How to Cancel an Extended Auto Warranty

Cars are a wonderful way to get from one place to the other, but can also comes with strings attached if you aren't careful. When looking for a car, the employee helping you may suggest getting an extended auto warranty to cover parts and labor for another 50,000 to 100,000 miles. At first glance, the warranty sounds like a good idea, but pay close attention to the price. You may end up wanting to cancel the contract.

Instructions

1

Call the car dealership from which you purchased the car and find out the work schedule for the employee who sold you the warranty. This person is probably a finance manager. By calling you can save yourself an unnecessary trip to the dealership.

2

Go to the dealership when the finance manager is working and request a short meeting. Hand them your warranty and ask to have it canceled. In most cases, the finance manager will get a cancellation contract for you both to sign; however if you have owed the car for a while or put many miles on it, you might find it harder to get out of the contract.

3

Ask for a copy of the cancellation contract once it's been signed by both parties.

4

Request the contract be processed immediately. This might require follow-up on your part since the dealership loses less money on the warranty as time passes.

Normally refunds take a few months to process.