Can I cancel my Kia extended warranty?

Can you cancel extended warranty after purchase?

Some warranty providers stipulate a strict time period, usually between 30 and 60 days, in which you are allowed to cancel your extended warranty without being charged any fees. Even in this case, however, you should still be able to cancel your warranty, unless your contract explicitly states otherwise.

Can you change your mind on extended car warranty?

Cancelling Your Extended Warranty

You can cancel your extended warranty anytime you want, but understand that the amount you’ll be getting back is based on a pro-rated refund or a partial refund, associated with time and distance driven.

Do dealerships refund extended warranty?

At times, warranty companies pro-rate your warranty refund based on how many months you have remaining on the policy and miles. As a result, they refund you the lesser of the two. Once you have completed steps 1-3 you should submit your paperwork to the dealership or warranty company of your car.

How long does it take to cancel extended warranty?

It depends on the procedures of the warranty companies. Typically it could be anywhere from 3-6 weeks and sometimes a little longer. Remember, these companies are in business to sell warranties, not cancel them so it’s not uncommon for them to try and delay the process.

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How much will I get back if I cancel my extended warranty?

You can cancel an extended warranty at any time and you’ll get a prorated refund for the unused portion of your policy. If the warranty was included in your loan, your car payment won’t drop, but you may pay off the car sooner after the refund is deducted from your balance.

Can I cancel a car finance agreement?

The good news is that you do have the right to cancel your car finance without paying any penalties. You can do this during the “cooling off” period soon after you take out a contract, or through a process called voluntary termination.

How do I remove an extended warranty from my car?

To cancel your extended car warranty, you will need to fill out a form specifying your mileage and the cancellation date, then you will need to get a signed copy of the form from the dealership. You will probably need to nudge them to process the request, so don’t be afraid to call every couple of weeks.

Can I return a car after purchase?

If you’ve purchased a new or used car and you’re having second thoughts about it, in most cases, you won’t be able to return the car. The dealer who sold you the car is usually not legally obligated to take the car back and issue you a refund or exchange after you’ve signed the sales contract.

Why extended warranties are a waste of money?

Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. … In most cases, it’s best to skip the extended warranty and use your extra cash to build up an emergency fund.

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How do I cancel my MaxCare extended warranty?

According to CarMax, you can cancel your MaxCare warranty at any time. To cancel, you’ll need to either contact the dealer you bought the car from, or the administrator of the policy. If you’re unable to return to the selling location, you’ll need to notify Assurant in writing.

Can I cancel a service contract after signing?

There is a federal law (and similar laws in every state) allowing consumers to cancel contracts made with a door-to-door salesperson within three days of signing. The three-day period is called a “cooling off” period.

Do you get money back from gap insurance?

Typically, you should get a full refund on your GAP insurance if you cancel the contract within 30 days of purchasing the policy, though cancelation fees may apply.