Bought New Car- Can I cancel Tire/Rim Insurance British Columbia?
I just bought a new car (Mazda CX-5) - so excited about it.. but in the financing office he told me that the cost included tire and rim insurance luxury- for a lot of money.. I did not have to get it but my husband said I should.. and the finance guy really talked it up.. for some reason as well they added it into the initial price that they did the financing on, without telling me, before I even went into the financing office.
I came home (I go to pick up the car on Monday), and looked online about it and it doesn't sound great.. Reading over the fine print too, it's got limits on many costs, plus I think they way overcharged me for it.. It includes keys, paintless dents, burns and cuts in the fabric and rims and tires up to a certain amount. For 5 years. it was $1995 CAD.
Anyways- on the insurance warranty it looks like I can cancel it minus $100 and taxes.. But since it is through financing will that be a problem? Or because it is on the sales contract will it be a problem (it is through another company)
Would appreciate any insight And if it will be possible to cancel. I did not go for extended warranty insurance past the initial warranty
Thanks for any input !