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re: New car totaled - value for insurance.
Posted on 9/20/23 at 8:24 am to Tigris
Posted on 9/20/23 at 8:24 am to Tigris
I have mentioned a fear of this scenario when the dealer pushes an extended warranty. You pay $$$ up front for it, it does not kick in until after the manufacturer warranty term, then you don't even have the car that long before it is totaled.
Dealers have said that the premium would be refunded on some pro rata basis, but I'd be curious if anyone has real life experience trying to get such a refund. I'm guessing they don't let go of the money too easily.
Dealers have said that the premium would be refunded on some pro rata basis, but I'd be curious if anyone has real life experience trying to get such a refund. I'm guessing they don't let go of the money too easily.
2
Posted on 9/20/23 at 9:24 am to Twenty 49
quote:
but I'd be curious if anyone has real life experience trying to get such a refund
My first new car I bought I fell for the extended warranty sales tactic. When I brought it to my mechanic for the oil change, he explained why it was a bad deal and that I should cancel. I was able to get the prorated refund pretty easily with a call.
Posted on 5/13/24 at 9:52 pm to Twenty 49
quote:
Dealers have said that the premium would be refunded on some pro rata basis, but I'd be curious if anyone has real life experience trying to get such a refund. I'm guessing they don't let go of the money too easily.
Bought a car with extended warranty. Sold car 12 Mos later. Got about 90% of the money back when I canceled.
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