I recently purchased a new 2017 Prius c One and purchased the prepaid maintenance and a few other warranties, but I'm having second thoughts and wondering if it was worth it or if I should cancel, For the Vehicle Protection plan for 7yrs or 75k miles : $2,595 Prepaid maintenance for 5yrs or 55k miles : $1,050 Tire& Wheel for 7yrs- $495 Theft Protection-$195 After these charges and interest the total of the car comes to around 28k and After driving for almost 3 weeks now/700+miles, I don't feel that the car is worth more than 20k (which is the price before these charges)
Scheduled maintenance the first 5 years is composed of oil & filter changes and tire rotations. The first two years are priced into the selling price of the car. At best, 5 oil changes for $1050 is $210 each which is pretty expensive. If there was a high probability of the car needing $2595 worth of repairs out of warranty and under 75000 miles the dealer wouldn't be selling the policy. If you believe you'd have to drop $2595 on repairs why buy the POS car? All that listed stuff is high profit for the dealer and the salesman who pushes it. Cancel what you can and get a refund. If the stuff was paid for with borrowed money the refund will go to the lender.