Quote:
Originally Posted by flopshot
Now that is a bunch of lies. They told you that you could get a refund after the warranty runs out? You are buying "insurance", and you don't get your insurance premiums back if you never cash in. What they probably really meant was that you can get a pro-rated refund if you sell the car before the warranty expires.
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Not necessarily. I never purchased an extended warranty and was saying no to the usual sales pitch. They then said that if I didn't use it I get my money back.
I was skeptical, but read through the fine print and it's true. If I never use it I get it all back minus I believe about $50. If I cancel it prior to the term expiring I only get a prorated refund.
BTW, mine is a third party warranty - not one from Toyota. So I of course have to hope they're still around in seven years.