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Only if damage is incurred by the lowering. So if you damage let's say, the oil pan, scrape your chassis, exhaust, etc, you're S.O.L.
To be honest, unless the mod is minor, all mods will void a warranty. Now some dealers have exceptions, so you have to contact them to get the definite answer. Some dealers are flexible and might not void it. But 99% of them will void.
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Why do banks charge you a "non-sufficient funds fee" on money they already know you don't have?
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