Factory Warranties

[cabinetman]

Recently watched a show about car dealerships closing. One of the questions asked was about the warranties. The answer was that another dealer would honor it. What wasn't asked is what if the factory, like GM, Ford or Chrysler goes belly up and closes, what then?
.

[dbhost]

Uh. well...

If the entity that services / pays for the warranty is no longer in existence... I guess the government will step in to protect the consumer right?

[pelligrini]

That's not funny db...

I'm sure some 3rd party campany will step in, for a fee. Like they are with the extended warantees.

[sweensdv]

Uh. well...

..................... I guess the government will step in to protect the consumer right?

I sure hope not. Why should they?

[dbhost]

That's not funny db...

I'm sure some 3rd party campany will step in, for a fee. Like they are with the extended warantees.

I wasn't meaning to be funny. There was a news article online about two days ago where the Obama administration was saying the gov't would stand behind the warranties of any of the big 3 if they fail. Wish I could find the link...

[pelligrini]

Jeese.. Now I wish it were just a joke.

[dbhost]

http://www.foxnews.com/politics/firs...-plan-emerges/

One of several news reports on this...

Sorry, I am pretty good at making bad jokes. This isn't one of them...

[cabinetman]

Jeese.. Now I wish it were just a joke.

From the link you provided, this statement: But people who already own a G.M. or Chrysler vehicle are not covered by this program and it also does not cover safety recalls, which can occur years after the warranty expires doesn't make it clear when the plan would take effect. If GM drowns, who will be buying a remaining GM car on some dealer's lot?
.

[Ed62]

If GM drowns, who will be buying a remaining GM car on some dealer's lot?

Probably quite a few people, if the price drops enough.

Ed

[Mr__Bill]

The other night the Pres. said that as part of the bailout the US Government was standing behind the warranty issue. At least that's how I heard it.

I guess instead of laying off those postal workere they will just shift them over to......



Bill, on the Sunny Oregon Coast