GM Payment Protection Plan

835 Views 3 Replies 4 Participants Last post by PAO, Apr 10, 2009

mmbklynfx

Discussion Starter · Apr 5, 2009

Has anyone seen/known about this. It appears Gm is offering their version of a Hyundai Assurance Plan. From what I read they will pay up to 9 months if you lose your job (max $500 a month). Here's the link with more info >>

http://www.gm.com/total-confidence/payment-protection/?brandId=ld&src=unk

Save

1 - 4 of 4 Posts

T DOG

· #2 · Apr 10, 2009

I just saw this. Since I bought my new CTS less than a month ago, I'm gonna see if they will honor it on my recent purchase.

Save

roxnadz

· #3 · Apr 10, 2009

I read the fine print and apparently if you receive a severance package of any kind, GM will not honor it.

From http://www.gm.com/total-confidence/terms/?brandId=gm&src=gm_com&evar24=GMdotcom_hompage_image

D. What is Not Covered Under This Agreement:

This Agreement does not apply to and will not provide payment if:

• You are receiving termination or severance pay;

This counts me out immediately, and is among other things which invalidate the plan. Be sure to read over the fine print before considering payment protection.

Save

PAO

· #4 · Apr 10, 2009

and GM still isnt competing with Ford...theirs is longer for for a larger payment...

Save

1 - 4 of 4 Posts

This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.

Top Contributors this Month