GM to cut powertrain warranty to 60,000 miles
http://finance.yahoo.com/news/gm-cut-chevy-gmc-powertrain-warranty-60-000-143947688--finance.html DETROIT (Reuters) - General Motors Co said on Thursday it plans to cut its powertrain warranty on...
Forum Discussion
I think you can trace the reasoning to the fact that nobody keeps a car for more than 3 years.
Almost nobody "buys" a car, they lease it.
The normal lease is either 2 or 3 years with 10,000 mile per year max allowed.
After that the car is turned in and it becomes a used car. So it is only going to have 20,000-30,000 miles on it. A 100,000 miles warranty would be meaningless.
Do all the manufacturers honor the warranty in a used car sale?
Almost nobody "buys" a car, they lease it.
The normal lease is either 2 or 3 years with 10,000 mile per year max allowed.
After that the car is turned in and it becomes a used car. So it is only going to have 20,000-30,000 miles on it. A 100,000 miles warranty would be meaningless.
Do all the manufacturers honor the warranty in a used car sale?
