How is it that a bank will allow me to finance a car for up to 72 months if the warranty lasts less than that? What do the banks get when the engine on the car blows up 60 months in and the driver just decides to hand over the keys?”

A repo on your credit report. which gives you the inability to finance any new car, and you are liable for any money lost when your bank tries to sell the car.

How is it that a bank will allow me to finance a car for up to 72 months if the warranty lasts less than that? What do the banks get when the engine on the car blows up 60 months in and the driver just decides to hand over the keys?

If your Powertrain breaks while going 55mph on the freeway, and you slam into the wall because it caused you to loose control, then you are OUT OF LUCK!!! The most you can hope for is that it happens near a Traffic Camera so you get your 15 Seconds of Fame on the evening News.

It was the Treasury that forced Chrysler into bankruptcy. It was the treasury that has forced the American people to be left without proper recourse against Chrysler. It should be the Treasury’s responsibility to fix this problem. I’m not saying new taxes, I’m saying the Treasury should fork this up out of their operating budget and if that means canning some bureaucrats in the process then so be it.

those are very different concepts…perhaps this point should be raised in the article itself, since it is causing quite a bit of confusion..i doubt this will seriously affect vehicle value…

but to armstealer, a company is responsible for medical costs if their product injures you and it is determined to be their fault for the injury…imagine you’re typing away on a laptop, and the battery explodes and your nuts are destroyed, is that your fault for using the laptop on your lap? or is it the company’s fault for using a battery they knew could explode? you would probably argue that the company should fork over some cash for your medical expenses to get your nuts reattached (especially since medical costs are so high your insurance would get jacked, or it wouldn’t be covered at all and you would have to go personally bankrupt to pay the medical costs)…that’s basic liability law…most products are not sold “as is” like that…caveat emptor is true, but not legally speaking ;P

On one hand, its completely F-ing the general consumer (esp those who bought before this was announced), as the value of their vehicles for trade-in or private sale just fell through the floor.

On the other hand, why should a company be responsible for medical costs, etc.. in the first place, all this does is lead to litigious suits.

Caveat Emptor, right?

This reminds me of those electronics liquidator companies that buy merchandise from overturned trucks and sell the merchandise dirt cheap simply because the merchandise has no warranty due to the truck accident. At $20 a Wii, you can buy three, test them out, and if they work, sell them for $40 each. This could happen with these rogue Chrysler vehicles – sell new ones for a few thousand with no guarantees. I’d buy a new Challenger or Wrangler for $3,000.

The Treasury made this mess, it should clean it up.

This could be an addendum to cash for clunkers. Trade in your Chrysler and get it paid off or retail value and you get the tax credit, too.

BTW, won’t GM be getting the same “benefit”?

Personally I would just say:

Are you insane?

Funniest thing I’ve read on this site in a while…. rofl