Definitions:Throughout this Agreement, You and Your refer to the Buyer. GM, We, Us, and Our refer to General Motors Company. In addition, when in bold certain words and phrases are defined as follows:
Buyer means the top line signer listed on the Retail Installment Sale Contract or other financing document. If the vehicle purchase is not financed, the Buyer is the registered and titled owner of the vehicle as of the Delivery Date.
Administrator means cynoSure Financial, Inc. You may contact the Administrator if You have questions regarding this Agreement or would like to return Your Eligible Vehicle. The Administrator can be reached by phone at 1-888-778-9043 or mail at PO Box 7691, St. Clair Shores, MI 48080.
Agreement Period means a period of sixty (60) days which starts on the Delivery Date of Your Eligible Vehicle.
Delivery Date means the date You take possession of Your Eligible Vehicle.
Eligible Vehicle means a new 2009 or 2010 model year Chevrolet, Buick, GMC or Cadillac motor vehicle (excluding medium duty vehicles) that is purchased from a Participating Dealership located in the United States. Saab, Saturn, Hummer and Pontiac motor vehicles are not eligible and thus, are not Eligible Vehicles.
Participating Dealership means a motor vehicle dealership located in the United States that (1) is authorized in writing by GM (or one of its subsidiaries) to advertise for sale and sell new GM motor vehicles, and (2) has elected to participate in the GM 60 Day Satisfaction Guarantee program; and
Buyback Price means the actual price you paid to the Participating Dealer for the Eligible Vehicle itself (after any rebates, discounts, employee discounts, or supplier discounts) plus applicable sales taxes you actually paid. For vehicles purchased under the terms of the GM New Vehicle Purchase Program (GMS) or the GM Supplier Vehicle Purchase Program (GSU), the Buyback Price is the GMS or GSU price listed on the Customer-Dealer Agreement Sheet (after any rebates or incentives), plus sales taxes You actually paid. Vehicles purchased under the GM Company Owned Vehicle Purchase Program are not eligible. Nothing else is included in the Buyback Price. The Buyback Price does not include the costs of any taxes (other than sales taxes), licensing, titling or registration fees, insurance, dealer installed accessories, aftermarket products or add-on equipment (other than factory options ordered with the vehicle), dealer fees of any kind, ancillary products including without limitation extended warranties or service contracts, finance charges, any negative equity (the amount by which a loan on a trade-in vehicle exceeds the dealer’s purchase price for the trade-in) or any other expenses incurred by the Buyer in relation to taking delivery of the Eligible Vehicle. The Buyback price cannot exceed the Manufacturer’s Suggested Retail Price (”MSRP”) of the vehicle plus sales tax.
Back to TopIn Order for You to Qualify for the Repurchase of Your Vehicle:In order for You to qualify for the repurchase of Your Eligible Vehicle:
The Eligible Vehicle must be a new 2009 or 2010 model. You have purchased an Eligible Vehicle and taken Delivery between September 14, 2009 and November 30, 2009. You must be able to deliver to the Participating Dealership a clean and unencumbered title to the Eligible Vehicle, which title has remained in Your name since the Delivery Date of the Eligible Vehicle. You must be an individual natural person who is the title owner of the Eligible Vehicle. Businesses, corporations and partnerships do not qualify. Your Eligible Vehicle’s odometer must not have more than 4,000 miles since the Delivery Date. Your Eligible Vehicle must have been registered and insured in the Buyer’s name since the Delivery Date. Your Eligible Vehicle must have no more than $200 of damage as determined by GM or GM’s agent. Such damage may include, without limitation, internal or external scratches, scrapes, dents, odors, rips, burns, etc. Your Eligible Vehicle may not be leased. Your Eligible Vehicle must have been returned to a Participating Dealership where You purchased it, in the same working order as it was on the Delivery Date. Your Eligible Vehicle must not have incurred damage or non-warranted repairs in excess of $200, regardless of whether such damage has been repaired. Your Eligible Vehicle must not have been subject to any liens or other security interests other than a lien for the original financing used to purchase the Eligible Vehicle. A minimum of thirty (30) days must have passed since the Delivery Date of Your Eligible Vehicle. Only one Eligible Vehicle may be returned per household. Your Eligible Vehicle must pass a purchase inspection conducted by GM or GM’s agent. Back to TopBenefit(s):Provided You have qualified as specified in this Agreement, the Participating Dealership will pay You the Buyback Price for Your Eligible Vehicle if it is returned to the original selling Participating Dealership between day thirty-one (31) of the Delivery Date and day sixty (60) of the Delivery Date. If day sixty (60) falls on a holiday, Saturday, or Sunday, then the Eligible Vehicle may be returned on the next business day.