BY esmina martins

GM to Drop Warranties If a Car is Sold Within a Year of Purchase

GM to Drop Warranties If a Car is Sold Within a Year of Purchase

GM recently released a statement in which they've vowed to take action against reselling of... 

General Motors/Google

NEWLY RELEASED CARS

They even offered $5000 reward points to those who keep their car for at least a year to prevent flipping.

Corvette Z06/Google

but what is car flipping

?

Car flipping is the act of buying a car with the primary intention of selling it off for a higher price...

General Motors/Google

By taking advantage of low-production and high demand

The upcoming Corvette Z06 is in danger of being car flipped due to it's demand...

Corvette Z06/Google

Steps have now been taken to prevent the transfer of ownership within the first 12 months of purchase

Corvette Z06/Google

In addition, if someone flips a car, the flipper will not be allowed to place anymore orders with GM.

General Motors/Google