GM Offers Refund to Car Buyers - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

RPO_Z28 · 09-11-2009, 11:48 AM

The warranty starts when the car is originally delivered. Now who gets screwed with the warranty? Does the warranty start over for the new buyer??

WTF?? New GM?

*Mr. Wyndham* · 09-11-2009, 11:53 AM

Quote:

Originally Posted by RPO_Z28

The warranty starts when the car is originally delivered. Now who gets screwed with the warranty? Does the warranty start over for the new buyer??

WTF?? New GM?

If they return it, GM would take the depreciation hit. It's a risk they are willing to take for the sake of getting people into dealerships. The car then becomes a 2-month old used vehicle with 4000 miles on it, and a full 5-year, 100,000 mile warranty. (okay, so 4.9 year, 96,0000 mile warranty

)

Red Rocket · 09-11-2009, 11:56 AM

With all the unscrupulous dealers out there, they would still probably try to sell it at full msrp or higher to some unsuspecting sucker.

Buckbo · 09-11-2009, 11:57 AM

Quote:

Originally Posted by ArcAngel

...Am I the only one who reads the small print?

I don't need to read the small print because there's nice people like you to explain it to me.

Buckbo · 09-11-2009, 11:58 AM

Quote:

Originally Posted by csadusky

So let me get this right. I buy a new car for $30,000 and I can return it to the dealer and get $30,000 back. How on earth could I sell it for more on e-bay as a used car with 4.000 miles on it?

And I'm still looking for the fine print?

From what I heard GM took out an insurance policy in case they lose too much on this.

RPO_Z28 · 09-11-2009, 12:02 PM

This just in:

Q: What are the details of the satisifaction guarantee? Will the program be complicated?
A: Heres' a summary of the satisfaction guarantee:
· Covers 2009 and 2010 Model Year Chevys, Buicks, GMCs and Cadillacs (except medium duty trucks)
· Return a vehicle with less than 4000 miles between 31 and 60 days
· Customers will be informed in writing before they buy the vehicle of the terms of the Satisfaction Guarantee
· The Satisfaction Guarantee covers the vehicle purchase price and sales tax, but not other add-ons like accessories, negative equity on a trade-in or other fees; other restrictions apply
· Leased vehicles are not included
· Yes, this program is available to GM employees who purchase a vehicles using the employee discount

More to follow on the late, local news!

csadusky · 09-11-2009, 12:26 PM

So I guess there is no fine print about having to buy a non GM car to get my money back after all hmmmm. Thanks for the clarification RPO_Z28

RPO_Z28 · 09-11-2009, 04:05 PM

Quote:

Originally Posted by csadusky

So I guess there is no fine print about having to buy a non GM car to get my money back after all hmmmm. Thanks for the clarification RPO_Z28

RPO_Z28 · 09-12-2009, 10:17 AM

You do not have to buy a competitive vehicle to qualify.

There are restrictions because it's guaranteed by an insurance company.

As long as you don't damage it, abuse it or go over the miles, looks like you can return it, even for spite.

CamK18 · 09-12-2009, 11:37 AM

Wow, talk about incentive.

wrek · 10-08-2009, 01:10 PM

What about the $500 rebate? If someone signs the rebate offer, waiving the 60 day return offer, then they can no longer return the vehicle?

jrboyd_1980 · 10-08-2009, 01:14 PM

Thats what waiving the 60 day return policy would mean yes.

09-11-2009, 11:48 AM	#15
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,742	The warranty starts when the car is originally delivered. Now who gets screwed with the warranty? Does the warranty start over for the new buyer?? WTF?? New GM? __________________

09-11-2009, 11:56 AM	#17
Red Rocket Camaro Princess Drives: 2010 VR 2LT RS Join Date: Jul 2009 Location: Tri-Cities, WA Posts: 231	With all the unscrupulous dealers out there, they would still probably try to sell it at full msrp or higher to some unsuspecting sucker. __________________ No longer waiting.

09-11-2009, 12:02 PM	#20
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,742	This just in: Q: What are the details of the satisifaction guarantee? Will the program be complicated? A: Heres' a summary of the satisfaction guarantee: · Covers 2009 and 2010 Model Year Chevys, Buicks, GMCs and Cadillacs (except medium duty trucks) · Return a vehicle with less than 4000 miles between 31 and 60 days · Customers will be informed in writing before they buy the vehicle of the terms of the Satisfaction Guarantee · The Satisfaction Guarantee covers the vehicle purchase price and sales tax, but not other add-ons like accessories, negative equity on a trade-in or other fees; other restrictions apply · Leased vehicles are not included · Yes, this program is available to GM employees who purchase a vehicles using the employee discount More to follow on the late, local news! __________________

09-12-2009, 10:17 AM	#23
RPO_Z28 Drives: 2007 C6Z Join Date: Jan 2009 Location: RVC, New York Posts: 1,742	You do not have to buy a competitive vehicle to qualify. There are restrictions because it's guaranteed by an insurance company. As long as you don't damage it, abuse it or go over the miles, looks like you can return it, even for spite. __________________

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09-11-2009, 12:26 PM	#21
csadusky Drives: Blank Join Date: Apr 2009 Location: West Babylon Posts: 29	So I guess there is no fine print about having to buy a non GM car to get my money back after all hmmmm. Thanks for the clarification RPO_Z28

09-12-2009, 11:37 AM	#24
CamK18 Drives: 2010 1LT Vic Red Join Date: Oct 2008 Location: Cambridge, Ontario Posts: 159	Wow, talk about incentive.

10-08-2009, 01:10 PM	#25
wrek 2G1FK1EJ6-9 Drives: 2010 Camaro 2SS RS Transformer Join Date: Oct 2009 Location: Pompano Beach, FL Posts: 661 View My Garage	What about the $500 rebate? If someone signs the rebate offer, waiving the 60 day return offer, then they can no longer return the vehicle?

10-08-2009, 01:14 PM	#26
jrboyd_1980 A ***'s Headache Drives: Everything Join Date: Aug 2009 Location: Texas Posts: 2,167	Thats what waiving the 60 day return policy would mean yes.