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CBI stops selling Tesla extended warranties in Canada
CBI & Finance has stopped selling new Tesla extended warranties in Canada, according to a notice sent to customers. The Quebec-based company stopped issuing policies after Saturday, following a decision by its underwriter, Garantie Avantage Plus, to withdraw from covering Tesla vehicles. Customers who bought a policy before the cut-off remain covered until it expires. The change affects only Tesla: CBI will continue offering extended warranty coverage for EVs from Chevrolet, Ford, GMC, Hyundai, Kia and Toyota.…
- CBI stops selling Tesla extended warranties in Canada after Garantie Avantage Plus withdrawal.
- Existing policies stay covered until expiry; Tesla keeps its monthly ESA plan.
🔎 Why it matters: The exit of Garantie Avantage Plus removes a third-party option for Canadian owners of the Model S, Model 3, Model X and Model Y who were seeking coverage after the factory warranty. That coverage applied to vehicles up to 10 years old and 200,000 kilometres.
📈 Upside: Owners who bought a policy before the cut-off keep their coverage until it expires.
📉 Risk: Owners who want to extend coverage after the factory warranty lose CBI's option and are left with Tesla's monthly plan.
🤖 Editorial summary of the cited source, with AI-assisted analysis -- not HgYperDrive original reporting. The original source is linked above for verification. More on how this works: editorial policy →