Quote:
Originally Posted by CommandoSS
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 Now saying "I won't buy a GM because they won't warranty my car if they go under" is no longer valid because the US Govt.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.
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.
This is probably the best thing that GM could have done to entice people to buy cars.
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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.
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Almost had a 2SS/RS, IOM, orange accent interior, 6 speed manual, sunroof & polished wheels
ordered 01/19/07
3000 - 2/27/09
3400 - 3/27/09
3800 - 4/17/09 (built and lost in the vortex)
ship date ??????? (I gave up and got a GT500)
5/11/09 - order cancelled
5/27/09 - vehicle arrived at dealership for whoever bought it after me