Cancelling extended warranty - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

SuperSport2011 · 03-07-2013, 08:02 PM

I got the 5 year extended warranty and I was wondering if I could cancel it. I'm going into to my second year of ownership and I was thinking about doing a tune and performance mods after my 3rd year...and if I can how does it work, do they write you a cheque to pay you back the difference or would they just deduct it off my finance plan?

Dznts · 03-07-2013, 08:03 PM

You sure can. Just visit your dealer and they can cancel it. If its financed I believe the money is credited to the account, if its payed for then the money comes back to you.

motorhead · 03-07-2013, 08:04 PM

It will be paid on the load if you have a loan and you won't get the full amount back

upflying · 03-07-2013, 08:05 PM

Reimbursement might be different in Canada.
If the ext warranty was financed in the loan, it might require refinancing.

Cam2011 · 03-07-2013, 08:06 PM

Good luck with that, unless it is the GMPP you will have a tough time getting a refund, and even if you do it will be pennies on the dollar. I found out the hard way a bunch of years ago that your "extended" warrantee actually starts at the mileage when you took possession of your car. The theory that you are under 36,000 and still in factory does not apply.

Dznts · 03-07-2013, 08:07 PM

There will be a admin fee, which means they will keep a bit of the money.

chipknr · 03-07-2013, 08:09 PM

yes you can cancel it but they will pro-rate it

motorhead · 03-07-2013, 08:10 PM

Quote:

Originally Posted by upflying

Reimbursement might be different in Canada.
If the ext warranty was financed in the loan, it might require refinancing.

Sorry, I missed that he was from Canada. I have no idea what he may be up against up there.

skipinminn · 03-07-2013, 08:11 PM

Also be perpared to wait for your Refund, took me over 2mts to see a check.

POWERMAN · 03-07-2013, 09:20 PM

Are the mods really needed? or can they wait a while more..

Doesnt sound like a good financial decision to me, especially since it's financed and the fact you'll be having it for a while more...

Then again, if your financially stable/flexible, no point holding back now is there?

MillerTime · 03-08-2013, 02:48 AM

I'm gonna cancel mine but i just got it a week ago so I'm good. Within the first month of ownership if there is no claims on the account then it is a full refund.

CWI · 03-08-2013, 03:10 AM

I've done this a few times, like when trading in a car. You would get a prorated unused portion of the "policy" usually based on miles. It is in reality an insurance policy more than it is a warranty.

daveagogo1 · 03-08-2013, 07:38 AM

Here is a guide. Bought car and warranty Dec 31 2010. I kept the warranty until i decided to burn the rest of my overall warranty on mods. Cancelled it 3 1/2 weeks ago after 25 mos & 25,500 miles. Got a check this Wed for $874 original warranty cost was $1,583 got back about 55% of it.

clg_98ta · 03-08-2013, 10:11 AM

Quote:

Originally Posted by Cam2011

Good luck with that, unless it is the GMPP you will have a tough time getting a refund, and even if you do it will be pennies on the dollar. I found out the hard way a bunch of years ago that your "extended" warrantee actually starts at the mileage when you took possession of your car. The theory that you are under 36,000 and still in factory does not apply.

Actually the GMPP warranties start on the date/mileage you purchase the warranty... that's why its always better to wait until just before the 36mo/36K factory B2B expires to buy a GMPP extended plan.

Third party plans vary...

03-07-2013, 08:02 PM	#1
SuperSport2011 Drives: 2011 camaro 2ss/rs rally yellow L99 Join Date: Nov 2011 Location: Toronto Posts: 956 View My Garage	Cancelling extended warranty I got the 5 year extended warranty and I was wondering if I could cancel it. I'm going into to my second year of ownership and I was thinking about doing a tune and performance mods after my 3rd year...and if I can how does it work, do they write you a cheque to pay you back the difference or would they just deduct it off my finance plan? __________________ - Airaid cold air intake - Kooks 1 7/8 long tube headers - Kooks high flow cats - Borla atak 2.5" cat back exhaust - Dyno tune - AFM delete - 94 octane tune - Vitesse paddle shifters - Blacked out rims - Costum painted engine cover - T3 stripes - GM locking gas cap

03-07-2013, 08:03 PM	#2
Dznts Anabolic Connoisseur Drives: Sold - Blown Camaro 2SS/RS LS3 Join Date: Sep 2010 Location: Oklahoma Posts: 22,094	You sure can. Just visit your dealer and they can cancel it. If its financed I believe the money is credited to the account, if its payed for then the money comes back to you. __________________

03-07-2013, 08:07 PM	#6
Dznts Anabolic Connoisseur Drives: Sold - Blown Camaro 2SS/RS LS3 Join Date: Sep 2010 Location: Oklahoma Posts: 22,094	There will be a admin fee, which means they will keep a bit of the money. __________________

03-08-2013, 02:48 AM	#11
MillerTime Blowin the doors off! Drives: A 2013 SS RS 6M SR Join Date: Apr 2010 Location: Phoenix, AZ Posts: 2,390	I'm gonna cancel mine but i just got it a week ago so I'm good. Within the first month of ownership if there is no claims on the account then it is a full refund. __________________ 2G1FS1EWXD9163847

03-08-2013, 03:10 AM	#12
CWI Helping Build America Drives: 2010 2SS/RS,LS3 2013 Duramax 3500HD Join Date: Aug 2008 Location: Freeport LPG Export Posts: 3,839 View My Garage	I've done this a few times, like when trading in a car. You would get a prorated unused portion of the "policy" usually based on miles. It is in reality an insurance policy more than it is a warranty. __________________ Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "Holy shit, what a ride!"

03-07-2013, 08:04 PM	#3
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,850	It will be paid on the load if you have a loan and you won't get the full amount back

03-07-2013, 08:05 PM	#4
upflying Drives: '86 Monte Carlo SS Join Date: Nov 2010 Location: Reno, NV Posts: 3,119	Reimbursement might be different in Canada. If the ext warranty was financed in the loan, it might require refinancing.

03-07-2013, 08:06 PM	#5
Cam2011 Drives: 2011 Camaro 2SS/RS Join Date: Dec 2010 Location: CT Posts: 2,061	Good luck with that, unless it is the GMPP you will have a tough time getting a refund, and even if you do it will be pennies on the dollar. I found out the hard way a bunch of years ago that your "extended" warrantee actually starts at the mileage when you took possession of your car. The theory that you are under 36,000 and still in factory does not apply.

03-07-2013, 08:09 PM	#7
chipknr Drives: 2016 Black Camaro 2SS Join Date: Jan 2013 Location: Fresno, Ca Posts: 15	yes you can cancel it but they will pro-rate it

03-07-2013, 08:11 PM	#9
skipinminn Chiquita Drives: 2013 1LE/1SS YELLO1LE 1 of Only 28 Join Date: Nov 2011 Location: Mpls. Mn./Hudson,Wi. Posts: 4,740 View My Garage	Also be perpared to wait for your Refund, took me over 2mts to see a check.

03-07-2013, 09:20 PM	#10
POWERMAN Drives: '13 Charger Sxt+ Join Date: Mar 2013 Location: Canada Posts: 321	Are the mods really needed? or can they wait a while more.. Doesnt sound like a good financial decision to me, especially since it's financed and the fact you'll be having it for a while more... Then again, if your financially stable/flexible, no point holding back now is there?