Wanting to Cancel My Extended Warranty

Limeybastard

You fill face a lot of resistance when attempting to do this. I am speaking from experience using JM&A in Florida when I purchased an Acura a few years ago with extended warranty.

I too decided that I no longer wanted it ( about 2 weeks after signing for it ). It was a case of faxing over documents and letters to the dealer and for them to cancel it with the warranty folks. The follow ups and being passed around all the time and then being told to wait and nothing coming of it. Eventually I got the refund, which was paid to the lien holder but took a while.. Good Luck.

PS, Never again will I buy an extended warranty. A I never keep the car long enough and B I take my chances plus most warranties are not worth the paper theu are written on. I was hard pressed with GAP and probably wont get that in the future either, especially if you put down a large down payment, no need for GAP.

Akurei

It's only about $2,500-$3,000. You may see a $5-$15 decrease depending on how big your loan is, but there should be a decrease.

Limeybastard

I never saw a decrease at all, it was applied to the principle of the loan on my acura. payments remain the same.

7speed

True, if you have a loan, then the refund of warranty is sent to the finance company. Payments will be same but your payoff will be lower, so probably will shorten loan by a few months.

I was going to cancel mine but still debating because I have needed to use mine a lot. But typically they want you to go to dealer in person and also have service give you odometer statement to show mileage at cancellation and fill out some 2 forms (At least for Nissan warranty).

__________________
09 370z 6spd traded 1/12/15 for 15 Challenger RT 6spd