Extended warranty for FREE

[spydernatic]

On July 28th 2012 I bought my first Can Am Spyder RT Limited during the write up of the sales agreement the sales guy offered me an Extended warranty, I never purchase extended warranties so I said ....no thanks...he then tells me " How about if I get all of your money that you pay me today for the extended warranty back to you at the end of the 5 year contract" I looked up at him and said now you have my interest. He goes ahead and explains that if I never use the extended contact during the 5 years he will guarantee I get my money back. I was a little concerned as I had never heard of this before, I sat and thought about this and came to the conclusion that wow this is like having a catastrophic insurance for my extended warranty. I questioned him some more as I thought this could not be possible due to it being like a FREE warranty, he explained that if I had a problem with the Can Am and it would only cost say around $400 I should not use the extended warrant and rather pay for the repair, this would allow me at the end of the 5 years to get all of my money back, but if I had say a major repair say the transmission goes out or some expensive repair for say $3000 I should then use the extended warranty to pay for that.
The extended warranty was not a BRP BEST warranty it was through a company named INTERSTATE it was for 60 months and it cost $1683.00 the insurance was through a company named " THE TORQUE GROUP"
On Sat. I got my check in the mail for the full amount of $1683.00 from the Torque group .....so this was a FREE EXTENDED WARRANTY
I was fortunate not to have any minor or major repairs for the 5 years I owned the 2012 RT as most of the problems I had which were all minor was covered by the 2 year BRP warranty.
I did take out a Performance plus pre-paid Maintenance plan for 3 years with the Dealership which I believe helped me keep my RT in perfect working condition.
The only frustrating part of this was the Torque group told me when I submitted my refund request on July 28th 2017 that the refund could take up to a 120 days to get my refund check and of course it did, they made me wait the full 120 days no actually 125 days for me to get my check.