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As far as I know, the warranty doesn't apply and will NOT be honored. It is my understanding that Home Depot is the exclusive retailer for Ridgid power tools. (Note, that plumbing tools are different and may have other authorized retailers/suppliers.)
Technically, anyone who acquires a Ridgid tool and then sells it on E-Bay, even in it's original box and/or even if the box is still sealed, would in fact be the first owner and any purchaser from them would be the second owner.
I believe the subject has come up before and there is some question as to how a particular individual or "E-Bay retailer" has acquired the Ridgid tools, since there is an exclusive agreement between Ridgid and Home Depot for their sale, at least here in the U.S.
I was just at my local repair center today and the subject of eBay sales came up. The simple answer is "No." If you buy something on eBay, you're on your own. At least that is the stance from the service center.
Unless you get a really low price,and often for who knows what reason , people bid to the cost of a new tool, so it is not worth it. The main advantage to Ridgid is the LSA. Most tools are not worth repairing as they have part assembles which make repairs not cost effective.