Can I Cancel My Extended Auto Warranty

Some extended service contracts charge a cancellation fee and some cannot be canceled. Other contracts can be canceled free of charge during an introductory period. For example, GM offers a 60-day "free look" period during which the contract may be canceled and the customer given a full refund, as long as no claim has been filed.

In the event that you do not use the entire term of your extended warranty and would like to cancel, many extended warranty companies do not offer a reasonable method of determining how much money you get back. Most extended warranty companies in the industry use time, miles, and also claims in determining your pro-rated refund.

Insure that you are receiving a fair method of pro-ration by selecting a plan that doesn't take claims into account when determining the amount of refund.

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