Canceling an extended auto warranty can be a daunting task, but it doesn't have to be. With the right information and a few simple steps, you can easily cancel your extended warranty and get a full refund. First, you'll need to fill out a form specifying the mileage and date of cancellation. This form should be obtained from the dealer where you purchased the warranty.
Once you have the form filled out, you'll need to get a signed copy of it from the dealer. The most direct way to do this is to contact the dealer's accounting department, as they are usually responsible for processing cancellation and refund documentation. It's important to note that a vehicle service contract (VSC) is often referred to as an “extended car warranty” or “car warranty”, but it is not actually a warranty. When you contact the dealer to cancel your extended warranty, make sure to get the name and phone number of the associate who helped you. If you choose to cancel your extended warranty within the fixed cancellation period, you will receive a full refund. You may need to fill out a cancellation form, so be sure to get a copy signed by a dealer representative.
The purchase order contains all of the information that the dealer needs in order to process the cancellation. If you recently purchased an extended warranty and don't yet have the contract, call the financial manager who sold it to you. Take a good look at the actual contract you signed for the products and look for a cancellation clause. This clause will outline any fees or charges associated with canceling your extended warranty. It's important to remember that car buyers are often pressured into buying an extended car warranty, so called because it takes effect after the new car's warranty expires. This can be an expensive bet if you don't know how likely you are to use it or how much it actually costs. Andy Meisler, a retired Los Angeles journalist, was offered an extended warranty when buying a Toyota Prius, but he decided not to accept that bet.
He asked why it takes between 8 and 10 weeks for the company through which the warranty was purchased to process cancellations when they said that it usually takes 2 to 3 weeks. Canceling an extended auto warranty doesn't have to be complicated or time-consuming. With these simple steps and some patience, you can easily cancel your extended warranty and get a full refund.