Question Is it true 12 months and 12000 kil?

[Concour]

Is it true that you have to wait 12 months and 12000 kilometers to trade in your Corvette for another Corvette? (Excuse my poor English)

 

[DenisC8]

Is it true that you have to wait 12 months and 12000 kilometers to trade in your Corvette for another Corvette? (Excuse my poor English)

I believe its 12 month or 12,000km, but you don't have to wait, but you are risking being banned from buying another new GM vehicle if yours gets exported after you sell it/trade it in.

 

[Murray20c8]

I think it's just 12 months and only if it's exported to the US. but don't quote me! lol

 

[JOHNNY MAC]

Is it true that you have to wait 12 months and 12000 kilometers to trade in your Corvette for another Corvette? (Excuse my poor English)

The form we signed at the dealership was 6 months

 

[CamsC8]

I believe GM has changed the requirement to at least 6 months and less mileage...ask your dealership. If you are trading in on another C8 then you should be fine.

 

[KTJF]

I signed my paperwork yesterday and nowhere was a disclaimer regarding trade in or resale.

Now that I would but it wasn’t in fine print anywhere.

 

[CamsC8]

Yeah the dealer's don't make you sign something...it's just an underwritten rule that GM holds dealers to.

 

[Black 03 Z06]

Oh my. Just cannot imagine the couch time involved with professionals at being told I could never buy another GM product. The horror of it all.

 

[Murray20c8]

Some dealers put a lien on your car. Some make you sign a document and some do nothing at all.

 

[Concour]

So. …… nobody knows….. all different answers

 

[DenisC8]

So. …… nobody knows….. all different answers

just keep it for 12 months and you have nothing to worry about

 

[RC Mike]

I traded mine at 12 months and 13,000 km no issue and that was the deal I signed

 

[CamsC8]

I just sold mine at the 6 month point but 7k

 

[canadianvetster]

Seems to be a bit of a grey area even if the dealers.
It is all about the cars heading south into the USA.
if you sell and it stays in Canada…. I believe there Would not have any follow up issues.

 

[Thom]

Seems to be a bit of a grey area even if the dealers.
It is all about the cars heading south into the USA.
if you sell and it stays in Canada…. I believe there Would not have any follow up issues.

Correct

 

[Murray20c8]

Seems to be a bit of a grey area even if the dealers.
It is all about the cars heading south into the USA.
if you sell and it stays in Canada…. I believe there Would not have any follow up issues.

Ya, it's all because GM subsidizes the CDN cars and for U.S. citizens it's much cheaper to buy a CDN car than a U.S. car so GM doesn't like their subsidizing wasted.

 

[chrisk]

Just received my car and signed a paper stating that if I sold the car before 6 months or 12000km that I would be banned from purchasing another GM vehicle.

 

[Jack Raccoon!]

So. …… nobody knows….. all different answers

Really, for all things Corvette, just DM me...

 

[Cariboocreek]

My agreement was 12 months or 12k if exporting or selling to export. Sale staying in Canada is no issue.

 

[Movie Muscle]

Some dealers put a lien on your car. Some make you sign a document and some do nothing at all.

How can a dealer register a lien in a car that is paid for. That being used as a form or market control is illegal. You can sell as you please. It might hurt you ordering a new GM vehicle based on their policy but they cannot in effect stop you selling it. No agreement or contract can take away that right.