Ford ESP and the prorated refund

[jhelrey]

.........

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[Hkak45]

I've done it three times and never had issues getting my check. With that said my last vehicle was a year old and 22k miles when traded and they gave me back half what I paid which I thought was pathetic

 

[Buyer2021]

Refund calculation for ESP contract in effect more than 30 days:

((Purchase Price Paid / Plan total miles) x miles remaining) - $75 cancellation fee = refund

OR

((Purchase Price Paid / Plan total months) x months remaining) - $75 cancellation fee = refund

Whichever yields the lowest refund.

IOW, it's a straight pro-rata calculation based on what you used most (miles or months) minus the cancellation fee.

Claims made / paid has no effect on the refund.

All of this is in the Cancellation and Refund clause of your ESP contract (Article 12 in mine).

 

[FirstFord]

Refund calculation for ESP contract in effect more than 30 days:

((Purchase Price Paid / Plan total miles) x miles remaining) - $75 cancellation fee = refund

OR

((Purchase Price Paid / Plan total months) x months remaining) - $75 cancellation fee = refund

Whichever yields the lowest refund.

IOW, it's a straight pro-rata calculation based on what you used most (miles or months) minus the cancellation fee.

Claims made / paid has no effect on the refund.

YOU continually blow me away with your depth of knowledge!!!!

 

[Buyer2021]

YOU continually blow me away with your depth of knowledge!!!!

Mostly a matter of thinking where to look for answers, not depth of knowledge. In this case I just figured it logical that anything relating to ESP cancellation would be addressed in the ESP contract, so looked there.

 

[FirstFord]

On the one hand, my comment was specific to this thread. On the other hand, it was equally a generalized statement. You are awesome at your knowledge base and your willingness to research for others!

 

[gagliano7]

Just so you know at least in NY if you still have a loan the money goes to the lender not in your pocket.

 

[PughDE]

I had two Ford ESP warranties. That I used to entice the buyer. In both cases, it cost me $75 to transfer the warranty to the new buyer. I also had an extended maintenance contract that I did get a refund from the dealership for the remaining portion that wasn’t used.

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