Originally Posted By: Garak
Originally Posted By: demarpaint
The clause is buried somewhere in the fine print. Lets say you buy a lifetime warranty and the car has a book value of $2,000 and needs $2,500 in repairs. They cut you a check for 2 grand, you keep the car, they end the warranty and you decide what you want to do with the car. Bottom line is lifetime warranties aren't really lifetime warranties as some people think they might be.
Yep. Chrysler was offering a lifetime warranty on Cummins engines for a time up here. When a Dodge truck is 30 years old and has a million miles on it, and the Cummins finally gives up the ghost, I have a feeling that Chrysler will neither be doing a rebuild nor installing a crate engine. The chequebook will come out, instead.
That's what happens. I made a lot of money from pre-selling extended warranties. They're a cash cow.
Originally Posted By: demarpaint
The clause is buried somewhere in the fine print. Lets say you buy a lifetime warranty and the car has a book value of $2,000 and needs $2,500 in repairs. They cut you a check for 2 grand, you keep the car, they end the warranty and you decide what you want to do with the car. Bottom line is lifetime warranties aren't really lifetime warranties as some people think they might be.
Yep. Chrysler was offering a lifetime warranty on Cummins engines for a time up here. When a Dodge truck is 30 years old and has a million miles on it, and the Cummins finally gives up the ghost, I have a feeling that Chrysler will neither be doing a rebuild nor installing a crate engine. The chequebook will come out, instead.
That's what happens. I made a lot of money from pre-selling extended warranties. They're a cash cow.