Can i cancel extended warranty on my car

It will not be the full initial amount paid. Your written warranty service contract should set out all the steps you need to take to cancel the warranty agreement.

While cancellation details might, understandably, be in the small print rather than in a prominent position, the information you need in order to cancel is going to be in your official documentation; you just need to read carefully to find it. The first and most obvious reason for cancelling might be concern about the extra cost.

You may feel that you are struggling to justify spending more than you absolutely have to. Do give this some thought — while any product that effectively protects you from unplanned-for expenditure may never be needed, should you cancel and then suddenly find yourself facing repair bills, you may wish you'd stuck with your warranty cover.

The second reason may be that you're worried about the warranty not covering certain problems. The best way to deal with this is to make sure that you research the warranty cover before signing up, and read the warranty documents carefully.

If, at any point, you are unsure or unclear about any cover details, contact your warranty provider directly for clarification. Terms like 'betterment' and 'consequential failure' can be pretty confusing for consumers and this is why, at Car.

The same rules apply, but in this instance, cancelling your warranty will result in a reduction in your monthly payments rather than in a direct one-off refund. There will be a processing delay, so it might take a month or so for the reduction to kick in. Check on the likely time lapse between request and full cancellation with your provider when you make your initial request for a cancellation.

In this case, you'll have purchased your warranty through a third-party provider, so you'll need to contact your warranty provider directly to request a cancellation. Again, you'll need to ask a specific question about how long the cancellation is likely to take.

If you're really sure you want to cancel, the first thing to do is to contact the dealer through which you purchased the car. Most protection providers work with you to provide personali z ed coverage that fits your needs and budget.

By contacting their customer service, you can work with them to adjust your plan and get it just right. Many people in this situation would rather cancel the extension for now and put the money back in their pocket. Remember , third — party providers often offer considerably better value th an manufacturer s do. By shopping around when the time comes, you may be able to keep some of that cash you saved for yourself.

Ju st check the terms of the contract a nd see who you need to notify of your decision. However , before you do, ta ke a moment to check whe ther you could leav e with a big problem. Any lapses in coverage could leave you stranded at the roadside and liable for costly repair bills if your vehicle encounters a problem. Boiled down to the basics , a warranty is an up-fro nt fee that saves you ser ious money in the long ru n. You have every right to a refund!

With this being the case, it may take months for the request to be completed. If you feel your claim is not handled properly by the dealership — which carries the responsibility of processing the cancellation — you should consult with a lawyer or even take it to a small claims court. Once that is complete, the company will send the cheque to the issuing dealer. The money you get will be sent directly to your bank. If the vehicle has been paid off, and you have proof of it.

The refund will come to you in the form of a cheque. Want to stay up to date on the latest news and stories from the Unhaggle Blog? Sign up for our weekly newsletter! Unhaggle is Canada's leading automotive pricing resource that helps thousands of consumers find great new car deals.