How to Reduce the Interest on a Car Warranty
- 1). Call your warranty lender. The information should be on your warranty contract or paperwork you signed for your line of credit.
- 2). Tell a representative that you want to pay down the amount of your warranty purchase. If you have the funds, you can pay the cost off completely. If not, find out from the representative how you can make extra payments towards the principle amount--some companies require two separate payments or a phone call that states your intentions before payment.
- 3). Follow the representative's instructions for paying towards your principle amount until the warranty is paid off completely.
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