The Vehicle Value Protection Program is provided by ServicePlan, Inc.
Purchase
any eligible new 2008, 2009 or 2010 GM vehicle from a participating GM
dealer in the United States from April 1, 2009 through April 30, 2009.
Only Saab vehicles, medium duty and heavy duty trucks are excluded.
Vehicle Value Protection does not apply to leases or balloon payment financing.
Then,
make your loan payments for at least half of the original term. After
that, if you want to buy another GM vehicle, just compare your
principal loan balance (not including interest or any refunds on other
products/services that were part of your vehicle loan) to the NADA
clean retail price for your vehicle. If you owe more than the vehicle
is worth, Vehicle Value Protection will help make up the difference.
If
you trade your vehicle in to the dealer and pay off the loan, you can
recover the difference up to $5,000. If you sell your vehicle in a
private sale and pay off the loan, you can recover the difference up to
$2,500.
If your original vehicle loan was for more than 110% of the vehicle MSRP, Vehicle Value Protection won't cover the excess. Maximum Finance Term: Up to 72 months.
If you want to read all of the detailed terms and conditions of this program, simply click on the link on this page, which leads to a sample set of terms and conditions for the program.*
