LIMITED WARRANTIES ARE GREAT!.............by Steve Duhl 
Wednesday, September 14, 2011, 09:43 AM
Posted by Administrator
It is fantastic that some car manufacturers offer a "100,000 Mile Limited Powertrain Warranty". It would be even better, though, if they didn't limit their warranty at all.

The "Limited Warranty" on that TV you are about to buy LIMITS the warranty that the law says you've otherwise got: that the product will work....forever...and that if it breaks, the manufacturer has to fix it and pay for all of your incidental losses. The manufacturer takes the expansiveness of that away and says that you are limited to ...for example... one year parts and labor and no consequential damages (Your warehouse didn't really need that forklift to be working EVERY day, did it? You are okay with shutting down for a month while parts come in from China. Right?)

What is your remedy when that $1,000 electric bicycle you just bought breaks while under the one year warranty? If the company is still in business...you probably will get it fixed...somewhere.
If the company has gone bust (bankrupt) or just doesn't care about your problem, you will have a $1,000 metal sculpture that resembles an electric bicycle.

When General Motors went bankrupt, it could have walked away from its (limited) warranty obligations. But, if it did, the brand would have died. Besdies, the government was paying.

When it comes to warranties, the only thing better than a Limited Warranty is when the warranty isn't limited. If the seller doesn't limit the warranty...in writing...then you've got an unlimited warranty. Of course, seller's aren't stupid enough to give you one of those.



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