I bought a used car and a 3 year extended warranty for it. In small print on the BACK of the contract, it says no refunds, can only be transfered to a new buyer.
I traded the car in Saturday and called today to see about transfering it to my newer car or a prorated refund, (which I was going to apply to a warranty for the new car.)No deal! No refund, no tranfer. So I paid 1200.00 for a year! I have always bought extended warranties and either got a refund or transfered it to the newer vehicle...this is the first I have heard of no prorated refunds!
I have been pleased with extended warranties in the past, but I will just go with bigger names that refund or transfer to a new car.
Monetary Loss: $1195.