YAMAHA MOTOR CORPORATION, U.S.A. CANCELLATION POLICIES

General Cancellation - ATV, Side X Side, Scooter, Snowmobile and Watercraft

Cancellation By The Customer

You may cancel this Y.E.S. Contract at any time. To cancel, you must mail this Y.E.S. Contract or provide written notice to the YAMAHA Dealer who sold you this Y.E.S. Contract. If you cancel this Y.E.S. Contract within the first thirty (30) days and you have not incurred a claim, a 100% refund of the purchase price will be made less a $25 administrative fee. If you cancel this Y.E.S. Contract after thirty (30) days or you have incurred a claim, a pro-rata refund will be made based upon the time used, less an administrative fee of $25. For new vehicles, the original date the YAMAHA Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder if applicable by the YAMAHA Dealer who sold you this Y.E.S. Contract.

Cancellation By Yamaha

YAMAHA may cancel this Y.E.S. Contract for any reason within the first thirty (30) days. If we cancel this Y.E.S. Contract during the first thirty (30) days and you have not incurred a claim, a 100% refund of the purchase price will be made less a $25 administrative fee. After thirty (30) days, YAMAHA may cancel this Y.E.S. Contract for the following reasons:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. Contract;
  • if you have failed to maintain your vehicle as prescribed by the manufacturer; or other substantial breach of duties;
  • if you do not pay the Y.E.S. Contract purchase price (premium).

If YAMAHA cancels this Y.E.S. Contract after thirty (30) days, a pro-rata refund will be made based upon the time used. Yamaha will notify you in writing fifteen (15) days prior to canceling this contract. For new vehicles, the original date the YAMAHA Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder if applicable by the YAMAHA Dealer who sold you this Y.E.S. Contract. If this Y.E.S. Contract is financed, and your vehicle is a total loss or is repossessed, you authorize your lienholder to cancel this Y.E.S. Contract through your YAMAHA Dealer to receive the refund.

This Y.E.S Contract is amended to comply with the following state requirements:

Alabama, Hawaii, Nevada, New York, Texas, & Wyoming

Cancellation Section is amended to include:

Cancellation During the "Free-Look" Period

If you cancel this Y.E.S Contract within twenty (20) days of receipt of this Y.E.S Contract and have not incurred a claim, this Y.E.S Contract shall be void and you will receive a full refund of the Y.E.S Contract Charge. A ten percent (10%) penalty per month shall be added to a refund that is not made within forty-five (45) days of return of this Y.E.S Contract to us. The provisions of this paragraph only apply to the original purchaser of this Y.E.S Contract. The refund will be paid to you, or the person you authorize by your YAMAHA Dealer.

If YAMAHA cancels this Y.E.S. Contract, the administrative fee is not applicable and YAMAHA will mail you written notice fifteen (15) days prior to cancellation.

California, Georgia, Illinois, North Carolina

Cancellation Section is amended to include:

If you cancel this Y.E.S Contract within the first thirty (30) days, the administrative fee is $25 or 10% of the Y.E.S. Contract Charge, whichever is less. If this Y.E.S. Contract is canceled after thirty (30) days, the administrative fee is $25 or 10% of the pro-rata refund, whichever is less.

Georgia

Should YAMAHA fail to refund the unearned consideration, you have the right to receive the refund directly from Combined Specialty Insurance Company.

Massachusetts

NOTICE TO CUSTOMER: THE COVERAGE YOU ARE BUYING IS NOT REQUIRED IN ORDER TO REGISTER OR FINANCE A VEHICLE. THE BENEFITS PROVIDED MAY DUPLICATE EXPRESS MANUFACTURER'S OR SELLER'S WARRANTIES THAT COME AUTOMATICALLY WITH EVERY SALE. YOU CAN BE REQUIRED BY THE SELLER OF THIS COVERAGE TO PURSUE THOSE WARRANTIES WHICH ARE AVAILABLE TO YOU WITHOUT THIS CONTRACT.

New Hampshire

Cancellation Section is amended to delete the $25 administrative fee.

After this Y.E.S. Contract has been in effect for sixty (60) days, YAMAHA may cancel this Y.E.S. Contract for the following reasons only:

  • Nonpayment of premium; or
  • Fraud or material misrepresentation

General Cancellation - Outboard Motors

Cancellation By The Customer

You may cancel this Y.E.S. Contract at any time. To cancel, you must mail this Y.E.S. Contract or provide written notice to the YAMAHA Dealer who sold you this Y.E.S. Contract. If you cancel this Y.E.S. Contract within the first thirty (30) days and you have not incurred a claim, a 100% refund of the purchase price will be made less a $25 administrative fee. If you cancel this Y.E.S. Contract after thirty (30) days or you have incurred a claim, a pro-rata refund will be made based upon the time used, less an administrative fee of $25. For new motors, the original date the YAMAHA Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder if applicable by the YAMAHA Dealer who sold you this Y.E.S. Contract.

Cancellation By Yamaha

YAMAHA may cancel this Y.E.S. Contract for any reason within the first thirty (30) days. If we cancel this Y.E.S. Contract during the first thirty (30) days and you have not incurred a claim, a 100% refund of the purchase price will be made less a $25 administrative fee. After thirty (30) days, YAMAHA may cancel this Y.E.S. Contract for the following reasons:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. Contract;
  • if you have failed to maintain your motor as prescribed by the manufacturer; or other substantial breach of duties;
  • if you do not pay the Y.E.S. Contract purchase price (premium).

If YAMAHA cancels this Y.E.S. Contract after thirty (30) days, a pro-rata refund will be made based upon the time used. Yamaha will notify you in writing fifteen (15) days prior to canceling this contract. For new motors, the original date the YAMAHA Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder if applicable by the YAMAHA Dealer who sold you this Y.E.S. contract.

If this Y.E.S. Contract is financed, and your motor is a total loss or is repossessed, you authorize your lienholder to cancel this Y.E.S. Contract through your YAMAHA Dealer to receive the refund.

This Y.E.S Contract is amended to comply with the following state requirements:

Alabama, Hawaii, Nevada, New York, Texas, & Wyoming

Cancellation Section is amended to include:

Cancellation During the "Free-Look" Period

If you cancel this Y.E.S Contract within twenty (20) days of receipt of this Y.E.S Contract and have not incurred a claim, this Y.E.S Contract shall be void and you will receive a full refund of the Y.E.S Contract Charge. A ten percent (10%) penalty per month shall be added to a refund that is not made within forty-five (45) days of return of this Y.E.S Contract to us. The provisions of this paragraph only apply to the original purchaser of this Y.E.S Contract. The refund will be paid to you, or the person you authorize by your YAMAHA Dealer.

If YAMAHA cancels this Y.E.S. Contract, the administrative fee is not applicable and YAMAHA will mail you written notice fifteen (15) days prior to cancellation.

California, Georgia, Illinois, North Carolina

Cancellation Section is amended to include:

If you cancel this Y.E.S Contract within the first thirty (30) days, the administrative fee is $25 or 10% of the Y.E.S. Contract Charge, whichever is less. If this Y.E.S. Contract is canceled after thirty (30) days, the administrative fee is $25 or 10% of the pro-rata refund, whichever is less.

Georgia

Should YAMAHA fail to refund the unearned consideration, you have the right to receive the refund directly from Combined Specialty Insurance Company.

Massachusetts

NOTICE TO CUSTOMER: THE COVERAGE YOU ARE BUYING IS NOT REQUIRED IN ORDER TO REGISTER OR FINANCE A MOTOR. THE BENEFITS PROVIDED MAY DUPLICATE EXPRESS MANUFACTURER'S OR SELLER'S WARRANTIES THAT COME AUTOMATICALLY WITH EVERY SALE. YOU CAN BE REQUIRED BY THE SELLER OF THIS COVERAGE TO PURSUE THOSE WARRANTIES WHICH ARE AVAILABLE TO YOU WITHOUT THIS CONTRACT.

New Hampshire

Cancellation Section is amended to delete the $25 administrative fee.

After this Y.E.S. Contract has been in effect for sixty (60) days, YAMAHA may cancel this Y.E.S. Contract for the following reasons only:

  • Nonpayment of premium; or
  • Fraud or material misrepresentation

State of Washington Cancellation - Motorcycle and Scooter

Cancellation By The Customer

YOU may cancel this Y.E.S. CONTRACT at any time. To cancel, YOU must mail this Y.E.S. CONTRACT or provide written notice to the YAMAHA DEALER who sold YOU this Y.E.S. CONTRACT. If YOU cancel this Y.E.S CONTRACT within nine (9) days of receipt of this Y.E.S CONTRACT and have not incurred a claim, this Y.E.S CONTRACT shall be void and YOU will receive a full refund of the Y.E.S CONTRACT charge.

If YOU cancel this Y.E.S. CONTRACT between the tenth (10th) and thirtieth (30th) day and YOU have not incurred a claim, a one hundred percent (100%) refund of the purchase price will be made less a twenty-five dollar ($25.00) administrative fee. If YOU cancel this Y.E.S. CONTRACT after thirty (30) days or YOU have incurred a claim, a pro-rata refund will be made based upon the time used, less an administrative fee of twenty-five dollars ($25.00). A ten percent (10%) penalty per month shall be added to a refund that is not made within thirty (30) days of OUR receipt of the CANCELLATION request. The provisions of this paragraph only apply to the original purchaser of this Y.E.S CONTRACT.

Cancellation By Yamaha

YAMAHA may cancel this Y.E.S. CONTRACT for any reason, including ineligibility, within the first sixty (60) days.

After sixty (60) days, YAMAHA may cancel this Y.E.S. CONTRACT only for the following reasons:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. CONTRACT;
  • if YOU have failed to maintain YOUR VEHICLE as prescribed by the manufacturer; or substantially breached this Y.E.S. CONTRACT;
  • if YOU do not pay the Y.E.S. CONTRACT charge.

If YAMAHA cancels this Y.E.S. CONTRACT within the first thirty (30) days and YOU have not incurred a claim, a one hundred percent (100%) refund of the purchase price will be made less a twenty-five dollar ($25.00) administrative fee.

If YAMAHA cancels this Y.E.S. CONTRACT after thirty (30) days, a pro-rata refund will be made based upon the time used, less a twenty-five dollar ($25.00) administrative fee. YAMAHA will notify YOU in writing fifteen (15) days prior to canceling this Y.E.S. CONTRACT.

For NEW VEHICLES, the original date the YAMAHA LIMITED WARRANTY went into effect is used to calculate the elapsed TERM of the Y.E.S. CONTRACT. All refunds will be paid to YOU or to the lienholder, if applicable, by the YAMAHA DEALER who sold YOU this Y.E.S. CONTRACT.

If this Y.E.S. CONTRACT is financed, and YOUR VEHICLE is a total loss or is repossessed, YOU authorize YOUR lienholder to cancel this Y.E.S. CONTRACT through YOUR YAMAHA DEALER, to receive the refund.

State of Washington Cancellation - ATV, Snowmobile, Watercraft and Generator

Cancellation By The Customer

YOU may cancel this Y.E.S. CONTRACT at any time. To cancel, YOU must mail this Y.E.S. CONTRACT or provide written notice to the YAMAHA DEALER who sold YOU this Y.E.S. CONTRACT. If YOU cancel this Y.E.S CONTRACT within nine (9) days of receipt of this Y.E.S CONTRACT and have not incurred a claim, this Y.E.S CONTRACT shall be void and YOU will receive a full refund of the Y.E.S CONTRACT charge.

If YOU cancel this Y.E.S. CONTRACT between the tenth (10th) and thirtieth (30th) day and YOU have not incurred a claim, a one hundred percent (100%) refund of the purchase price will be made less a twenty-five dollar ($25.00) administrative fee. If YOU cancel this Y.E.S. CONTRACT after thirty (30) days or YOU have incurred a claim, a pro-rata refund will be made based upon the time used, less an administrative fee of twenty-five dollars ($25.00). A ten percent (10%) penalty per month shall be added to a refund that is not made within thirty (30) days of OUR receipt of the CANCELLATION request. The provisions of this paragraph only apply to the original purchaser of this Y.E.S CONTRACT.

Cancellation By Yamaha

YAMAHA may cancel this Y.E.S. CONTRACT for any reason, including ineligibility, within the first sixty (60) days.

After sixty (60) days, YAMAHA may cancel this Y.E.S. CONTRACT only for the following reasons:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. CONTRACT;
  • if YOU have failed to maintain YOUR VEHICLE as prescribed by the manufacturer; or substantially breached this Y.E.S. CONTRACT;
  • if YOU do not pay the Y.E.S. CONTRACT charge.

If YAMAHA cancels this Y.E.S. CONTRACT within the first thirty (30) days and YOU have not incurred a claim, a one hundred percent (100%) refund of the purchase price will be made less a twenty-five dollar ($25.00) administrative fee.

If YAMAHA cancels this Y.E.S. CONTRACT after thirty (30) days, a pro-rata refund will be made based upon the time used, less a twenty-five dollar ($25.00) administrative fee. YAMAHA will notify YOU in writing fifteen (15) days prior to canceling this Y.E.S. CONTRACT.

For NEW VEHICLES, the original date the YAMAHA LIMITED WARRANTY went into effect is used to calculate the elapsed TERM of the Y.E.S. CONTRACT. All refunds will be paid to YOU or to the lienholder, if applicable, by the YAMAHA DEALER who sold YOU this Y.E.S. CONTRACT.

If this Y.E.S. CONTRACT is financed, and YOUR VEHICLE is a total loss or is repossessed, YOU authorize YOUR lienholder to cancel this Y.E.S. CONTRACT through YOUR YAMAHA DEALER, to receive the refund.

State of Florida Cancellation - Outboard Motors

Cancellation By The Customer

You may cancel this Y.E.S. Contract at any time. To cancel, you must mail this Y.E.S. Contract or provide written notice to the Yamaha Dealer who sold you this Y.E.S. Contract or to Automotive Warranty Services of Florida, Inc. If you cancel this Y.E.S. Contract within the first sixty (60) days, you will receive a 100% refund of the Y.E.S. Contract purchase price less any claims paid on the Y.E.S. Contract. If you cancel this Y.E.S. Contract after sixty (60) days, a pro-rata refund will be made based upon the time used, less an administrative fee of twenty-five dollars ($25.00) or ten percent (10%) whichever is less. For new motors, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder, if applicable, by the Yamaha Dealer who sold you this Y.E.S. Contract.

Cancellation By Us

We may cancel this Y.E.S. Contract for any reason within the first sixty (60) days. After sixty (60) days, we may cancel this Y.E.S. Contract:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. Contract;
  • if the hour meter has been tampered with;
  • if you have failed to maintain your motor as prescribed by the manufacturer;
  • if you have not paid for the Y.E.S. Contract.

If we cancel this Y.E.S. Contract, you will receive 100% of the paid unearned pro-rata premium. For new motors, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder, if applicable, by the Yamaha Dealer who sold you this Y.E.S. Contract.

If this Y.E.S. Contract is financed, and your motor is a total loss or is repossessed, you authorize your lienholder to cancel this Y.E.S. Contract through your Yamaha Dealer to receive the refund.

State of Florida Cancellation - Watercraft

Cancellation By The Customer

You may cancel this Y.E.S. Contract at any time. To cancel, you must mail this Y.E.S. Contract or provide written notice to the Yamaha Dealer who sold you this Y.E.S. Contract. If you cancel this Y.E.S. Contract within the first sixty (60) days, you will receive a 100% refund of the Y.E.S. Contract purchase price less any claims paid on the Y.E.S. Contract. If you cancel this Y.E.S. Contract after sixty (60) days, a pro-rata refund will be made based upon the time used, less an administrative fee of twenty-five dollars ($25.00) or ten percent (10%) whichever is less. For new vehicles, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder, if applicable, by the Yamaha Dealer who sold you this Y.E.S. Contract.

Cancellation By Us

We may cancel this Y.E.S. Contract for any reason within the first sixty (60) days. After sixty (60) days, we may cancel this Y.E.S. Contract:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. Contract;
  • if the hour meter has been tampered with;
  • if you have failed to maintain your vehicle as prescribed by the manufacturer;
  • if you do not pay the Y.E.S. Contract charge.

If we cancel this Y.E.S. Contract, you will receive 100% of the paid unearned pro-rata premium. For new vehicles, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder by the Yamaha Dealer who sold you this Y.E.S. Contract.

If this Y.E.S. Contract is financed, and your vehicle is a total loss or is repossessed, you authorize your lienholder to cancel this Y.E.S. Contract through your Yamaha Dealer to receive the refund.

State of Florida Cancellation - ATV and Generator

Cancellation By The Customer

You may cancel this Y.E.S. Contract at any time. To cancel, you must mail this Y.E.S. Contract or provide written notice to the Yamaha Dealer who sold you this Y.E.S. Contract or to Service Saver, Inc. If you cancel this Y.E.S. Contract within the first sixty (60) days, you will receive a 100% refund of the Y.E.S. Contract purchase price less any claims paid on the Y.E.S. Contract. If you cancel this Y.E.S. Contract after sixty (60) days, a pro-rata refund will be made based upon the time used, less an administrative fee of twenty-five dollars ($25.00) or ten percent (10%) whichever is less. For new vehicles, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder, if applicable, by the Yamaha Dealer who sold you this Y.E.S. Contract.

Cancellation By Us

We may cancel this Y.E.S. Contract for any reason within the first sixty (60) days. After sixty (60) days, we may cancel this Y.E.S. Contract:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. Contract;
  • if the hour meter has been tampered with;
  • if you have failed to maintain your vehicle as prescribed by the manufacturer;
  • if you do not pay the Y.E.S. Contract charge.

If we cancel this Y.E.S. Contract, you will receive 100% of the paid unearned pro-rata premium. For new vehicles, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder by the Yamaha Dealer who sold you this Y.E.S. Contract..

If this Y.E.S. Contract is financed, and your vehicle is a total loss or is repossessed, you authorize your lienholder to cancel this Y.E.S. Contract through your Yamaha Dealer to receive the refund.

State of Florida Cancellation - Motorcycle and Scooter

Cancellation By The Customer

You may cancel this Y.E.S. Contract at any time. To cancel, you must mail this Y.E.S. Contract or provide written notice to the Yamaha Dealer who sold you this Y.E.S. Contract or to Automotive Warranty Services of Florida, Inc. If you cancel this Y.E.S. Contract within the first sixty (60) days, you will receive a 100% refund of the Y.E.S. Contract purchase price less any claims paid on the Y.E.S. Contract. If you cancel this Y.E.S. Contract after sixty (60) days, a pro-rata refund will be made based upon the time used, less an administrative fee of twenty-five dollars ($25.00) or ten percent (10%) whichever is less. For new vehicles, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder, if applicable, by the Yamaha Dealer who sold you this Y.E.S. Contract.

Cancellation By Us

We may cancel this Y.E.S. Contract for any reason within the first sixty (60) days. After sixty (60) days, we may cancel this Y.E.S. Contract:

  • if there has been a material misrepresentation or fraud at the time of sale of this Y.E.S. Contract;
  • if the hour meter has been tampered with;
  • if you have failed to maintain your vehicle as prescribed by the manufacturer;
  • if you do not pay the Y.E.S. Contract charge.

If we cancel this Y.E.S. Contract, you will receive 100% of the paid unearned pro-rata premium. For new vehicles, the original date the Yamaha Limited Warranty went into effect is used to calculate the elapsed term of the Y.E.S. Contract. All refunds will be paid to you or to the lienholder by the Yamaha Dealer who sold you this Y.E.S. Contract..

If this Y.E.S. Contract is financed, and your vehicle is a total loss or is repossessed, you authorize your lienholder to cancel this Y.E.S. Contract through your Yamaha Dealer to receive the refund.