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GM Shocks Industry, Offers 60-Day Money Back Guarantee

GM Money Back GuaranteeDisappointed in the car you recently purchased? No problem if you happen to buy a GM vehicle.

From September 14th through November 30th, GM is offering a 60-day no questions asked, money-back guarantee on new cars - the first of its kind for the American auto market. It's all part of the company's recent "May the Best Car Win" campaign to give its sagging sales a much needed boost.

Under the plan, customers may return any 2009 or 2010 Chevy, Buick, Cadillac, or GMC model between 31 and 60 days following the purchase.

Naturally, there are some restrictions:

GM is taking drastic measures to regain customers, and with a 35% sales decline compared to last year, it's no wonder.

Of course, this is good news for auto shoppers. For a limited time, GM buyers won't have to worry about risking their money on a purchase that may turn out to be a mistake.

In other countries where a money-back guarantee program has been attempted, about 2% of all purchases were returned. And in case you're wondering about taxes, you will be fully refunded on all taxes upon returning the 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

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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.

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