View Single Post
Old 03-31-2009, 10:49 AM   #4
SS 376

 
SS 376's Avatar
 
Drives: IBM 1SS
Join Date: Feb 2009
Location: DFW
Posts: 1,970
It's a positive step, but the Camaro doesn't need help. It sells itself, like cocaine. All the dealer has to do is not f*ck up the sale.

On the payment-protection program, I kind of wonder if this is a profit-center for GM. I know all GM has to do is take out an insurance policy for whatever depreciation hit it might take if a buyer loses his job and gives the car back, and they probably add a premium to the lease payment or interest rate to account for it. Even though the economy is not doing all that well, the majority of buyers are not going to lose their job. Seems like this is just like mortgage insurance.
SS 376 is offline   Reply With Quote