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Job-loss protection: GM Total Confidence and the best deals
Apr 24, 2009 8:28 AM

GM.wheel.logo Addressing reservations from prospective car buyers, it seems like General Motors drew inspiration from Hyundai (Read about the Hyundai Assurance Plus program) in creating its own job-loss protection plan. Building on the core tenants of the Hyundai program, GM has given the plan its own spin. Beyond market challenges facing all automakers, General Motors faces challenges in public perception and confidence due to its struggles.

To better understand the benefits from GM Total Confidence, Consumer Reports Auto Price Services has taken a close look at this program and identified best deals on eligible models.

To qualify as one of our “Best Deals,” the vehicle has to be a Consumer Reports Recommended model. To earn our recommendation, vehicles must have performed well in our tests, have average or better reliability, and, if crash-tested, provide good overall crash protection based on our composite of insurance-industry and government crash tests. Vehicles also must not have tipped up in the government rollover test or, if not tested, must have available electronic stability control.

The GM Total Confidence program runs through April 30th and will cover payments of up to $500 a month for nine months if you lose your job for economic reasons. Eligibility is limited to those customers who have been employed for at least 30 hours per week for 90 days after the purchase and for 12 consecutive weeks prior to your first day of unemployment. The program does not apply to seasonal workers, the self-employed, retirees or those receiving a severance package.

Other benefits of the GM Total Confidence program include:

  • During the first two years of ownership, GM will protect the retail value of the vehicle at trade-in time if the outstanding principal loan is more than the NADA Clean Retail Value.
  • GM vehicles will be backed by a five-year/100,000-mile powertrain warranty with roadside assistance and alternate transportation should your vehicle break down.

    Here’s a look at GM’s Best Deals:

    Model
    MSRP
    Invoice price
    Rebate expiration
    Bottom Line Price
    Potential savings below MSRP
    Cadillac DTS 5 Pass. Luxury Collection
    $49,730
    $46,746
    4/30/2009
    10%+
    Chevrolet Avalanche 4WD Avalanche LT1
    39,380
    36,427
    4/30/2009
    15%+
    Chevrolet Malibu 1LT
    22,505
    21,267
    4/30/2009
    15%+
    Chevrolet Malibu LTZ
    26,880
    25,402
    4/30/2009
    15%+
    Chevrolet Silverado 1LT 4X4 Crew Cab
    34,295
    31,723
    4/30/2009
    15%+
    GMC Sierra 4WD Crew Cab SLT SWB
    41,855
    38,716
    4/30/2009
    15%+
    Pontiac Vibe 2.4L
    16,495
    15,588
    4/30/2009
    10%+
    Saturn Aura 3.6 XR
    27,250
    25,479
    4/30/2009
    15%+


    Remember to shop for the best vehicle that suits your needs, emphasizing Consumer Reports test scores, safety, reliability, and project owner costs. There are incentives now available on most vehicles; focus on getting a good deal on a great car, rather than a great deal on an average car.

    When you’re ready to buy, negotiate from position of strength, knowing the advertised customer rebates and hidden dealer incentives and holdbacks with the Consumer Reports Bottom Line Price.

    Learn about the Hyundai Assurance Plus program.

    —Michael Dempsey

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