The London-based oil giant doesn't have a specific budget for damage claims, said Darryl Willis, vice president of resources for BP America.

WSJ: BP Promises to Keep Money Flowing to Gulf Residents

He will put forward a very specific budget.

WHITEHOUSE: Press Briefing

So if you're planning to buy a car on a tight or specific budget, you might want to factor in--along with fuel and insurance--the cost of repairing a vehicle when the warranty expires.

FORBES