General Motors Penalizes Corvette, Hummer, And Escalade V Flippers By Cancelling The Vehicle's Warranty | Carscoops carscoops
and how they’ll add stipulations saying that certain cars can’t be resold for a certain period after the initial purchase. What we haven’t seen is a new move from General Motors where they’re planning to cancel warranty coverage on desirable vehicles that trade hands within the first 12 months of ownership.
First spotted on Twitter, a letter from General Motors North American president, Steve Carlisle, went out to GM dealers recently addressing the practice of vehicle flipping. We’ve already seen a number of high-profile vehicles like the Hummer EV trade hands at prices far above their original MSRP.
The gist is that certain warranties of the car will NOT be transferrable if the vehicle is resold within the first 12 months of ownership. Now that's 🔥🔥🔥🔥!
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