If you recently purchased a car with an extended warranty included in the loan, you may be wondering if you can cancel it and get a refund. Generally, you must cancel within a certain period of time, usually 30 to 60 days, in order to receive a refund. However, some contracts may state that you cannot cancel after this period. Uproar is the first extended warranty company to offer a 100 percent digital subscription-based experience.
An extended warranty may be beneficial if your car needs frequent repairs. If you decide that you don't need it, canceling the extended warranty could save you hundreds of dollars. Before making a decision, consider our comprehensive guide to extended guarantees and auto loans.In most cases, the reason a dealer can refuse to cancel an extended warranty is if you file the cancellation request after the limit. Endurance is the leader in the field of extended warranty, followed closely by CARCHEX and Protect My Car.
To cancel the car warranty extension, you'll need to fill out a form specifying the mileage and the date of cancellation, and then get a signed copy of the form from the dealer. Unfortunately, dealers who sell you an extended warranty receive a commission for doing so and won't rush to help you cancel.
What is an Extended Warranty?
An extended warranty is a type of guarantee that provides additional coverage for your vehicle beyond the standard manufacturer's warranty. It could be useful if you need expensive repairs that would otherwise cost thousands of dollars. Another type of extended warranty is one offered by a third party, such as the car dealer where you purchased the vehicle.What is a Standard Warranty?
Standard warranties are quality guarantees from companies that promise to replace or repair a product if any unforeseen damage or malfunction occurs.A warranty program can last from one to eight years and most manufacturers offer in-house extended warranty programs when you purchase the vehicle.
