PiaffePonyTx
New Member
Assuming all conditions are met for a product to qualify for repair under the warranty:
You purchase a product with components clearly listed under 4 different warranty terms: 20, 15, 3, 1 years on a "straight line amortization schedule" that is pro-rated yearly.
What typically makes up the amount being amortized;
Base purchase price(BPP)?
BBP + admin fees +tax + shipping?
The BBP+All fees+interest paid via financing?
Now let's say we've determined the amount being amortized.
The components that make up the product purchased clearly fall into one of the 4 warranty terms.
HOWEVER, the components are not itemized. No where in the invoice, written agreement, or written warranty policy does it indicate an exact amount or even a percentage of the BPP.
Let's say the salesman told you that the component warrantied for 15 years is 10% of the BPP. Hypothetically: if you purchased something for $100,000 and the part that needs replaced is $10,000 (15 year warranty) and you've owned the product for 5 years. What should it cost you to replace it under the warranty?
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Second scenario: Let's say you purchase a product with a 20 year warranty on a straight line amortization.
The company (lessor) finances their product to you (lessee)for 10 years on a lease to own basis. In the written agreement, there are 2 conflicting sections.
Section on first page says "you are entitled to all the promises and warranties provided to the lessor by the supplier (their mother company)..."
Then a section on page 5 says if you're not in default, "Any purchase by the lessee of the equipment in accordance to this section (pays all the fees due, isn't in default of any other agreements with lessor and provides no less than 90 days and not more than 120 days of intent to purchase) shall be "as is" and "where is" without any representation, warranty or recourse of any kind against or by lessor. "
So the warranty no longer exists when you purchase the equipment at the end of your lease term and met all the requirements?
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You purchase a product with components clearly listed under 4 different warranty terms: 20, 15, 3, 1 years on a "straight line amortization schedule" that is pro-rated yearly.
What typically makes up the amount being amortized;
Base purchase price(BPP)?
BBP + admin fees +tax + shipping?
The BBP+All fees+interest paid via financing?
Now let's say we've determined the amount being amortized.
The components that make up the product purchased clearly fall into one of the 4 warranty terms.
HOWEVER, the components are not itemized. No where in the invoice, written agreement, or written warranty policy does it indicate an exact amount or even a percentage of the BPP.
Let's say the salesman told you that the component warrantied for 15 years is 10% of the BPP. Hypothetically: if you purchased something for $100,000 and the part that needs replaced is $10,000 (15 year warranty) and you've owned the product for 5 years. What should it cost you to replace it under the warranty?
——————————
Second scenario: Let's say you purchase a product with a 20 year warranty on a straight line amortization.
The company (lessor) finances their product to you (lessee)for 10 years on a lease to own basis. In the written agreement, there are 2 conflicting sections.
Section on first page says "you are entitled to all the promises and warranties provided to the lessor by the supplier (their mother company)..."
Then a section on page 5 says if you're not in default, "Any purchase by the lessee of the equipment in accordance to this section (pays all the fees due, isn't in default of any other agreements with lessor and provides no less than 90 days and not more than 120 days of intent to purchase) shall be "as is" and "where is" without any representation, warranty or recourse of any kind against or by lessor. "
So the warranty no longer exists when you purchase the equipment at the end of your lease term and met all the requirements?
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