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Originally Posted by 2010 Indy Pace
The Festival Plates on them are valid through 5/31 only, so it is a sort of "temporary" registration for IMS purposes. I have seen the paperwork for it, but I forget what it is called. But GM still holds ownership & title to the cars.
I thought I read when researching mine that Festival Cars are sold to dealers at a lower invoice price. But that won't stop the dealer from saying they are "rare" and jacking the price up over MSRP to those that pay it...
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I think they are classified as Program Cars. They can be sold as new up to a couple thousand miles I think, then they have to be sold as used cars.