How to cancel the extended car warranty?

To cancel your car's extended warranty, you'll need to complete a form specifying your miles and the date of cancellation, and then you'll need to get a signed copy of the form from the dealer. You'll probably have to encourage them to process the request, so don't hesitate to call every two weeks. You may need to complete a cancellation form, so be sure to get a copy signed by a dealer representative. Keep copies of your cancellation form or letter and any other relevant documents.

Some warranty providers stipulate a strict period of time, usually between 30 and 60 days, during which you are allowed to cancel the extended warranty without being charged any fee. If you're not familiar with extended warranties and industry-known terms, such as powertrain or exclusionary coverage, it's hard to know exactly what your protection plan covers. To compensate for the fear, the dealer is ready to offer a seemingly fantastic resource - the extended warranty on the car. Extended car warranties should reduce the risk of buying an older vehicle; instead, they often inflate the price without providing benefits that most consumers consider worthwhile.

If you think your claim is not being handled properly by the dealer, who is responsible for processing the cancellation, you should consult with an attorney or even take it to small claims court. Regular warranties provided by car manufacturers only offer limited coverage that varies by vehicle and time limit. It is not highly recommended to buy extended warranties for new vehicles, as they usually don't break right from the start. At the end of the day, each driver will weigh the pros and cons of buying an extended car warranty on their own.

First, you should contact the car dealer where you purchased your car and let them know (most likely you'll talk to a finance manager) that you want to cancel your extended warranty. If the extended warranty policy comes from the factory, it could be called an OEM (original equipment manufacturer). One of the most common scenarios that leads drivers to cancel their car's extended warranty is to look at how limited the coverage is. If you can afford repairs should they occur, the cost of the extended warranty is probably not worth it.

Most companies will eventually allow you to cancel an extended warranty, but they will make sure to prolong the process relentlessly. A quick Google search of this question will show how many people have dealt with slippery financial officials at dealerships, either tightening an extended warranty or telling outright lies about contract stipulations to keep them on board. Kellye Guinan is an experienced financial writer with more than 500 articles to her credit covering everything related to auto loans, personal loans, business and everything in between. In both cases, you should be able to cancel the extended warranty within a previously agreed period.

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