I was reading this article today at http://www.financialpost.com/story.html?id=1984235 which talks about how the car manufacturer GM is offering consumers a 60 day money back guarantee. Essentially, you can buy and use the car for 60 days where if you are unsatisfied with it you can return it for a full refund. It almost sounds more like a consumer electronic purchase.
Hereâ€™s the thing though. While reading more into this deal it appears that if you inflict $200 worth of damages to the car you will not be entitled to get your money back. As the article mentions, even something such as a little scratch can technically be that $200 worth or damage.
To me, these kinds of guarantees are kind of dubious I think. You almost have to just leave it in the garage to semi guarantee that you would still qualify to return it if you donâ€™t like the vehicle. Basically, the guarantee isnâ€™t really practical. Maybe if it was something like you can return it except you would have to pay for the damages would be a little more consumer sensible.
Of course, that would make it more prone for abuse where one can essentially lease a car for free for 60 days. With that, I personally donâ€™t see how this promotion helps in anyway if the goal was to increase car sales.