GM 60-day money-back guarantee?

[CamaroScotty]

Originally Posted by camaro1

how do the details of this work,, if the car is sold then returned it is now a used car,, who takes the loss??

GM

And it's sold as a buyback.

[coolman]

what's to keep someone from buying one to joyride for two months and send it back. I could see alot of problems for gm with this one. Is their some cars that are not in on this? Like the corvette. My buddy said he would go get a Z06 drive it two months and take it back. Did they think of this kind of problem?

[BLUEMARO]

Originally Posted by coolman

what's to keep someone from buying one to joyride for two months and send it back. I could see alot of problems for gm with this one. Is their some cars that are not in on this? Like the corvette. My buddy said he would go get a Z06 drive it two months and take it back. Did they think of this kind of problem?

Probably that he would be on the hook for the sales tax.

[coolman]

Originally Posted by BLUEMARO

Probably that he would be on the hook for the sales tax.

Well, if it's like anything else you return to the store, you get the sales tax back.

[coolman]

I just thought of something else. What happens if you traded a car in and the dealer already sold your old car?

[dursin]

Originally Posted by coolman

Well, if it's like anything else you return to the store, you get the sales tax back.

"The Buyback Price does not include the costs of any taxes (other than sales taxes), licensing, titling or registration fees, insurance, dealer installed accessories, aftermarket products or add-on equipment (other than factory options ordered with the vehicle), dealer fees of any kind, ancillary products including without limitation extended warranties or service contracts, finance charges, any negative equity (the amount by which a loan on a trade-in vehicle exceeds the dealer’s purchase price for the trade-in) or any other expenses incurred by the Buyer in relation to taking delivery of the Eligible Vehicle. The Buyback price cannot exceed the Manufacturer's Suggested Retail Price ("MSRP") of the vehicle plus sales tax."

So...could still be costly if you go in with the intention of returning the vehicle. The 'dealer fee' alone is typically around $500 and is printed right on the contract when you purchase a vehicle so it technically can't be removed. When you do successfully negotiate the removal of the dealer fee, they always just apply the dealer fee as a discount on the price of the car so should you return it, you won't be getting that part back now.

[coolman]

Originally Posted by dursin

"The Buyback Price does not include the costs of any taxes (other than sales taxes), licensing, titling or registration fees, insurance, dealer installed accessories, aftermarket products or add-on equipment (other than factory options ordered with the vehicle), dealer fees of any kind, ancillary products including without limitation extended warranties or service contracts, finance charges, any negative equity (the amount by which a loan on a trade-in vehicle exceeds the dealer’s purchase price for the trade-in) or any other expenses incurred by the Buyer in relation to taking delivery of the Eligible Vehicle. The Buyback price cannot exceed the Manufacturer's Suggested Retail Price ("MSRP") of the vehicle plus sales tax."

So...could still be costly if you go in with the intention of returning the vehicle. The 'dealer fee' alone is typically around $500 and is printed right on the contract when you purchase a vehicle so it technically can't be removed. When you do successfully negotiate the removal of the dealer fee, they always just apply the dealer fee as a discount on the price of the car so should you return it, you won't be getting that part back now.

Well, thats good. That will make people think twice about doing what my bonehead friend said about doing

[CamaroScotty]

Originally Posted by coolman

I just thought of something else. What happens if you traded a car in and the dealer already sold your old car?

It's gone. So if you were upside down on your trade, you'll think twice about returning it - unless you plan on paying the difference.

[CamaroScotty]

In Wisconsin, within 60 days the sales tax is refundable. You would still have to pay 60 days of insurance, a state service fee, and license.