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5th Gen Camaro SS LS LT General Discussions General 5th generation Camaro topics not covered by other subforums.

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Old 03-31-2009, 09:23 PM   #101
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Quote:
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It sounds more like they will simply guarantee that you will not be "upside-down" when you trade in. So it will probably only apply to GMAC loans that had a minimum percentage down payment. Maybe it will work out, who knows? I'd like the idea of trading in two years from now and getting a HUD convertible in ralleye green. Or maybe a direct injection LS3 with a 3.73 rear end.

It only lasts 2 years. After that, the trade-in value is NOT protected at all.

Not going to help too many buyers, imo.
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Old 03-31-2009, 09:24 PM   #102
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April only? How's anyone supposed to get a new Camaro covered under this plan?
LOLOL

April 1st to June 1st

nobody reads in this thread for some reason.
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Old 03-31-2009, 09:25 PM   #103
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Just my 2 cents worth but rather than a bunch of smoke & mirror stuff what would help me purchase a new Camaro (would be my 13 new Chevy since 1996) is IF I could find a local dealer who isn't asking me to pay MSRP to get a new Camaro. Same old GM crap as with any new model - charge MSRP (or more) for as long as they can get it & then see the vehicles start to pile up on dealers lots once the initial purchases have been made. Saw it with the SSR, 95-96 Impala SS, C5's, and the Z06's. Same thing back to my first new car purchase - my 1977 Camaro Z-28! Poor business practice and puts a bad taste in your mouth and makes me want to look elsewhere. Especially when new Challengers & Shelby's are being discounted by thousands.
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Old 03-31-2009, 09:27 PM   #104
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The Payment Protection last 2 yrs. Covers upto 9 months.
The trade-in equity requires that you at least make half of the payments in your loan term.
For those that are complaining that this program will not be available when (we) you take delivery, it wasn't available when you ordered, so why all the crying?
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Old 03-31-2009, 09:28 PM   #105
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It sounds more like they will simply guarantee that you will not be "upside-down" when you trade in. So it will probably only apply to GMAC loans that had a minimum percentage down payment. Maybe it will work out, who knows? I'd like the idea of trading in two years from now and getting a HUD convertible in ralleye green. Or maybe a direct injection LS3 with a 3.73 rear end.


"4. In order to take advantage of this program, do I have to finance or lease through GMAC?

No, you can finance or lease the vehicle through any financial institution."


Go to camaro5's earlier post to find the link..All answers are under the "questions" tab.
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Old 03-31-2009, 09:31 PM   #106
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It covers up to 5K negative equity, and even will cover up to 2.5K, if you sell private party... (of course, with purchase of new GM)
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Old 03-31-2009, 09:32 PM   #107
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GM.com
But I guess it would be too easy to get facts from Direct from the source, easier to speculate and complain.... LOL
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Old 03-31-2009, 09:52 PM   #108
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www.gmconfidence.com

Website says that all 2008, 2009, AND 2010 models covered. Sounds like Camaro is in
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Old 03-31-2009, 09:57 PM   #109
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Great link Hylton

Lot of questions answered in there.

Thought it was pretty poor form how the guy dissed the Ford customer service people when the GM CSR's are just as uninformed
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Old 03-31-2009, 10:29 PM   #110
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just saw the TV commercial for the plan and what was there, a silver RS V6 camaro!
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Old 03-31-2009, 10:31 PM   #111
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Payment Protection

Where does it state anything about your wife losing her job? Just say we buy the car together so does that mean either her or I lose our job we get the 9 month payment taken care of or what?! Because either one of us loses our job we cannot pay for the Camaro.
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Old 04-01-2009, 01:05 AM   #112
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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.
If all of the jobs created in canada by us buying the camaro here in the US is not the biggest perk of all tell me what is. Were sending you our money quit complaining.
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Old 04-01-2009, 02:15 AM   #113
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If all of the jobs created in canada by us buying the camaro here in the US is not the biggest perk of all tell me what is. Were sending you our money quit complaining.
Sweet, when can I get my cheque? I have some GMPP stuff to buy..........

I was thinking that you guys getting a car made by Canadians was the biggest perk of all time
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Old 04-01-2009, 02:46 AM   #114
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It all sounds good to me
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Old 04-01-2009, 08:10 AM   #115
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Minor gimik? Hardly...this erases any reason why someone WOULDN'T buy a GM due to company stability issues. Now saying "I won't buy a GM because they won't warranty my car if they go under" is no longer valid because the US Govt. is now backing those warranties.
It says fully backed warranty but nothing about who or what is backing it beyond GM, which makes it rather meaningless. I've seen some stuff in the news about the government possibly backing warranties to keep people from being scared off by bankruptcy talk etc, but the anouncement in question doesn't talk about that, nor does www.gmconfidence.com unless it's hidden away somewhere.

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I also saw in the new commercial advertising this program that GM will now guarantee trade-in value if you choose to trade in your car sometime in the future.
No big deal just an owner loyalty discount for those that like to get new cars.
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Old 04-01-2009, 09:15 AM   #116
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I saw the new commercial last night during the new Cupid show. Would have been great to see a full blown Camaro commercial - but I'll take what I can get!
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Old 04-01-2009, 04:07 PM   #117
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my family has been a gm family for well over 60 years (my dad bought a 48 olds after he was discharged from the army and he drove oldsmobile almost exclusively) most of what i've driven has been gm..severa camaro's (have a modified84 presently)and i also drive heaven forbid a mercury grand marqueis.. i guess i make up for that by building a 74 chevy vega panel express into an all out drag car hopfully to run at pinks allout in the future
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Old 04-01-2009, 08:37 PM   #118
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you know how many people are going to "lose their jobs"

is gm trying to save in business or are they trying to give their business away??
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Old 04-02-2009, 08:17 AM   #119
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They're not on the hook for it. An insurance company is. GM simply buys a policy. If more people than expected lose their jobs, the insurance company takes the hit.
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Old 04-02-2009, 05:46 PM   #120
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Old 04-02-2009, 05:55 PM   #121
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Originally Posted by vega$ View Post
LOLOL

April 1st to June 1st

nobody reads in this thread for some reason.
Actually it is April only. Must purchase a vehicle between April 1 and April 30, 2009... (It's in the first post)
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Old 04-02-2009, 10:56 PM   #122
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Actually it is April only. Must purchase a vehicle between April 1 and April 30, 2009... (It's in the first post)
yeah, And on the GM website.

"The program applies to new GM cars and trucks, except for Saab and medium duty trucks, sold and delivered at retail for personal use on or after April 1, 2009 through April 30, 2009."
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Old 04-02-2009, 11:02 PM   #123
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I'm not impressed with this program. how about 5/100 bumper to bumper OR Lifetime powertrain. now THAT will impress me...

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Old 04-04-2009, 12:31 AM   #124
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Actually it is April only. Must purchase a vehicle between April 1 and April 30, 2009... (It's in the first post)
If it improves sales, they'll extend it. Rebates also always expire at the end of the month...then get renewed. They need people to think the incentives might go away--and sometimes incentives do end--to spur them to buy now.
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