Auto Financing collusion? - Page 5 - Mercedes-Benz Forum

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post #41 of 63 (permalink) Old 05-25-2008, 04:22 PM Thread Starter
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For one thing, I would expect that the loan institution trusts the dealer (via contract) to provide an accurate evaluation of the vehicle for equity purposes, and that the lending institution would therefore not have to incur the fee of a professional in order to provide this service.
Good point, until the desire or incentive to move the car off the lot, outweighs the dealer's fiduciary responsibility to report the truth. The fact a prior executed "contract" might exist between said dealers and financial institutions lends credence to the collusion theory, don't ya think?

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Where is it again that we are going... And why are we in a handbasket?
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post #42 of 63 (permalink) Old 05-25-2008, 04:23 PM Thread Starter
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Ears,

It seems to me that you are looking for boogymen. Deal w/ it! And get over it! Before it makes you crazy...
OK

Peace, Out.

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Where is it again that we are going... And why are we in a handbasket?
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post #43 of 63 (permalink) Old 05-25-2008, 04:25 PM
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OK

Peace, Out.
No disrespect intended... I just worry about your mental health. I used to get paid for that.

Don't believe everything you think
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post #44 of 63 (permalink) Old 05-25-2008, 04:30 PM
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I just worry about your MENTAL HEALTH. I used to get paid for that. Hey Jayhawk can you help me with the voices in my head?
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post #45 of 63 (permalink) Old 05-25-2008, 04:30 PM Thread Starter
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No disrespect intended... I just worry about your mental health. I used to get paid for that.

No, Its cool. I just find this situation surprising, and am interested if anyone else finds this the edge of the slippery slope?

You will remember not too long ago, some in congress with the support of lobbyists for dealers, tried to pass a bill that would effectively remove your ability to perform your own maintenance on your own vehicle. Before that, it was the warranty issue with parts other than OEM...(Magnusson-Moss act, I think, is what we got to stop the luanacy of aftermarket voiding warranty)

Incidentally, both of these issues were unsuccessful.

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Where is it again that we are going... And why are we in a handbasket?

Last edited by Ears; 05-25-2008 at 04:36 PM.
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post #46 of 63 (permalink) Old 05-25-2008, 05:35 PM
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No, Its cool. I just find this situation surprising, and am interested if anyone else finds this the edge of the slippery slope?

You will remember not too long ago, some in congress with the support of lobbyists for dealers, tried to pass a bill that would effectively remove your ability to perform your own maintenance on your own vehicle. Before that, it was the warranty issue with parts other than OEM...(Magnusson-Moss act, I think, is what we got to stop the luanacy of aftermarket voiding warranty)

Incidentally, both of these issues were unsuccessful.
This is a 1975 United States Federal Law which deals with consumer warranty coverage. It defines responsibilities for both the buyer and the seller of all consumer goods costing more than $25. A portion of this law applies to aftermarket parts and modifications and how it affects your car warranty.

For our purposes the law basically states that you have a right to use aftermarket, non-OEM parts on your car and still retain the factory warranty. However, if there is a failure and the manufacturer (Hyundai, in this case) can show that the failure was caused by the aftermarket part, they can deny coverage.

The important thing is that your dealer cannot VOID your entire warranty just because the part is on the car. There have been cases where a dealer would tell a customer that their new car had no warranty because it had an aftermarket exhaust. Granted, the exhaust is not covered, however the rest of the car is still under the normal warranty.


The bottom line is to talk to your dealer and get their feeling about aftermarket mods. Some dealers are more prone to be ok with it than others.

For more detail on warranty related issues, check this excellent article from SEMA.

Also, Magnuson-Moss Warranty Act - Wikipedia, the free encyclopedia

Don't believe everything you think
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post #47 of 63 (permalink) Old 05-25-2008, 08:18 PM Thread Starter
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This is a 1975 United States Federal Law which deals with consumer warranty coverage. It defines responsibilities for both the buyer and the seller of all consumer goods costing more than $25. A portion of this law applies to aftermarket parts and modifications and how it affects your car warranty.

For our purposes the law basically states that you have a right to use aftermarket, non-OEM parts on your car and still retain the factory warranty. However, if there is a failure and the manufacturer (Hyundai, in this case) can show that the failure was caused by the aftermarket part, they can deny coverage.

The important thing is that your dealer cannot VOID your entire warranty just because the part is on the car. There have been cases where a dealer would tell a customer that their new car had no warranty because it had an aftermarket exhaust. Granted, the exhaust is not covered, however the rest of the car is still under the normal warranty.


The bottom line is to talk to your dealer and get their feeling about aftermarket mods. Some dealers are more prone to be ok with it than others.

For more detail on warranty related issues, check this excellent article from SEMA.

Also, Magnuson-Moss Warranty Act - Wikipedia, the free encyclopedia
Thanks for making my point... Had it not been for the passing of this act, we all would be tied to using only OEM for the period of a vehicle warranty. I posted this as an example of how consumer interests have been at odds with automakers before, and now this financing thing is just the latest wrinkle in the same vein...

Incidentally, how is the new perscription dosage working out for you? Hate to hear how you USED to get paid for concerning yourself about others' mental health. Perhaps things will change around for you yet...

ps: the unsuccessful part was the auto makers failed in their attempts to hog-tie the consumer. The act prohibited voiding warranty under cases where substitution parts meeting OEM spec were used, as opposed to OEM... to use your words, the
Quote:
Originally Posted by jayhawk
"big boys"
helped there...

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Where is it again that we are going... And why are we in a handbasket?

Last edited by Ears; 05-25-2008 at 08:24 PM.
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post #48 of 63 (permalink) Old 05-25-2008, 08:36 PM
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Whatever...

Don't believe everything you think
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post #49 of 63 (permalink) Old 05-25-2008, 08:37 PM Thread Starter
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Whatever...
precisely...

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post #50 of 63 (permalink) Old 05-25-2008, 09:20 PM
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The quality of aftermarket shit is typically shitty.
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