Automakers again SCREWING the public? (Factory Warranty Related)

[1Kona_Venom]

First off, gonna page @13COBRA, since he is a subject matter expert.

I had a discussion with a Chevy/GMC rep today while hanging out. (I know, I know)
According to them when the dealer sells a new car, the buyer, must acknowledge that if they private sale the car, that they are selling the car knowing that the factory warranty wil not transfer after the buyer, (2nd owner), in a private sale, takes delivery and buys the car.

**This policy was established 2 days ago by Chevy/GMC hiarchy**


It was explained to me that this is the manufacturers way of curtailing someone buying a $85k Cadillac CTS-V and than than turning right around and selling it for private sale and profit at say, $95k.

In essence what it does, is keeps the consumer hog tied to the dealership and explore trade in options with the dealer because they wont be able to sell private party because the factory warranty is now void under private sale actions.

Is this true or just some sham shit being run down here in Georgia? WTF?

 

[oldstv]

I bought a CTSV used from Chicago and the warranty transferred to me and I am in Georgia. Now that was a couple of years ago but still..

 

[1Kona_Venom]

I bought a CTSV used from Chicago and the warranty transferred to me and I am in Georgia. Now that was a couple of years ago but still..

2 days ago this went into effect......apparently

Sent from my SM-G975U using the svtperformance.com mobile app

 

[oldstv]

Haven't heard anything about this. If it is true it will be a game changer for many.

SUX!!!

 

[IA Shelby]

i heard this was being applied to the new zo6 to discourage flipping. I thought if it was resold in the first year.

 

[Rb0891]

2 days ago this went into effect......apparently

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There was a story on this in another thread. Apparently applies to 3 or 4 high demand vehicles. Assume it’s legal standing is up for debate in certain states.

 

[13COBRA]

First off, gonna page @13COBRA, since he is a subject matter expert.

I had a discussion with a Chevy/GMC rep today while hanging out. (I know, I know)
According to them when the dealer sells a new car, the buyer, must acknowledge that if they private sale the car, that they are selling the car knowing that the factory warranty wil not transfer after the buyer, (2nd owner), in a private sale, takes delivery and buys the car.

**This policy was established 2 days ago by Chevy/GMC hiarchy**


It was explained to me that this is the manufacturers way of curtailing someone buying a $85k Cadillac CTS-V and than than turning right around and selling it for private sale and profit at say, $95k.

In essence what it does, is keeps the consumer hog tied to the dealership and explore trade in options with the dealer because they wont be able to sell private party because the factory warranty is now void under private sale actions.

Is this true or just some sham shit being run down here in Georgia? WTF?

Only applies to very limited vehicles.

Only applies if sold within the first year.

 

[1Kona_Venom]

Only applies to very limited vehicles.

Only applies if sold within the first year.

Sorry I had to page you from your afternoon nap. We have talked, Im sticking with a "safe purchase" moving forward.

Thanks Nick

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[13COBRA]

Sorry I had to page you from your afternoon nap. We have talked, Im sticking with a "safe purchase" moving forward.

Thanks Nick

Sent from my SM-G975U using the svtperformance.com mobile app

Haha no nap here! I've been swamped all day today.

 

[SolarYellow]

Hmmm. Private seller flipping a vehicle for a profit is bad but when a dealership ads on an ADM to a vehicle all is well, government motors?

 

[13COBRA]

Hmmm. Private seller flipping a vehicle for a profit is bad but when a dealership ads on an ADM to a vehicle all is well, government motors?

No.

Chevrolet, Ford, Stellantis, etc are cracking down on that as well.

 

[SolarYellow]

No as in it's bad or no as in it's good?

 

[13COBRA]

No as in it's bad or no as in it's good?

No as in it's not ok, and it's a good thing it's getting cracked down on.

 

[SolarYellow]

Most of us have seen or heard what Farley has said but I'll believe it when I see it. When you find a dealership who takes care of you, stick with 'em.

 

[13COBRA]

Most of us have seen or heard what Farley has said but I'll believe it when I see it. When you find a dealership who takes care of you, stick with 'em.

Stop looking and just reach out to me

 

[Uncle Meat]

GM Will Void Warranty on 2023 Corvette Z06 Models Flipped Within 12 Months of Purchase - CorvetteForum

Aside from receiving a financial reward, 2023 Corvette Z06 flippers will also be punished in more ways than one.

www.corvetteforum.com

 

[Blk04L]

GM should also void allocations to dealers who charge a high ADM.

 

[13COBRA]

GM should also void allocations to dealers who charge a high ADM.

They do.

 

[jaxbusa]

Do that many people private sale cars so new they’re still under warranty?


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[carrrnuttt]

No as in it's not ok, and it's a good thing it's getting cracked down on.

Yep.

This ensures that these types of cars are going to the enthusiasts, and not the jackasses who buy up the inventory (and the whole market) so that they can name their price against the enthusiasts.