Posted by: sojodude August 4, 2010
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I think 1 year could be a stretch, but you can still try. 1st thing is to talk to the person who sold you the warranty and ask him/her about the cancellation process. Since technically the extended warranty doesn't apply until the factory warranty expires, so you may have a chance.
I cancelled mine a week after purchasing, and it took them 2 months to refund. They always made excuses like the person is on vacation and stuff like that. But I was pretty persistent till I got full refund.If it doesn't happen, maybe you can negotiate lowering the price or get more coverage from what you have now. You may still be better off with extended warranties since Toyotas aren't reliable these days, but you can buy cheaper online at warrantydirect.com or something. No need paying extra money to the dealers if they don't agree on lowering the price or giving you a better coverage.