Ok so back in February I purchased a 2009 GMC sierra, two days ago I traded the 09 in for a 2013. For the 09 I purchased gap insurance, extended warranty, and after recently reviewing my paper work the dealer some how sold me some sort of life insurance ( if I were to die, I guess it would keep the bank from burning a dead mans credit, I don't know?). Anyhow am I entitled to a refunded ( not a full one, at least a prorated one) from the dealer that originally sold me the 09, keep in mind I purchased the two trucks from two different dealers. I paid for the gap, extended warranty, and the life insurance cash, I put down $5000, I only owned the truck 4 months, bought it with 31k miles traded it in with 36k miles. The way I see it/calculate it the dealer owes me at least 3/4 of that money back ( I know the refunds will probably come back from the warranting/insuraning company/s, but I will have to go through the dealer either way). Ext warranty was $2400, can I expect maybe $1800 back? Gap was $700 can I expect maybe $450 back? And that darn life insurance was $300, maybe $200 back from that?
Extended warranty refund…
- Thread starter jimmy87
- Start date
- Status
Your money is GONE!!!
I would inquire.
From experience I know that Chrysler will prorate their extended warranties. Never purchased the insurance policies you mentioned
From experience I know that Chrysler will prorate their extended warranties. Never purchased the insurance policies you mentioned
I've done this before and was able to get a prorated refund. If I remember correctly, I went directly to the insurance co. You could try calling the dealer first and ask.
Dealt with ford on a extended warranty refund once and got in the ballpark the prorated amount. Talk to the finance person and bring your bill of sale on your former truck. I think you have a shot on the extended warranty not so much on the other stuff but it won't hurt to ask. Keep us posted.
One more thing, as far as the 2009 goes, I really really planned on keeping that truck, but I didn't i had some work done to it under the extended warranty, total price of the work was $600 for the company warranting the truck. By making a claim did i screw myself out of the refund? [censored] I'm an idiot, I bet you guys are having a field day with this one…
Originally Posted By: jimmy87
Ext warranty was $2400
Quote:
Gap was $700
Quote:
life insurance was $300
For a 2009 GMC?
Holy Samolians!
You must of really liked the rig.....but now that was only a few months ago.
You didn't really need any of that junk. Maybe though if you paid in advance for the insurance, yes you can get a refund on the premium - in fact I'm pretty sure you will.
On the extended warranty, it should say. Read the details.
Ext warranty was $2400
Quote:
Gap was $700
Quote:
life insurance was $300
For a 2009 GMC?
Holy Samolians!
You must of really liked the rig.....but now that was only a few months ago.
You didn't really need any of that junk. Maybe though if you paid in advance for the insurance, yes you can get a refund on the premium - in fact I'm pretty sure you will.
On the extended warranty, it should say. Read the details.
Bought an extended warranty with my first Honda. Realized I didn't need it after a couple of years so I called to have it cancelled. Since it was a Honda program, they prorated it and sent me the refund. Dealer didn't have anything to do with it as they just offer the warranty and it's up to the warranty company to do the prorating and send the refund. So I would just skip contacting the dealer and deal straight with the company issuing the warranty.
Originally Posted By: jimmy87
Ok so I called the dealership where I purchased the 09, and they informed me that I am entitled to a prorated refund on all the warranties/insurance's, especially since I paid cash. I'm off to see the cashier. Ill let yall know how it goes.
I was going to tell you that you would get a refund on those things so definitely head to the dealer to get it started. Usually the dealer helps you get the money back but it comes from the company that issued it though. I would be surprised if the dealer gives you a check for all of it today.
Ok so I called the dealership where I purchased the 09, and they informed me that I am entitled to a prorated refund on all the warranties/insurance's, especially since I paid cash. I'm off to see the cashier. Ill let yall know how it goes.
I was going to tell you that you would get a refund on those things so definitely head to the dealer to get it started. Usually the dealer helps you get the money back but it comes from the company that issued it though. I would be surprised if the dealer gives you a check for all of it today.
Yikes, lots of cash down the drain.
Why so many 'add ons' ?
Why so many 'add ons' ?
Originally Posted By: NHHEMI
Originally Posted By: jimmy87
Ok so I called the dealership where I purchased the 09, and they informed me that I am entitled to a prorated refund on all the warranties/insurance's, especially since I paid cash. I'm off to see the cashier. Ill let yall know how it goes.
I was going to tell you that you would get a refund on those things so definitely head to the dealer to get it started. Usually the dealer helps you get the money back but it comes from the company that issued it though. I would be surprised if the dealer gives you a check for all of it today.
^^^ this, all three things are going to be prorated and refunded, basically the checks in the mail, just got back from the dealer.
So now I'm left wondering is gap insurance really necessary, what about the extended warranty? See the 09 I bought used, that's how I justified the purchase of both the gap and the ext warranty, I just purchased a new truck two days ago and I declined both the gap and the extended warranty, finance guy [censored] near begged me to purchase both but believe it or not I was smarter than that this time around. To answer my own question I believe that the gap and ext warranty were justified on a used vehicle that is almost out of factory warranty and if it totaled I'm almost sure I would have ended up with negative equity (that's my justification for gap). What do you guys think?
Originally Posted By: jimmy87
Ok so I called the dealership where I purchased the 09, and they informed me that I am entitled to a prorated refund on all the warranties/insurance's, especially since I paid cash. I'm off to see the cashier. Ill let yall know how it goes.
I was going to tell you that you would get a refund on those things so definitely head to the dealer to get it started. Usually the dealer helps you get the money back but it comes from the company that issued it though. I would be surprised if the dealer gives you a check for all of it today.
^^^ this, all three things are going to be prorated and refunded, basically the checks in the mail, just got back from the dealer.
So now I'm left wondering is gap insurance really necessary, what about the extended warranty? See the 09 I bought used, that's how I justified the purchase of both the gap and the ext warranty, I just purchased a new truck two days ago and I declined both the gap and the extended warranty, finance guy [censored] near begged me to purchase both but believe it or not I was smarter than that this time around. To answer my own question I believe that the gap and ext warranty were justified on a used vehicle that is almost out of factory warranty and if it totaled I'm almost sure I would have ended up with negative equity (that's my justification for gap). What do you guys think?
Of course the Finance Guy begged you to buy both coverages ....
They are both big $$$ makers for him.
They are both big $$$ makers for him.
- Status
Similar threads
