State Law Guide · Updated January 2026
Most dealer add-on products are cancellable. Most dealers won't tell you that.
New Mexico F&I Product Cancellation Rights
Under New Mexico Service Contract Regulation Act, New Mexico gives you the right to cancel and receive refunds on F&I products. Dealers who fail to comply face Superintendent of Insurance enforcement; Unfair Practices Act damages.
Quick Answer
In New Mexico, you can cancel dealer add-on products at any time. You can sue in Small Claims Court for up to $10,000.
Purchased F&I products in New Mexico?
Check your rights under New Mexico law
Key New Mexico Provisions
| Provision | Requirement | Your Right |
|---|---|---|
| Service Contract Regulation | Active (NMSA 59A-58) | Service contracts comprehensively regulated |
| Provider Registration | Required | Providers must register with Superintendent of Insurance |
| No Provider Cancellation After 70 Days | NMSA 59A-58-12 | Provider cannot cancel after 70 days except for specific reasons |
| No Forced Purchase | Prohibited | Cannot require service contract purchase as condition of loan |
| Cancellation Terms | Must be in contract | Contract must include cancellation procedures per Section 59A-58-12 |
Service Contract Regulation
Active (NMSA 59A-58)Provider Registration
RequiredNo Provider Cancellation After 70 Days
NMSA 59A-58-12No Forced Purchase
ProhibitedCancellation Terms
Must be in contractWhat New Mexico Law Requires
Your Cancellation Rights
Under New Mexico Service Contract Regulation Act, New Mexico consumers have the right to cancel F&I products purchased from dealers. After this period, you're still entitled to a pro-rata refund based on unused time or mileage.
The law is clear — these products are cancellable and refundable. But dealers count on you not knowing that. Upload your contract to see exactly what you're owed.
How It Works
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Our tool generates a formal f&i product cancellation letter citing New Mexico Service Contract Regulation Act and state-specific provisions for maximum leverage.
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State-Specific Citations
Maximum refund amounts
"Maintenance plan and paint sealant — both sounded reasonable at signing. Neither was worth keeping. $835 refund."
— Rio Rancho, NM
$29 to recover up to $950. That's a 32x return.
Frequently Asked Questions
Can I cancel my extended warranty in New Mexico?
Yes. Under NMSA § 59A-58-10, your service contract must include the terms and procedures for cancellation. Providers cannot cancel contracts after 70 days in effect except for specific reasons like fraud or nonpayment.
Can a New Mexico provider cancel my service contract?
Only under limited circumstances after 70 days: nonpayment, material misrepresentation, fraud, or substantial changes in required service. The provider must follow the procedures in Section 59A-58-12.
Can a dealer require me to buy a service contract in New Mexico?
No. NMSA § 59A-58 prohibits conditioning the approval of a loan or purchase of property on the purchase of a service contract.
Where do I file a complaint in New Mexico?
Contact the New Mexico Office of Superintendent of Insurance at (855) 427-5674 or the New Mexico Attorney General Consumer Protection Division at (505) 490-4060.
New Mexico Regulatory Contacts
If you need to file a complaint or seek assistance, contact these official agencies:
Contact information is provided for reference. Verify current details on official agency websites.
Compare Other States
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Average New Mexico recovery: $950 · Based on New Mexico Service Contract Regulation Act