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Possibly, depending on your state laws. Ask the dealer immediately. If it is an actual "warranty" - meaning it was included in the purchase price (not sold for an additional amount), then no, it is not declinable. If it is a "service contract" - meaning that you paid an additional amount for coverage, then yes, in most states you have 30 days or more to contact the service provider and cancel coverage.

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Q: If you purchased a new car with an extended warranty is there a grace period in which you can decline the warranty?
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