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Originally Posted by Mixdoctor  Would you continue to buy a car from a company in chapter 11? A company which will find it hard to get financing, especially in this economy ? It might be hard to find parts too as they might not be able to pay their suppliers. Also the resale value of your 65K V will be junk, especially if GM doesn't make it.
Few companies make it back from bankruptcy, one of the reasons is that consumer confidence is eroded in that company. Cars are a major purchase and you have to believe that the company that you bought yours from will be there to stand behind that car. |
I fly an airlines that went bankrupt... I think a failure in the sky is more deadly than a failure in a car on the ground. One just stops moving the other starts moving faster UNTIL it hits the GROUND.
Yes I would still buy a ZR1, or CTS-V or Z06 or Escallade if GM files chapter 11.
Even more so if they completely go bally up. What better car to have, the crown jewl, once they stop making them.