About Real Car Tips
Profile Pic
Find the Best Car Deals Near You ⤵

GM Car Warranties Still Good Despite Bankruptcy

Unless you've been living under a rock, you've probably heard the news that GM filed for bankruptcy this week.

Many car buyers are now worried about whether GM will be able to provide warranty coverage.

The government has agreed to provide $361 million towards covering any GM warranties for cars purchased during the bankruptcy process. Chances are, if you buy a GM car and it breaks down, you won't have to worry about it.

The one thing you WILL have to worry about is a drop in resale values. It's likely the prices of late-model GM cars will drop (as happened with Chrysler after they declared bankruptcy).

Also, with GM in the process of terminating 2,000 dealers over the next couple of years, it may be more difficult to service your car locally. Just some things to keep in mind if you're thinking of buying a GM car.






3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...


(Absolutely NO SPAM, easy to unsubscribe)
×

About The Author

Gregg Fidan Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

Latest Weekly Car Buying Tips

June 2022

May 2022

I welcome your car buying questions. Email Me and I'll be glad to answer them!





Your Zip Code:
processing...