Comments on: Don’t be Fooled by GM and Other Readings

By: Andrea

Andrea — Sat, 07 Nov 2009 16:32:03 +0000

And? Hoorah on the FICO thing. I’m of the same mind, especially as some companies are adding annual fees to cards that people haven’t used in a while. If you close the account, you risk lowering your FICO score, but if you keep it open because you think that long term relationship is going to help your score, you have to pay a fee? It’s absurd, but they know people are so caught up in their score that they’ll pay it.

By: Andrea

Andrea — Sat, 07 Nov 2009 16:25:34 +0000

Thanks, TML, for the link.

Re: the rebate … back in January I tore apart the Hyundai return plan over on my blog. I’m not sure if it’s still in place (I’m not buying a car until mine quite literally falls apart, so I’m not shopping), and the upshot was similar – it’s a very expensive insurance policy, basically.

And re: it being cheaper than a rental, I would imagine if I went and tore apart the plan details on this as well, it wouldn’t be that simple. In fact … I think I’ll go do that right now.

By: kitty

kitty — Tue, 27 Oct 2009 03:46:36 +0000

@cjbr549 – good point about it being cheaper then rental. So if someone needs to rent a car for 2 months e.g. totalled one’s car or just wants to spend a couple of months driving around the US, here it is. Hope people who need a car rental for that long would figure it out…. Too bad GM doesn’t give an option of less time: e.g. if you only want to “test drive” for 2 weeks, you’d pay $125 (this is a bit more expensive). Maybe you could bargain: “I need to test drive this car for 2 weeks”.

By: MasterPo

MasterPo — Tue, 27 Oct 2009 03:18:31 +0000

IMO the only thing Government Motors has going for it is some very good financing options, like zero-interest for 60 even 72 month loans!

Other than that, I wouldn’t touch a GM car.

By: cjbr549

cjbr549 — Mon, 26 Oct 2009 23:00:58 +0000

Wow, 500 to drive a cars wheels off for 60 days? That’s way less than depreciation. When people figure this out, GM will have to kill this program quickly, or face bankruptcy again. The golden rule of promotions is never give away anything more valuable than the product your trying to sell. 500 dollars for 60 days of driving is way less than renting a car for that amount of time, so unless they have some sort of hook in there to prevent people from just abusing the car for 2 months and returning it, it will happen. Good luck with that promotion, GM.

By: Evan

Evan — Mon, 26 Oct 2009 03:54:47 +0000

I keep seeing those commercials. I am just waiting for the class action suit against deceptive advertising and fraud when the dealers refuse to take the car back!

By: MasterPo

MasterPo — Mon, 26 Oct 2009 03:21:37 +0000

I wouldn’t buy a Government Motors car if it was the last auto on Earth!!!

I’d probably get a Toyota or Hyundai.