worried warrantyIf you already own a vehicle and are worried about your warranty, this is for you.
For more on dealer closings, see this Web article.
If you run into any warranty trouble, you can file a complaint here with the BBB.
Take a look at this recent Wisconsin Public Television report on the effect an auto dealership has on a small town (scroll to Jan. 2, 2009)"Both Chrysler and GM have indicated that they are committed to honoring their manufacturer's warranty despite declaring bankruptcy," according to the BBB.
The way this works is the company providing the extended warranty isn't actually GM or Chrysler. The company providing the warranties is affiliated with-but not financially tied to-the companies producing the vehicles.
This means your warranty is not in danger of being cut. To get work done under warranty you just need to find a certified new car (not used car) dealer. If you own a GM, you can use its dealer locator here or if you own a Chrysler, you can use its dealer locator here.
Is your local certified dealer going out of business? If so, there's good news and bad news. The good news is only dealerships will be lost, not service on your vehicle. The bad news is you will probably need to travel a little farther than you have had to in the past to get work done.
So, while it's true consumers have an opportunity to save money on a new vehicle right now, there's also opportunity for someone to take advantage of you. Be especially careful when making a vehicle trade or purchase.