Is a Toyota extended warranty refundable?

I bought an extended warranty when I purchased my Toyota. Unfortunately, I need some cash to pay for an unforeseen expense, and I was hoping I could get my money back for the warranty. Is the extended warranty from Toyota refundable?

Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The Toyota extended warranty is refundable as long as you cancel it and request a refund within 30 days of the purchase. If you’re still within this timeframe, you can cancel and get a full refund less a $50 administrative fee.
However, if you’re outside 30 days, don’t stress too much. Toyota will still refund the extended warranty, albeit at a prorated amount. So if 10% of your warranty is over, you’d still get 90% of the purchase price back minus the $50 fee.
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MORE: How to choose an extended warranty
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