conversation: User (GeneralBrick): "So I bought a used car the other night, and it came out to around 15k. Afterwards the financing guy kept trying to sell me on these bullshit warranty packages that I know are ran through fidelity and worth basically nothing. \n\nThe problem is that he goes "well I can lower your interest rate to 4.75 instead of 6&amp;#37; if you do the warranty, but also mentioned that we could cancel the warranty at any time.\n\nI know I'd have to pay like $200 in sales tax on this $2900 warranty, but he also offered to write me a check for the taxes to cover that. \n\nIs it even worth my time to entertain this warranty, knowing full well that I'm going to cancel it almost instantly? Or should I just take the higher interest rate for now and then refinance it elsewhere almost immediately? For reference, I have a steady income of around 55k / year as a nurse. My credit score is around 750, but unfortunately I don't have a very huge credit history, and my credit cards that I have don't have huge limits due to me having them since like high school.\n\nIf I were to refinance my loan, is there a rough range I could be looking at for rates? "
  Self: "&gt;Is it even worth my time to entertain this warranty, knowing full well that I'm going to cancel it almost instantly?\n\nYou realize if you cancel the warranty you get back only what the actual warranty cost, not what the dealer charged you. So dealer may charge you $2900 for the warranty, but the warranty cost them $1000 from fidelity, so if you cancel you get the $1000 back from fidelity, the dealer keeps the $1900, that is why they don't care if you cancel. "
  Bogrom (Bogrom): "cite?"
  