Buyers of high-demand GM products beware: If you sell it off fast, they will cut the warranty.
If they keep the cars for at least a year, GM will offer them $5,000 in reward points.
Many automakers have attempted to curb the re-selling of their latest hot products by asking owners not to, either via warnings or legal documents. GM will take it one step further where new owners of their hottest vehicles if caught selling off their latest acquisitions, will no longer be able to order a new car.
For someone with their names on a new 2023 Chevrolet Corvette Z06 or Cadillac Escalade V for example, this means they need to think twice about selling within 12 months of taking delivery especially if they are considering a future purchase from the General.
For the next acquirer, the deal is just as bad. The “new” car will go without certain warranties as it’s transferred to the new owner.
A GM spokesperson told The Drive: “This will help prioritize ownership by our top brand enthusiasts and most loyal customers.”
The thing with limiting certain warranties is that the new second-hand owners of a Z06, Slade V, or other such models who will be paying well in excess of $100,000 for the vehicles, are unlikely to be troubled by $2,500 repairs…
Deliveries of both these vehicles are set to begin in the near future.
