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Warranties Backed by a Risk Retention Group

68 messages,  Last post on Sep 16, 2009 at 10:47 AM

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What is this discussion about? Car Warranties

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#64 of 68 What happens to GM warranties if they fold? by crisismanager Nov 15, 2008 (3:52 pm)
I have a 2009 Saab on order and Saab appears to be 100% owned by GM. If GM "folds" as a business, does my manufacturer's warranty go bye-bye with it? Replies to this message: volvomax (Nov 17, 2008 2:17 pm)
#65 of 68 Re: What happens to GM warranties if they fold? [crisismanager] by volvomax Nov 17, 2008 (2:17 pm)
Replying to: crisismanager (Nov 15, 2008 3:52 pm) Generally speaking, when a manufacturer departs the scene, they have to make provisions to honor existing warranties. However, even if GM declares bankruptcy, they aren't going to fold up like Packard or Studebaker or Nash. They will remain in business much like one of the airlines.
#66 of 68 Toyota vs other extended warranty by solitare Jan 24, 2009 (7:49 pm)
I want to purchase an extended warranty for my 06 Camry. I have been given a price from Mercury Ins as much less then Toyota. Which kind of plan is better--Platinum, Gold or Silver?   Is it safer to buy from Toyota even though the price is more?   Thanks   BMom
#67 of 68 Re: whats the difference? [joel0622] by carrgdeprcvr Sep 10, 2009 (1:01 pm)
Replying to: joel0622 (Sep 28, 2007 7:43 am) What was the source of this long read? It looks like this would be some useful material for our receiverships of these RRGs and the obligors (warranty or vehicle service contract companies) they insured. Replies to this message: superocean (Sep 16, 2009 10:47 am)
#68 of 68 Re: whats the difference? [carrgdeprcvr] by superocean Sep 16, 2009 (10:47 am)
Replying to: carrgdeprcvr (Sep 10, 2009 1:01 pm) I wouldn't touch an extended warranty from anyone else than the manufacturer. If you offer anyone EW without seeing the car and it's condition, then you aren't doing business to protect and offer services, but to just get peoples money and jump ship once you have the money. Get a discounted manf warranty online from auth dealers who sell warranty in quantity online. That's what i'm going with. Saved me $$ too.   IMO EW business is the same as the subprime mortgage originators, 90s long distance telecom slammers, and acai berry trial offers. If you are not a big corporation that i can shame and sue in court, you aren't getting my business. I refuse to chase down lousy florida scammers who will have moved onto the next scam. How much can I get for gold hoop earrings from the 80s?

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