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The Library => Haley Center Basement => Topic started by: wesfau2 on June 02, 2016, 01:23:39 PM

Title: The Economics of a Lawsuit
Post by: wesfau2 on June 02, 2016, 01:23:39 PM
We know that auto recalls are a cost-based decision:  will it cost more to defend the lawsuits resulting from the defect than to recall?  Then, recall!

Consider this, then:

My car has a Takata airbag, apparently.  The recall notice was sufficiently horrific in its detailing of "potential harms" that I immediately went to the dealership to ask what my options were.  "Continue driving it until we get parts" was not an acceptable option, so I took them up on their offer to rent me a vehicle until the parts come in and the car can be repaired.  I was told to garage my car (signed an agreement that I would, even) and pick up my rental at Enterprise.

After one month, I had to "re-up" the paperwork on the rental.  I glanced at the bill that the dealership/manufacturer is paying: $973.  My dealership said they'd have the part "sometime in the summer of 2016."  So, potentially, August 31.  That would mean I have billed about $6000 to the dealer/manufacturer.

I was talking to the manager at Enterprise about that cost.  She said I'm the only recall rental she has at her store...but her sister store in Fort Walton Beach has 200 of these rentals out.  That's about $200K a month...at one tiny Enterprise store in a very small town.

Ponder what the potential liability had to look like (in the form of wrongful death and injury suits) to justify that recall cost. 
Title: Re: The Economics of a Lawsuit
Post by: Godfather on June 02, 2016, 01:59:08 PM
(http://2.bp.blogspot.com/-mYGdaxoYyCU/T51s0ZqICMI/AAAAAAAAAOU/KvTNNITGUMI/s1600/hc-driver-hospitalized-after-onecar-crash-on-m-001.jpg)
Title: Re: The Economics of a Lawsuit
Post by: wesfau2 on June 02, 2016, 02:05:55 PM
(http://2.bp.blogspot.com/-mYGdaxoYyCU/T51s0ZqICMI/AAAAAAAAAOU/KvTNNITGUMI/s1600/hc-driver-hospitalized-after-onecar-crash-on-m-001.jpg)

Exactly why I'm cool with driving their piece of shit Jeep Liberty and parking my baby in the garage.
Title: Re: The Economics of a Lawsuit
Post by: Godfather on June 02, 2016, 02:15:23 PM
Exactly why I'm cool with driving their piece of shit Jeep Liberty and parking my baby in the garage.

Yeah but think of how much money you would make! Especially with Carey in your corner, you know that dude is awake at night worrying about you.

You would be the sexiest quadriplegic this side of Steven Hawking, and I would be in your entourage.  Hell I'll hold your mangled junk while the stripper kisses it, you're my boy.
Title: Re: The Economics of a Lawsuit
Post by: Snaggletiger on June 02, 2016, 02:19:25 PM
Yeah but think of how much money you would make! Especially with Carey in your corner, you know that dude is awake at night worrying about you.

You would be the sexyist quadriplegic this side of Steven Hawking, and I would be in your entourage.  Hell I'll hold your mangled junk while the stripper kisses it, you're my boy.

Drive it, Wes.  Pleeeeease, drive it.
Title: Re: The Economics of a Lawsuit
Post by: wesfau2 on June 02, 2016, 02:19:56 PM
Yeah but think of how much money you would make! Especially with Carey in your corner, you know that dude is awake at night worrying about you.

You would be the sexiest quadriplegic this side of Steven Hawking, and I would be in your entourage.  Hell I'll hold your mangled junk while the stripper kisses it, you're my boy.

You make a compelling argument.
Title: Re: The Economics of a Lawsuit
Post by: WiregrassTiger on June 02, 2016, 02:38:37 PM
Not sure what you drive Wes but I assume it's some fancy lawyer car to try to compensate for a little penis or being bi. But, I can tell you that I recently had a recall that worked out huge in my favor. And I've had the good luck with Toyota. Not so much with GM.

I bought a knock around Camry from a "friend" in the car biz a couple of years ago for 7k. 2008 with high mileage but I thought it was what I needed for a junker for just me to travel in. It did fine but I got an even better deal when someone I know at the Toyota dealership told me the bad news was that I had bought a junk yard engine. The good news was that it was recalled. I ended up getting a new engine, a new dash board and new sun visors. All recalls. Woot!! I'm set and look really cool in my Camry. :clap:
Title: Re: The Economics of a Lawsuit
Post by: Saniflush on June 02, 2016, 03:22:28 PM
Not sure what you drive Wes but I assume it's some fancy lawyer car to try to compensate for a little penis or being bi. But, I can tell you that I recently had a recall that worked out huge in my favor. And I've had the good luck with Toyota. Not so much with GM.

I bought a knock around Camry from a "friend" in the car biz a couple of years ago for 7k. 2008 with high mileage but I thought it was what I needed for a junker for just me to travel in. It did fine but I got an even better deal when someone I know at the Toyota dealership told me the bad news was that I had bought a junk yard engine. The good news was that it was recalled. I ended up getting a new engine, a new dash board and new sun visors. All recalls. Woot!! I'm set and look really cool in my Camry. :clap:

This is how you roll when you roll cool.
:civic: