Refund of unwanted extended warranty?
Discussion
Evening all,
A car of mine, that will remain nameless has been sold as it is no longer comfortable enough.
I'm trying to work out if the optional extended warranty is refundable by law.
They claim that it belongs to the car, but I don't agree - it is not due to start for 36 months
From date of purchase. It therefore hasn't had any claims made on it..
Where do I stand folkes?
Cheers
A car of mine, that will remain nameless has been sold as it is no longer comfortable enough.
I'm trying to work out if the optional extended warranty is refundable by law.
They claim that it belongs to the car, but I don't agree - it is not due to start for 36 months
From date of purchase. It therefore hasn't had any claims made on it..
Where do I stand folkes?
Cheers
It's 'only' £395, but as it hasn't kicked in, I can't see why they can't refund it. Maybe they have me bang to rights, and no refund. Bit sad, I had a non fault accident that hurt my left hip. It makes clutch pumping a painful chore, so I had to part ex the car for an automatic. Lost a packet on the part ex, and thought I may reclaim the extended warranty. Disappointing if it is lost, that nearly a weeks work there, of benefit to someone but not me. Thanks anyway.
Most extended warranties are purchased as "optional extras" at time of car purchase and are not something that can be added later.
So although correct in that the extended part of the warranty will not "kick in" until the standard warranty expires, it has to be purchased at time of vehicle purchase and would not be offered to you for £395 after the standard warranty expires.
As someone above says, the only real value is if this extended warranty will be passed on to the next person who decides to purchase the vehicle and if so, how much are the dealership adding to the ticket price because of the extended warranty.
My guess here however would be zero. Potential person comes along to look at the car. Says "Can you do me a deal on this". Salesman knocks his standard amount off and then to "seal the deal" he tells potential purchaser he'll "throw in" the extended warranty - so they will put no value on it.
If curtain airbags were an option (for example) and you decided to purchase. Then you wanted to trade the car in before you'd had the opportunity to use said airbags, would you expect a refund on those?
Airbags physical, warranty not - however both "optional extras" are tied directly to the vehicle.
So although correct in that the extended part of the warranty will not "kick in" until the standard warranty expires, it has to be purchased at time of vehicle purchase and would not be offered to you for £395 after the standard warranty expires.
As someone above says, the only real value is if this extended warranty will be passed on to the next person who decides to purchase the vehicle and if so, how much are the dealership adding to the ticket price because of the extended warranty.
My guess here however would be zero. Potential person comes along to look at the car. Says "Can you do me a deal on this". Salesman knocks his standard amount off and then to "seal the deal" he tells potential purchaser he'll "throw in" the extended warranty - so they will put no value on it.
If curtain airbags were an option (for example) and you decided to purchase. Then you wanted to trade the car in before you'd had the opportunity to use said airbags, would you expect a refund on those?
Airbags physical, warranty not - however both "optional extras" are tied directly to the vehicle.
t !!!
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