Change of mind on RAC Warranty

frennick

Long story short, bought a new car today and got sold an RAC Gold Warranty for 2 years, costing £250. After seeing the horrendous reviews on this company and their warranty, I want to cancel. Do I have the right to ring the dealer in the morning and ask for my money back?

Thanks in advance for any help.

wealdroam

frennick wrote: »

Do I have the right to ring the dealer in the morning and ask for my money back?

Yes, you have that right.

Whether he agrees to your request or not depends on a number of things.

Firstly, what does your agreement say about cancelation rights?

frennick

There isn't one as such, we were just given a copy of the RAC Gold Warranty booklet, and an invoice which lists the £250 alongside the cost of the car. etc.

wealdroam

frennick wrote: »

There isn't one as such, we were just given a copy of the RAC Gold Warranty booklet, and an invoice which lists the £250 alongside the cost of the car. etc.

Is this the booklet you got?

http://media.rac.co.uk/pdf/warranty-terms-conditions.pdf

In there it says...

Cancellation: You have the right to cancel this Warranty at any time during the Cover Period.
You are entitled to a full refund of the premium paid by You, should You cancel within 14 days from the date of Warranty purchase.
If You wish to cancel Your Warranty after 14 days, You will not be entitled to receive any refund of any premium paid by You. You should, if requested, promptly return any proof of entitlement provided and must not, in any event make any further claims under the cancelled cover.
To cancel Your cover please contact the Administrator on 0845 070 7789; or in writing to The Administrator, TWG Services Limited, Mechanical Breakdown Claims Department, The Aspen Building, Floor 2, Vantage Point Business Village, Mitcheldean, Gloucestershire GL17 0AF.

Please have a look at your documentation.

arcon5

You don't have any statutory rights to cancel this, there may be a cooling off period offered as part of the deal. This will be your savoir.

wealdroam

arcon5 wrote: »

You don't have any statutory rights to cancel this, there may be a cooling off period offered as part of the deal. This will be your savoir.

Oh, I thought you did have a statutory right to cancel insurance based products?

Admittedly, we don't yet know the full detail about the OP's [STRIKE]policy[/STRIKE] warranty.

arcon5

wealdroam wrote: »

Oh, I thought you did have a statutory right to cancel insurance based products?

Admittedly, we don't yet know the full detail about the OP's [STRIKE]policy[/STRIKE] warranty.

I thought that was only where purchased at a distance and where credit was involved... will have to check on this