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I purchased a 5 year extended warranty and after thinking about it, a while, and having the electrical, parts and shop manuals; I told the dealer I'd like to drop it and all I needed to do was come in and sign a paper. I did that, no problems.

But it's like any insurance, you are betting it will have major problem and the insurance company’s betting it won't or will be able to get out of covering it in some way.

My warranty would have been transferable but no re-fund after 5 years if you don't use it that was the old way they did it.

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