We all know that GM and Chrysler are both reeling from financial complications and are on the verge of bankruptcy. It is almost unthinkable that just a few years ago, this would even be possible. It is a sign of becoming comfortable and thinking that things will continue like they have forever.gm-and-chrysler-logos

Now we are faced with the decision of whether or not to consider purchasing vehicles from either one of these manufacturers. Questions come to mind that cause us to hesitate. Here are some of the concerns:

Support. The biggest question surrounds support of a vehicle that you purchase which might not have a network of dealers to provide support. The question looms large about honoring of warranties, too. Already, there are ramifications for those with pending lawsuits against the manufacturers. These are being swept away in the bankruptcy proceedings by Chrysler. With it goes the liability that should rest on the shoulders of the manufacturers.

Incredible buys. It is tempting to purchase a vehicle from either of these car-makers because of the deals that are being offered right now. In fact, there is a story circulating out of Arizona that a dealer there who is losing their dealer franchise is giving away new cars to those who buy one. There is no doubt that you can get a great buy, but at what cost down the road?

Resale value. The resale value will take an incredible hit if these two giants go down. That might not be a major issue if you are planning to keep the car long term, but might be a problem if you only keep your car for a few years.

Quality. Build quality is a common question in purchasing any vehicle, even if there are no financial problems. Both manufacturers have suspect lines that make it easy to leave them alone. But GM has some models that have shown remarkable improvement. The GMC Acadia, Chevy Traverse, Buick Enclave and Saturn Outlook are among them. Chrysler continues to struggle in this area.

You need to take these concepts into consideration when you look to make a purchase, and then ask if the good buys are really that good – especially when you consider the dramatic drop in value of the vehicle should the manufacturers go belly-up. Buying a car is an expensive proposition and you need to do your homework and go into it with sound financial reasons. If you do, then you will be less likely to choose the wrong vehicle for your needs.