the car. Dont know why its not clear that the OP isnt entitled to the warranty money back.
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The insurance company didn't insure the warranty.
The loan amount as nothing to do with this. What if OP had rolled $5K in negative equity without gap insurance? What if OP had borrowed money against the car after he had bought it?
Insurance agreed that the car was worth the full amount of the sales contract, and cut two checks accordingly. At the very least, OP is entitled to 15% of the value of the warranty (I base that on 4/25 of the total sales price put down.)