GM launches Total Confidence Program starting April 1 to protect customers

[cam2fst4u]

that would be nice if they did this earlier.....I've lost alot of money trading vehicles...especially on the g6 lost 10,000 in a year i also wanted to trade my truck and found out it had lost 12,000

[PQ]

Originally Posted by kanakattack

Don't see how this would affect too many Camaro buyers though, most of us will be taking delivery after April 30th.

Originally Posted by fixxer56

What if the car doesnt come in between these dates? I ordered on 10/15/08 and got Event Code 3000 as of last Friday

Originally Posted by Ctrain24

Move along people, nothing to see here, Worthless for most of us Camaro buyers. Most of us will still be on event code 1100 by April 30.

[swazworth]

The "GM Total Confidence" plan is available for vehicles purchased April 1 through April 30, 2009. For more information, please visit gmconfidence.com.

i may be wrong, but it doesn't say "take delivery by april 30". it just says purchased by. so it might still apply.

[SSCamaroNC]

http://www.gm.com/total-confidence/p...27=vanity_gm_c


Details:

The Payment Protection Program is provided by cynoSure Financial, Inc.

Purchase or lease any eligible new 2008, 2009 or 2010 GM vehicle from a participating GM dealer in the United States by June 1, 2009. Only Saab vehicles and medium and heavy duty trucks are excluded.

You have to be employed when you buy the vehicle and remain employed for 90 more days.

Then, if you lose your job due to economic conditions during the next 21 months you are eligible for benefits. If you lose your job for other reasons, you may not be covered.

You are not eligible if you are an active GM employee, a seasonal worker, are self-employed, retired or receiving a severance.

If you want to read all of the detailed terms and conditions of this program, simply click on the link on this page, which leads to a sample set of terms and conditions for the program.*


It breaks things down

Productions Protection
Family Protection
Vehicle Value Protection
Payment Protection

[logan1080]

So the car costs less in the US, they get way more cars first than Canada, dealers in the US have way more info than cdn dealers, and they get help paying for the car if they lose their job and trade in values are helped? And yet the car is made by Canadians and we get the big fat shaft? one hit after the other against Canadians here. no perks.

[VictoryRed08]

Originally Posted by logan1080

So the car costs less in the US, they get way more cars first than Canada, dealers in the US have way more info than cdn dealers, and they get help paying for the car if they lose their job and trade in values are helped? And yet the car is made by Canadians and we get the big fat shaft? one hit after the other against Canadians here. no perks.

with regards to us never getting the same incentives. Happens all the time, not just with GM.

[fastfret7]

Originally Posted by Urthman

So Ford will cover $200 more than GM and for 3 months longer than GM. Plus the 0%.

GM needs to do 0% for 72 months on ALL vehicles. If they do that, they will sell cars. I may just sell my G8 to by a Camaro if they do that.

Ummm....We gave them taxes payer's money. They better start doing a little more for us!

[PQ]

Originally Posted by swazworth

i may be wrong, but it doesn't say "take delivery by april 30". it just says purchased by. so it might still apply.

Not exactly. It says April 1 thru April 30. All of us who ordered allready, ordered before the effective date. But I'll bet you my deposit that the effective date will be the date financing is obtained.

[SSCamaroNC]

Deadline is June 1, 2009. I posted a few minutes ago not sure if anyone noticed.

[swazworth]

Originally Posted by irpq11

Not exactly. It says April 1 thru April 30. All of us who ordered allready, ordered before the effective date. But I'll bet you my deposit that the effective date will be the date financing is obtained.

i see your point now. that really sucks for you guys.

[PQ]

Originally Posted by SSCamaroNC

http://www.gm.com/total-confidence/p...27=vanity_gm_c


Details:

The Payment Protection Program is provided by cynoSure Financial, Inc.

Purchase or lease any eligible new 2008, 2009 or 2010 GM vehicle from a participating GM dealer in the United States by June 1, 2009. Only Saab vehicles and medium and heavy duty trucks are excluded.

You have to be employed when you buy the vehicle and remain employed for 90 more days.

Then, if you lose your job due to economic conditions during the next 21 months you are eligible for benefits. If you lose your job for other reasons, you may not be covered.

You are not eligible if you are an active GM employee, a seasonal worker, are self-employed, retired or receiving a severance.

If you want to read all of the detailed terms and conditions of this program, simply click on the link on this page, which leads to a sample set of terms and conditions for the program.*


It breaks things down

Productions Protection
Family Protection
Vehicle Value Protection
Payment Protection

Well then I guess I'm confused. The press release says;
The "GM Total Confidence" plan is available for vehicles purchased April 1 through April 30, 2009. For more information, please visit gmconfidence.com

So is it June 1st, or April 30th ?

[DkknightX]

"You are not eligible if you are an active GM employee, a seasonal worker, are self-employed, retired or receiving a severance."

GM, WTF is that?! Basically this writes everybody off. Why bother to offer this plan then? I'm screwed because I'm self-employed? Absolutely retarded. I think GM needs to focus more on accomodating Americans that do more than their fair share of making this nation great, offering this plan and then giving them rewards for their loyalty and dedication to GM products. Does GM realize how many entreprenuers that are in this country? They need to stop being so damn selective. Otherwise, why bother to offer this plan in the first place?! I would think that at least three of the five qualifications listed for ineligibility would actually have steady income. Doesn't sound like GM has much "Total Confidence" in their customers and that is insulting. Retarded.

[OverAnxious]

I'm mixed on this one. I can see how it will get people into showrooms, but more than likely it will get people into showrooms that have no business there to begin with.

Think about who this will 'protect' - the people without a sufficient emergency fund in place in case they lose their jobs in the first place. If you do not have at least 6-9 months CASH on hand to get yourself through something like this, you have NO business taking on a new car note.

This is a vicious circle for the automakers. While people are doing worse overall financially, GM needs more people to buy new cars, see the cycle? :(

[OverAnxious]

Originally Posted by DkknightX

"You are not eligible if you are an active GM employee, a seasonal worker, are self-employed, retired or receiving a severance."

GM, WTF is that?! Basically this writes everybody off. Why bother to offer this plan then? I'm screwed because I'm self-employed? Absolutely retarded. I think GM needs to focus more on accomodating Americans that do more than their fair share of making this nation great, offering this plan and then giving them rewards for their loyalty and dedication to GM products. Does GM realize how many entreprenuers that are in this country? They need to stop being so damn selective. Otherwise, why bother to offer this plan in the first place?! I would think that at least 2 of the four qualifications listed for ineligibility would actually have steady income. Retarded.

I do not understand the GM employee aspect (although they will more than likely be putting many more people out of work very soon), but I can easily see this for the seasonal worker as well as the self employed. If you are self-employed, think how easy it would be to 'fire yourself' on the books and get 9 months worth of car payments for free