New Vehicle Warranty Commitment Program
#1
New Vehicle Warranty Commitment Program
GM remains committed to our 3 Year/36,000 or 4 Year/50,000* mile new vehicle Bumper to Bumper limited warranty, as well as our industry exclusive 5 year/100,000** mile, fully transferable powertrain limited warranty with no fees or deductibles. Now, as announced on March 30, 2009, the U.S. Treasury Department is providing an important back-stop to our coverage. Specifically, the U.S. Treasury Department has introduced an innovative new program to give consumers who are considering purchasing a new GM vehicle the confidence their warranty will be protected. As announced by President Obama on March 30, the Administration is confident that GM will emerge as a stronger, more competitive company, and is committed to working with us to make this happen. This important announcement means your warranty is safe – PERIOD. What does the program mean for consumers?
If you buy or lease a new GM vehicle during our restructuring period you will be eligible for the warranty protection.
You do not have to do anything to participate in the government’s warranty back-stop program. It is automatic.
The U.S. Treasury will work with GM to implement its program to safeguard your warranty.
*Buick, Cadillac, Hummer, Saab **excludes Saab
If you buy or lease a new GM vehicle during our restructuring period you will be eligible for the warranty protection.
You do not have to do anything to participate in the government’s warranty back-stop program. It is automatic.
The U.S. Treasury will work with GM to implement its program to safeguard your warranty.
*Buick, Cadillac, Hummer, Saab **excludes Saab
#2
arent they trying to do something with the resale also? i heard they were trying to protect the resale and trade in. what can they do for this? just make the price higher to try to keep the value up longer? this is what they would need to get the leasing companies back in.
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