Selling Back Extended Warranty - MBWorld.org Forums

Mar 28, 2014 | 06:35 PM

Sanders27

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Joined: May 2013

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From: Virginia

C63 AMG

Selling Back Extended Warranty

Last year I purchased an 09 CPO C63 with only 7k miles on it and also purchased the 2 year extended warranty for right at about $4k. I have decided to get a different extended warranty through USAA which I have had previous experience with and is outstanding. The cost of this is 3700 and covers me for 3 years instead of just two. So my question, how does MB refund the extended warranty purchase. I have looked through all the legal stuff and it is fully returned if it has not been originated but does not say how it is refunded. Anyone know if it is in a lump sum or if they adjust my monthly payments, since the car is financed via MB financial.

Mar 28, 2014 | 06:46 PM

SaphGreyC63

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Joined: Jul 2012

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2012 C63 AMG Sedan

The way I understood is if you owe money on your car they apply it toward your total. If you don't owe money, they cut you a check

Mar 28, 2014 | 06:56 PM

Sanders27

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Joined: May 2013

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From: Virginia

C63 AMG

Gotcha, so basically my payment each month would drop then since I owe. Thank you for the response.

Mar 28, 2014 | 07:45 PM

fraktv

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Joined: Nov 2003

Posts: 109

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From: Santa Clara, CA

2000 C280

Sorry to hijack this thread, but does anybody know if you can get a refund if the extended warranty was purchased by a previous owner and transferred over to you.

Mar 28, 2014 | 10:21 PM

Sidv22

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Joined: Jun 2012

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Audi A5 6MT, C63 AMG

Quote:

Originally Posted by Sanders27

Gotcha, so basically my payment each month would drop then since I owe. Thank you for the response.

the payment each month wont drop but outstanding amount will. for payment to drop, u have to refinance. if you have not used the warranty, you get the prorated amount back.

fraktv, u will have to contact the dealer from where the warranty was purchased and they will do the paper work for you.

Mar 29, 2014 | 10:37 AM

jjj benz

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Joined: Jun 2011

Posts: 61

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SL55

Quote:

Originally Posted by Sanders27

In order for you to cancel the warranty, the SELLING dealer of the warranty needs a signed written request to cancel (include vin, mileage and reason for cancellation) If your car is financed then the refund goes to the lienholder. The process to get the refund takes about 4 weeks.

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