Originally posted by: radioouman
If someone is looking for a new car, I think that the big three make cars that I could easily recommend. They all produce some quality vehicles. The other world auto manufacturers could just as easily go out of business as the big 3.
Risks:
- You may buy a lemon. This has always been the case regardless of this "economic climate"
- You may buy from a company that goes out of business and you can't get your warranty honored. Are any auto manufacturers immune to this?
- You may not be able to make your payments due to a job loss. This is the biggest risk out of the three. If you have enough cash to pay in full, and you still have a 3-6 month buffer to live off of should you lose your job, then you can buy and not worry about it. But the fact is that most people don't have that much money on hand and can't buy without financing.
Originally posted by: JJ650
Originally posted by: radioouman
If someone is looking for a new car, I think that the big three make cars that I could easily recommend. They all produce some quality vehicles. The other world auto manufacturers could just as easily go out of business as the big 3.
Risks:
- You may buy a lemon. This has always been the case regardless of this "economic climate"
- You may buy from a company that goes out of business and you can't get your warranty honored. Are any auto manufacturers immune to this?
- You may not be able to make your payments due to a job loss. This is the biggest risk out of the three. If you have enough cash to pay in full, and you still have a 3-6 month buffer to live off of should you lose your job, then you can buy and not worry about it. But the fact is that most people don't have that much money on hand and can't buy without financing.
Maybe I'm not following you, but this should apply to ANY vehicle you buy. Why would the big 3 make any difference on that point?
Originally posted by: JJ650
Originally posted by: radioouman
If someone is looking for a new car, I think that the big three make cars that I could easily recommend. They all produce some quality vehicles. The other world auto manufacturers could just as easily go out of business as the big 3.
Risks:
- You may buy a lemon. This has always been the case regardless of this "economic climate"
- You may buy from a company that goes out of business and you can't get your warranty honored. Are any auto manufacturers immune to this?
- You may not be able to make your payments due to a job loss. This is the biggest risk out of the three. If you have enough cash to pay in full, and you still have a 3-6 month buffer to live off of should you lose your job, then you can buy and not worry about it. But the fact is that most people don't have that much money on hand and can't buy without financing.
Maybe I'm not following you, but this should apply to ANY vehicle you buy. Why would the big 3 make any difference on that point?
A lot of people never keep cars long enough to realize how inexpensive a used, paid off car can be. That said, if I buy a new car part of its price premium is the warranty, so I'd not want to see that evaporate. Also, at least with Chrysler, when they go belly up resale will be particularly bad.Why do people make such a big deal about warranties? They act like cars break down every month once they hit 40k miles.
I believe their lifetime warranty--In fact, I know it's not transferable. I am not sure what the powertrain would be on a transferred car if it was sold. Maybe it stops at 36k? In any case, a great, awesome way to kill resale if it really is that short.Many factors. Reliability, warranty (and say whatever you want about Chrysler's lifetime warranty but the reality is it has some ridiculous stipulations and seriously limits you - wheres you can Supercharge a GM truck and they'll cover the power train still) and survivability.
Originally posted by: Skoorb
I believe their lifetime warranty--In fact, I know it's not transferable. I am not sure what the powertrain would be on a transferred car if it was sold. Maybe it stops at 36k? In any case, a great, awesome way to kill resale if it really is that short.
Originally posted by: Saga
Originally posted by: Skoorb
I believe their lifetime warranty--In fact, I know it's not transferable. I am not sure what the powertrain would be on a transferred car if it was sold. Maybe it stops at 36k? In any case, a great, awesome way to kill resale if it really is that short.
Honestly not sure. I do know the guy next door bought an '09 1500 Ram. He did his research and determined that just about ANY mod will void the lifetime warranty. Ridiculous limits like 2" for body lifts, 3% difference in stock tire size, ANY kind of suspension lift, ANY exhaust modifications, ANY intake modifications (including just a simple K&N) ALL void the lifetime warranty.
So sure. That's a great deal if you don't intend to run synthetic (as you still have to adhere to the three month schedule and have it documented for the warranty to apply) and intend to do absolutely nothing to your truck. Personally, that takes the fun out of owning anything, though.
GM covered my truck's turbo setup as it adhered to their transmission specifications. They then proceeded to cover the supercharger/turbo combo after I swapped out for a 4L80E due to pushing 700+ HP and they STILL cover the engine (as I had a bad 02 sensor replaced just last month) for the full five years, though obviously not the transmission - as long as I stayed under 7lbs of boost. Find me any other automaker who will support any modifications like that and still honor their warranty and I'll get off my GM bandwagon, but until then they have an extremely loyal customer. They've just treated me right, through a total of three different vehicles now. I won't be going elsewhere in the near future unless they no longer exist.
Do you feel that's normal? I assumed that 100% of manufacturers would void warranty immediately following modifications to the part that fails.GM covered my truck's turbo setup as it adhered to their transmission specifications. They then proceeded to cover the supercharger/turbo combo after I swapped out for a 4L80E due to pushing 700+ HP and they STILL cover the engine (as I had a bad 02 sensor replaced just last month) for the full five years, though obviously not the transmission - as long as I stayed under 7lbs of boost. Find me any other automaker who will support any modifications like that and still honor their warranty and I'll get off my GM bandwagon, but until then they have an extremely loyal customer. They've just treated me right, through a total of three different vehicles now. I won't be going elsewhere in the near future unless they no longer exist.