Quote:
Originally Posted by csadusky
Amazing to me the amount of information posted on these forums that is totally wrong. There is no fine print about having to buy a NON GM car to get your money back PERIOD.
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OK! I thought I was the only search-disabled dingbat who couldn't find this "fine print."
Here is what I found:
To get the money back, you must purchase the vehicle and keep it for AT LEAST 30 DAYS. If at anytime between 31 and 60 days you decide you don't like the vehicle, GM will purchase it back from you at sale price. You will lose any money spent on tax, tags, title, dealer fees, etc. If the car has any damage you will have to pay to have that repaired out-of-pocket as well. As far as I can find, there is NO requirement to buy another car from anyone.
If you have a trade-in it gets more complicated, because you have to actually purchase your trade-in back, so you lose another round of tax, tags, title, and fees as well as any markup the dealer may have placed on the vehicle (they DO own it after you sign the papers).
This is definately not a "gotcha" program designed to cheat or dupe anyone. I think this will bring more people into GM dealerships to at least shop GM, but I see a huge potential for some unscrupulous dealers to cheat people and give this program a bad rap.