Lending Perspectives: When your warranty has expired!

Warning: This has nothing to do with your older car, just how to keep your older leader self current and valuable.

Anyone who knows me knows I have a very well-developed, self-deprecating sense of humor. It’s been part of my executive survival plan for three decades! In general, I try not to take myself too seriously. As an example, I’ve been joking around the office that I’m somewhat like a used car that now has an expired warranty. Yes, I’m out of warranty, and have been for a long time!

That said, just because a car is out of warranty doesn’t mean you take it off the road. You might choose to keep driving it. The car might break down and need repairs. Sometimes the repairs are reasonable cost-wise, and you decide to keep the car and keep it on the road. Depending on the cost and the frequency of the repairs, you might decide to trade in the car. But at some point, the car will be ready for the junkyard.

Personally, I’d like to think of myself as a vintage Porsche 356. Made from around 1950 to 1965, they are classics. They don’t perform like the new models. Getting parts might be a challenge. But in general, they’re fairly easy to fix, they have a lot of character, and they’re valuable enough to keep fixing. Yeah, that’s me for sure! I’m a vintage lending executive with lots left to give. But how do I keep this old car running?

 

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