Bankruptcy? What happens to my car warranty then?

56 messages, Last post on Jun 04, 2009 at 10:00 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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#37 of 56 Screwed by whoosierdaddy Apr 29, 2009 (8:34 pm)
Henderson confirmed the last Saturn vehicle will be built this year unless a buyer for the brand emerges with a good offer. GM will phase out Saturn by the end of this year.
#38 of 56 Chrysler has already filed CH 11, GM looks imminent by cadillacmike May 30, 2009 (8:04 am)
Gee, not too many relevant posts here. I'm concerned about my wife's car which still has a supposed "factory warranty" through next summer (if she doesn't hit the mileage limit first). It's a CTS, which has been pretty trouble free. But as for buying a new car - not right now, no way, I like American cars but not Fords or Chryslers (Cadillacs for me thank you), and there's no way I'm getting sucked into this malestrom. I think I'll find a nice 1995-96 Fleetwood to replace the one i crashed before getting sent overseas. They'll be relatively inexpensive, can last forever and I LIKE them. Replies to this message: Mr_Shiftright (Jun 01, 2009 3:49 pm) dtownfb (Jun 01, 2009 6:49 pm) gagrice (Jun 01, 2009 6:59 pm) and 10 more...
#39 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [cadillacmike] by Mr_Shiftright HOST Jun 01, 2009 (3:49 pm)
Replying to: cadillacmike (May 30, 2009 8:04 am) Unless I'm missing something obvious that goes against all previous history--when a car company goes Ch 7, it liquidates, and all owners are SOL when it comes to warranty. That's it. Not to scare anybody, but if my history is correct, no American car company has survived bankruptcy since Studebaker in 1934--which hung on another 32 years, probably thanks to WW II. Replies to this message: dtownfb (Jun 01, 2009 6:49 pm) gagrice (Jun 01, 2009 6:59 pm) dtownfb (Jun 02, 2009 8:50 am) and 9 more...
#40 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [Mr_Shiftright] by dtownfb Jun 01, 2009 (6:49 pm)
Replying to: Mr_Shiftright (Jun 01, 2009 3:49 pm) As long as GM remains in Chap. 11, owners shouldn't see anything different. Chrysler is about to emerge from bankruptcy any day now. How long the new company last is another story. Replies to this message: gagrice (Jun 01, 2009 6:59 pm) dtownfb (Jun 02, 2009 8:50 am) volvomax (Jun 02, 2009 10:19 am) and 8 more...
#41 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [dtownfb] by gagrice Jun 01, 2009 (6:59 pm)
Replying to: dtownfb (Jun 01, 2009 6:49 pm) If you buy a new vehicle from one of the dealers that has lost his franchise. Do you think the company will warranty it? The Chrysler dealer in Florida with 125 new cars claimed he could not sell them as new after June 9th when his franchise is pulled. I would think those cars are near worthless. How the resale can do anything but go in the toilet is beyond me. If Toyota is selling new Tundra PU trucks at 2/3rds MSRP, what would a Dodge PU truck be worth. Maybe half new price. Replies to this message: dtownfb (Jun 02, 2009 8:50 am) volvomax (Jun 02, 2009 10:19 am) dtownfb (Jun 02, 2009 5:55 pm) and 7 more...
#42 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [gagrice] by dtownfb Jun 02, 2009 (8:50 am)
Replying to: gagrice (Jun 01, 2009 6:59 pm) It shouldn't matter if he can sell them new or not. As long as Chrysler is in business, they have to honor the warranty. The 3yr/36k mile warranty is in affect new or used. Now the Chrysler Lifetime Powertrain Warranty may be a different story. I'm not familiar with details of the warranty but I would hope that Chrysler would honor the Lifetime powertrain warranty since the cars have never been titled. I think all Chrysler's are worthless but i agree that all used Chrysler's will take a huge hit in the resale value on June 9th esp. 1-3 year old cars. similar to what happened with Oldsmobile. You can probably buy a new Chrysler for cheaper than a 1-3 used one. Interesting times. I'm about to get into the maket for a new/used car. should be fun. Replies to this message: volvomax (Jun 02, 2009 10:19 am) dtownfb (Jun 02, 2009 5:55 pm) corvette (Jun 03, 2009 5:27 am) and 6 more...
#43 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [dtownfb] by volvomax Jun 02, 2009 (10:19 am)
Replying to: dtownfb (Jun 02, 2009 8:50 am) If the dealer sells the car AFTER his franchise is pulled, Chrysler DOES NOT have to honor any warranty. Replies to this message: dtownfb (Jun 02, 2009 5:55 pm) corvette (Jun 03, 2009 5:27 am) volvomax (Jun 03, 2009 7:27 am) and 4 more... dtownfb (Jun 03, 2009 5:51 pm)
#44 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [volvomax] by dtownfb Jun 02, 2009 (5:55 pm)
Replying to: volvomax (Jun 02, 2009 10:19 am) If the dealer sells the car AFTER his franchise is pulled, Chrysler DOES NOT have to honor any warranty. Why wouldn't the basic 3 yr/36k mile warranty not be honored? I understand the Limited Lifetime warranty wouldn't be honored. Is this because the cars would be considered used cars? Replies to this message: corvette (Jun 03, 2009 5:27 am) volvomax (Jun 03, 2009 7:27 am) gagrice (Jun 03, 2009 7:50 am) and 3 more... dtownfb (Jun 03, 2009 5:51 pm)
#45 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [dtownfb] by corvette Jun 03, 2009 (5:27 am)
Replying to: dtownfb (Jun 02, 2009 5:55 pm) I think the car has to be delivered (and the warranty activated) from an authorized dealer. If they don't have a franchise, it's basically a grey market car. Replies to this message: volvomax (Jun 03, 2009 7:27 am) gagrice (Jun 03, 2009 7:50 am) mitzij (Jun 03, 2009 10:28 am) and 2 more... dtownfb (Jun 03, 2009 5:51 pm)
#46 of 56 Re: Chrysler has already filed CH 11, GM looks imminent [corvette] by volvomax Jun 03, 2009 (7:27 am)
Replying to: corvette (Jun 03, 2009 5:27 am) I think the car has to be delivered (and the warranty activated) from an authorized dealer. If they don't have a franchise, it's basically a grey market car. Bingo. Replies to this message: gagrice (Jun 03, 2009 7:50 am) mitzij (Jun 03, 2009 10:28 am) gagrice (Jun 03, 2009 12:55 pm) and 1 more...