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Just because Chrysler filed for Chapter 11 bankruptcy protection doesn’t mean the company is non-existent. Chrysler’s operations will continue during bankruptcy proceedings. While Chrysler restructures with the intent of emerging from bankruptcy as a stronger company, the federal government is funding the company’s operations and backing its warranties. Warranties on expensive components like engines and the electrical system may be a big concern for consumers.

While it’s safe to buy Chrysler, Dodge or Jeep products right now, many of Chrysler’s cars simply aren’t competitive with industry leaders, which is something you should take into consideration when shopping. For example, none of Chrysler’s vehicles made Cars.com’s 2009 Best Bets, which looks at a car’s reliability, crash-test results and fuel economy.

If you’ve found a Chrysler, Dodge or Jeep car that you’re interested in, you could likely find a good deal with the latest round of incentives. Currently, Chrysler is offering up to $4,000, plus a $1,000 loyalty bonus if you currently own a Chrysler. Take off another $1,000 if you finance through a participating credit union. Big incentives aren’t limited to Chrysler; many automakers are offering significant cash-back offers and low-interest rates.

That being said, instead of believing that the rebates and discounts are really lowering the price of your new car, why not simply repair the car you have now, chances are the car is in good overall condition and you are already very familiar with the car. I always recommend putting a good used Chrysler engine in a Chrysler that needs a replacement engine, than having a knee-jerk reaction and buying a new car.

If this type of thinking interests you, call GotEngines.com @ 1-877-268-0664 and speak with one of the friendly professionals.