Extended warranty info!
Hello: Hal here.I sold service contracts while doing the function as business Mgr.
Finance etc. and Mike is accurate in his information,for all the reasons he mentioned.If anyone has purchased a non GM extended warranty,double check
the coverage as stated in the policy ie:some contracts are considered to be
exclusionary:meaning they state what is not covered,hence,if it is not in the exclusion you are ok! The problem that one might face is , if they purchased
a non exclusionary policy,too many components not covered?!These service agreements are cancellable and usually pro-rated relative to miles and or time
spent,in another words time left on contract.It generally takes up to six weeks
to recieve a refund,if one paid cash the refund will come to you,however,if the dollar amount paid for S/C was financed the refund amount will be applied to
your retail sales contract as a principal payment. FYI

PS: I forgot to mention,that you can purchase a
extended New policy any time during factory basic coverage time.IMO,waiting serves no purpose,they are subject to price hikes once to twice a year, relative to ongoing cost of repair adjustments etc.