If you buy a new GM or Chrysler vehicle today, and the manufacturer declares bankruptcy soon, what happens to the new car warranty? Do you stil have warranty protection if the manufacturer fails?
I'm not sure I want to buy anybody's car if there's some risk that warranty protection might disappear because of bankruptcy, MB
Stand by...Canuck57 will be along presently to provide an answer.
Bankruptcy, is NOT the same as going out of business. Most emerge from Chapter 11 in tact over time. As to a warranty, I personally have not owned a vehicle, foreign or domestic, that needed a warranty claim in twenty years or more.
Filing for bankrupcy is done with a court. The court will determine what happens. It is possible the warranty won't be affected. It is as possible that the warranty will cease to exist.
Regardless, it seems a good reason to give those makes a bit of a wide miss, or comphensate your offer based on the assumption that you may have some warranty problems down the road.
"Mike Hunter" wrote in news:7--dnRswzK27EgHUnZ2dnUVZ snipped-for-privacy@ptd.net:
I seem to recall you posting about your foreign owned vehicles having more problems than your domestic models. I guess you just repaired those yourself though. Call Guinness Book of world records as you may have just qualified.
20 years and not a single warranty claim on many new vehicles eh Mike?Actually problems surfaced after I had sold them to others, not while I owned them. I only keep my car for two years.
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