I'm told if I cancel now, it will be prorated and I will not receive the full amount back despite my car still being under the manufacturer warranty (36,000 miles or 3 years, whichever comes first). The #1 goal is to help educate consumers. Edit: Also, I thought it would be nice to have a maintenance plan tacked on since I have never purchased a vehicle through a dealership before. From my understanding, if I cancel the extended warranty, the money would go straight to capital one (or the dealer, that sends it to Capital one) am I right? An extended warranty does have one benefit: peace of mind. I always thought the extended warranty kicked in after the original warranty expires. I did cancel my extended warranty through ford, and when you do that they pro-rated and return a certain amount back. How much will I get back? How to get your money back. I purchased a car from another dealership and traded in my car that I financed through Santander Finance/Drive Financial with a warranty I bought through Carmax. If you have an accident while you still owe payments on your car, you can lose money. I have a loan on the car, so does the bank get the refund? They exist concurrently WITH the How much can I expect to get if I cancel my extended warranty on my SV650 I bought in November? Why you may want to leave it in place. My warranty is a 7 year 100,000 mile and cost me about $2400! I purchased a Ford Extended Warranty when I bought my car new. when i got my car in 07 stupid me i got the extended warranty i read on another fourm that if you do not use your warranty you get money back is this true ? To cancel a dealership-issued warranty, deal with the dealership's finance manager. The sales person talked me into getting the 7yr, 100k extended warranty. We have seen first hand how the process is sometimes delayed by the warranty companies so we just want to lend our expertise and get back what’s rightly yours. Whenever you look to buy a new extended car warranty, you always need to consider its worth to you. I got something in the mail a couple of months ago telling me I still haven't bought a Genuine Chrysler Service contract yet. You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy.
To cancel the original owner protection plan deal directly with BMW North America, call the necessary provider and get details regarding exactly how to cancel the plan; as each warranty … And since extended warranties can be purchased at any time, you could save yourself hundreds of dollars by canceling it now and renewing it when you need it. An extended warranty on a new car won’t kick in until after the manufacturer warranty ends.