Ask the Car People.SM


Bankruptcy? What happens to my car warranty then? - READ ONLY

59 messages,  Last post on Nov 25, 2010 at 12:16 PM

You are in the Smart Shopper Forum.

What is this discussion about? Pontiac, Chrysler, Saturn, Saab, GMC, HUMMER, Jeep, Volvo, Land Rover, Car Warranties, Automotive News, Legislation

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) -

Messages Page 4 of 7

#24 of 59 Re: other CarSpace links [steve_] by fezo

Mar 18, 2009 (7:08 pm)

Replying to: Stever@Edmunds (Mar 18, 2009 6:44 pm)
Topic?
 
Wow. What a concept.

#25 of 59 Re: other CarSpace links [fezo] by Stever@Edmunds HOST

Mar 18, 2009 (7:44 pm)

Replying to: fezo (Mar 18, 2009 7:08 pm)
Yeah, it's just about a bankrupt idea eh?

#27 of 59 Bankruptcy by dbostondriver

Mar 21, 2009 (12:52 pm)

Even if the car company goes bankrupt, there is still money in servicing those cars. Part of the bankruptcy agreement will entail servicing the warranties.
Just expect bad service by a third party company. But hey, if you bought a GM your probably expecting to spend time at the service station anyway.

#29 of 59 Check out this article for answers to this question. by Karen@Edmunds HOST

Mar 30, 2009 (2:26 pm)

What if My Carmaker, Dealer or Warranty Company Goes Under?

#31 of 59 Current GM warranties ???? by allicat1214

Apr 01, 2009 (4:34 am)

Hello,
 
I read the news articles about the federal govt. honoring GM and Chrysler warranties.
 
"The program will cover consumers who buy a new GM or Chrysler vehicle during the restructuring period, according to a U.S. Treasury Department statement."
 
What if you already own a GM car with an extended warranty and they declare bankrupcy??
 
My son is going to college in the fall. We bought him a 2007 Malibu Maxx with all the extra safety features curtain & side airbags, etc. We also bought the extended warranty to cover him while he was away from home in college.
 
But what happens if GM goes bankrupt??? The current proposal by Obama's administration only covers cars purchased during an upcoming transition period.
 
We're still making payments on the car, including the cost of the warranty. I feel sick.
 
Thanks for any info anyone can share.
 
A concerned mom

#32 of 59 Re: Current GM warranties ???? [allicat1214] by corvette

Apr 01, 2009 (11:13 am)

Replying to: allicat1214 (Apr 01, 2009 4:34 am)
There is currently no definitive answer for what may happen with the 3/36 and 5/100 factory warranty.
 
I believe the GM factory extended warranty is underwritten by GMAC, which is a separate entity than GM. GMAC has been described as "cash-strapped," but isn't in such dire straits as GM itself.
 
If it makes you feel better, you can cancel the GMAC warranty and get a prorated refund. If you financed the warranty, I think the payoff goes to the lender, but this will reduce the principal balance of your loan.

#33 of 59 Re: Current GM warranties ???? [corvette] by stoneybroke

Apr 03, 2009 (5:17 pm)

Replying to: corvette (Apr 01, 2009 11:13 am)
I think I'd worry a lot more about resale value if these guys go belly up. Priced any oldsmobiles lately? I really wanted to pull the trigger on a CST AWD, but.........

Messages Page 4 of 7

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement