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Bankruptcy? What happens to my car warranty then?
56 messages, Last post on Jun 04, 2009 at 11:00 PM
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What if My Carmaker, Dealer or Warranty Company Goes Under? - We're facing the most tumultuous period of modern automotive history. With daily reports on the possible sale or elimination of major car brands, the potential bankruptcy of automakers General Motors and Chrysler, and the closure or consolidation of hundreds of dealerships, consumers are asking a lot of "what ifs." (more) -
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the current owner has decided to not honor the warranties on any sold or unsold saleen vehicles. discussion
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Replying to: explorerx4 (Mar 10, 2009 2:55 pm) |
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Replying to: explorerx4 (Mar 10, 2009 2:55 pm) It’s nowhere near as beleaguered as car companies in Detroit, but the ambitious privately-held electric roadster company, Tesla, has put plans for a San Jose-based factory on hold. The company, which has asked for a $400 million low-interest government loan, hasn’t been able to raise a necessary $100 million in venture capital to go through with the plans. Part of the issue could be politics: Silicon Valley wants its sexy automaker to stay local, but the government would require Tesla to take over a defunct factory elsewhere. |
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You have to be a cross between a Philadelphia lawyer and a certified auto tech to be sure you have complete coverage on a third-party warranty. I was denied coverage for a failed VANOS control module ($1200 p&L) because it was not specified in the items covered under my "Platinum" warranty coverage.
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Replying to: andys120 (Mar 12, 2009 10:47 am) i ended up buying it. one time the car died and i had it towed the the local dealer although it had a clause in it that you had to be 40 miles or more away from the selling dealer to get coverage under the warranty. i guess the warranty company used the 'as the crow flies' method to determine the distance. in actual driving it was over 40 miles. i ended up paying 2 hours diagnosis at dealer 1 because they were '38' miles away as measured by the warranty company. i also had to pay for the tow back to the selling dealer. to the warranty companies credit, they did reimburse a good portion of the towing bill and to fix the actual problem, although they would not accept the original diagnosis, which was correct. |
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Replying to: fezo (Mar 09, 2009 2:58 pm)
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| hey, i'm changing the power steering pump in my car. it's a 1997 850 GLT Wagon, i've removed the pump and reservior from the engine with no problems but am having the hardest time figuring out how to disconnect the two without breaking anything. any sudgestions? | |
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Replying to: ronvpr (Mar 18, 2009 12:13 am)
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Replying to: fezo (Mar 18, 2009 5:37 am)
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Bankruptcy? What happens to my car warranty then?