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Smart Shopper Bankruptcy? What happens to my car warranty then?
56 messages, Last post on Jun 04, 2009 at 10:00 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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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Replying to: volvomax (Jun 03, 2009 7:27 am)
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Replying to: gagrice (Jun 03, 2009 7:50 am) Aftermarket parts can have a warranty through the aftermarket company. Aftermarket parts can void the manufacturer warranty if they cause trouble, but it's an unusual occurrence. Grey market vehicles usually have the warranty blocked or severely limited. We occasionally see a vehicle built for Canadian sale that was brought south and sold as 'nearly new'. These were meant to be used in Canada-not the US, so the warranty is voided.
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Replying to: mitzij (Jun 03, 2009 10:28 am) This will be a whole new situation. Most car dealers that just go out of business give back the cars or the bank takes them back and they are sold through other dealers. With several 1000 dealers losing their franchise no one will want the inventory and the customer could get screwed if they do not understand the difference between a legitimate dealer and one that is just selling cars he was stuck with. With Chrysler shut down the supply may dry up before the dealers lose their franchises.
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Replying to: gagrice (Jun 03, 2009 12:55 pm) |
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got the new Fiat 'partner' of Chrysler to honor the previously filed 'lemon law' cases. bankruptcy would have invalided these. good move on Fiat's part.
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Replying to: corvette (Jun 03, 2009 5:27 am) |
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Replying to: explorerx4 (Jun 03, 2009 2:43 pm) Fiat Agrees To Honor State's Lemon Law With Chrysler (courant.com).
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Replying to: steve_ (Jun 03, 2009 9:48 pm) "Leading national consumer groups late Tuesday appealed the decision of the federal bankruptcy court overseeing the Chrysler bankruptcy proceeding, asking the court to preserve consumer protection laws and the rights of victims injured by vehicle design flaws and defects to seek compensation from Chrysler. With the stroke of a pen, the bankruptcy court exempted the new Chrysler/Fiat company that will emerge from bankruptcy proceedings from accountability to consumers who have suffered or will suffer injury or loss caused by defects." Ruling that Undermines Lemon Laws in 25 States Should Be Overturned
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Replying to: steve_ (Jun 04, 2009 8:45 pm) 
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Replying to: cadillacmike (Jun 04, 2009 9:43 pm)  I'm not positive but I think the bankruptcy may kill off only the existing liabilities, and even then, there may be some exceptions. The New GM or New Chrysler may offer different warranty coverages but their new car sales should be covered under lemon or warranty laws. Someone (me?) posted a link not too long ago about lemon law checks bouncing as a result of the bankruptcy filing. |
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Smart Shopper Bankruptcy? What happens to my car warranty then?
