If you bought an extended warranty with your new F150 from the dealer less than a month previous can you cancel and get a full refund?

 

Did you read your contract?

You can cancel your FORD extended warranty at any time, unless you made a claim. You will get a pro-rated refund. If it's a 3rd party contract, you will need to read it?

 

It isn't for me a friend just got a new F150 and was suckered into the Ford dealer's prices. I suggested he cancel and re-buy through Flood Ford.

 

Pretty amazing that anyone signs a contract without reading and understanding it, but it happens every day.

 

Typically yes. Reading the fine print will determine if so. I've cashed out extended warranties people have left on used trucks I've bought.

 

He understands what he got he is just unsure if it can be cancelled for a full refund.

 

If you go back and read my initial response, I provided the answer. If it's a Ford extended warranty, he can get a pro-rated refund. If it's 3rd party, no idea. And he can read it and find out.

 

Details? How much did he pay and what were the terms of the warranty? Was it a geniuine Ford ESP warranty? (or whatever they are calling it now)

 

From my Ford ESP. See the statement at the end about State Specific Requirements. If he lives in one of those states his will be different.

12. CANCELLATION AND REFUND
(A) YOUR RIGHT TO CANCEL THIS AGREEMENT AND RECEIVE A
REFUND:
(1) If the Selling Dealer receives a written cancellation request, including a
copy of Your Application, proof of payment and statement of the odometer
reading, on or before the 30th day from the Signature Date and no claims have
been filed under this Agreement, the Selling Dealer will cancel this Agreement
and refund the purchase price You paid for this Agreement, minus a $75
processing fee for each plan cancelled.
(2) If the Selling Dealer receives a written cancellation request, including a
copy of Your Application, proof of payment and statement of the odometer
reading, after the 30th day or a claim has been filed at any time during the
term of this Agreement from the Signature Date the Selling Dealer will divide
the purchase price You paid for the Agreement by the number of miles or
months of coverage provided by this Agreement, whichever is greater. The
Selling Dealer will multiply this dollar amount by the remaining unused miles or
months, whichever is less, and refund this amount ("Pro Rata basis'') to You or
Your lender, minus a $75 processing fee for each plan cancelled.
(3) If the Selling Dealer is no longer in business, then You may submit a
written request to Us at the address referenced in 11A.
(4) You may not cancel the options You purchased without canceling the entire
Agreement. If this Agreement expires under the time or mileage limitations,
You are not entitled to a refund. If we provided this Agreement to You at no
cost, You are not entitled to a refund.
(5) If You have financed this Agreement, (a) any refund due under this
Agreement will be made payable to the lienholder, up to the amount of the lien;
and (b) only that portion of a refund due under this Agreement in excess of the
amount of the lien will be paid to You. If this Agreement was not financed, any
refund due under this Agreement will be paid by check issued in Your name.

STATE SPECIFIC PROVISIONS: The following provisions are
applicable in the states set forth below and modify only those specific
terms referenced. All other terms and conditions are unchanged.
14.01 For Agreements in ALABAMA, ALASKA, HAWAII, MAINE,
MINNESOTA, MISSOURI, NEW JERSEY, NEW MEXICO, SOUTH
CAROLINA, TEXAS, AND WISCONSIN:

 

Flood Ford? Do they specialize in selling water flooded trucks?
Sorry couldn't help it.

As the others said, yep you should be able to cancel but the mileage and maybe also time depreciation will subtract from the refund.
At least thats the way my Ford extended warranty works.