Chevrolet Limits Warranties, Offering $5000 Reward
With 2023 Z06 Corvettes continuing to make their way to the streets, Chevrolet & GM are cracking down on those who are only in it to resell their new high demand vehicles. In an effort to deter C8 owners from flipping the new Z06 Chevrolet is offering a $5000 incentive to all who retain ownership of the vehicle for more than one year in addition to a 12 month warranty transferability restriction and indefinite ban from preordering of future GM vehicles.
For a limited time, My Chevrolet Rewards members can earn an additional 500,000 points — a $5,000 value — when they retain ownership of their vehicle for 12 months after purchase. Points can be redeemed on GM Financial Payments, Accessories, and more.
These moves certainly are drastic, and are designed to be exactly that. Chevrolet's primary concern is having vehicles resold at inflated prices by unauthorized individuals, a practice that often results in a purchasing experience that does not meet GM's quality standards. While there will always be those who slip through the deterrent's cracks, Chevrolet & GM are confident this move will be effective in policing issues that have plagued previous model releases, ensuring the best experience for their customers.
It's safe to say Chevrolet isn't messing around. When dealing with a lifestyle brand such as Corvette, it's important that the long time, loyal customers are taken care of and given the best ownership experience possible, not to mention lowered prices. It's clear Chevrolet wants to treat their customers right.
We want to know what you think! Does the incentive program excite you? Let us know your thoughts in the comments below!
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14 comments
I am going to order one
I don’t buy any this I ordered a 2013 gs no problem than I ordered a 2017 zo6 which glad I did. I still have both these car,GM decided go after the young buyers with the build of C8 and they succeed beyond their expectations, Now they got two problems young buyers with a lot money and no restraint and people like me help keep Corvette going can’t afford one because younger buyers and you can’t buy if you had the money because there’s nothing on the lot get in line nope I’m done….
If the $5,000 comes off the price then that would be a real incentive. The way they structured it is a joke. Like you have 60,000 points of Chevy rewards and they only allow you to use $250. They put a cap on how many points you can use. What a joke!!!!
How about controlling the premiums that are being put on all C8s by dealers? These range anywhere from $10,000 to $20,000! it’s a shame Chevelot allows dealers to do this!!!! I have a C7 right now, when into a dealer the other day. They had one there with the sticker on the car for $102,000. So I decided to buy it so they put all the paperwork together but when they gave it to me $20,000 had been added making $122,000. I got up and left!! Your worried about what a customers will do to prices yet you allow long time vette owners (I have had 3) to get screwed by your dealers!!!!!
Well GM/Chevrolet needs to police their dealerships also. When C8 came out it was supposed to be the accessible Corvette. Priced at $65K. WRONG!!!! Dealerships marked them up to skyrocket pricing. So if they can’t police themselves what makes you think the can police or threaten the consumer.