Cancelling a B.E.S.T. Warranty

I have a potential buyer for my Spyder, but they are not interested in the three year extended warranty that I have. The manufacturers warranty is still good until June 15, 2017, so the extended warranty hasn't even kicked in yet. Is it possible to cancel it and get my money back? I tried calling the dealer where I bought it but have not had much luck getting through to anyone.

If there is a way to cancel it (which I would think you could), is there a way to do it other than through the dealer?

Thanks,

Pam

Nope. We tried to transfer it to my wife's new Spyder and we couldn't even do that. It stays with the bike.

Why in the heck wouldn't they want to give you some money for it?? They're not making a good decision there.

Good luck on getting a refund for an unused warranty that was purchased. I don't think that is done anywhere. To much money changes hands all the way down and there is no way of getting it back.

If it happens, please let us know. :popcorn::popcorn:

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Originally Posted by bscrive

Nope. We tried to transfer it to my wife's new Spyder and we couldn't even do that. It stays with the bike.

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:agree: No, you can't cancel it, and Yes, it goes with the bike. Even if they don't pay you for it, they get it anyway. I would bet that the "buyer" already knows this, and is trying to get over on you. The problem is, as I have found out by trying to trade in/up is that the fact that there is a warranty that the prospective buyer doesn't have to pay for, and they are probably looking at KBB or NADA prices which don't allow you - as the seller - to "plug in" the cost of the extended warranty. My B.E.S.T warranty expires in September of 2019, but if I could get a good trade up deal I would let the $600 bucks I spent on it go. I've already gotten my money's worth out of it, so to me, no big loss.

Warranty companies all differ in coverage payment transfer etc. I had one on a car back when and they refunded the unused portion of the warranty cause I didn't tranfer it or they wouldn't tranfer it. Not familiar with the b e s t program. :dontknow:

Just out of curiosity, Pam, why would you be selling your Spyder? Looking to buy another one, or have you decided it just isn't for you, or some other reason?

I don't mean to hijack, but what is a BEST Warranty. My F3 is a lemon.

Yes you can cancel warranties as long as it has not been used. You will have to go through the selling dealer to do so. You will only get the unused or pro-rata premium back.

It's an extended service contract that kicks in after the original warranty runs out...

Pam,
It seems that the B.E.S.T. warranty will have to go with the bike...
Did you figure that into your original selling price?
(It might be worth trying to re-negotiate the deal: as much as I hate to have to say that... :banghead:)

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Originally Posted by Rogue Hawk

I don't mean to hijack, but what is a BEST Warranty. My F3 is a lemon.

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An extended warranty you can buy from any spyder dealer before your 2 years run out. You can buy up to 3 years. $50 deductible.

I am not sure the new buyer is worthy of your Spyder:p
I would still call to make sure you cant get a refund or even partial refund. I know car extended warranties are refundable.

Keep us updated. Hope you get your money back!

There have been a lot of changes in the refund policies in the last few years and a lot of states have required the companies to keep the money for the warranties in an escrow type account and cannot realize profits up front. They have to amortize over the life of the policy. It was designed to protect people from companies going out of business and losing their money. The policies are different in all of the states so check it out in your local area.

While I have never heard of anyone getting a refund or partial refund on their Best warranty, Joe got a prorated refund on the remainder of the extended warranty he had on his Honda.

Suck it up Buttercup

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Originally Posted by hillbillywhisperer

Yes you can cancel warranties as long as it has not been used. You will have to go through the selling dealer to do so. You will only get the unused or pro-rata premium back.

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Not for BRP BEST extended service contract. It goes with the bike to the new owner. They do not refund.