[ Auto ] Chevy Will Pay You Not to Flip Your Corvette Z06

[-ShylOo]

                                                       

                                         It was just last week that we learned the 2023 Chevrolet Corvette Z06 will start at $106,395 (in coupe form) and $113,895 (for the convertible),

                                                        and GM is already actively worried about owners flipping their new cars after delivery for way over sticker price.

                                                              In an apparent effort to discourage the practice, Chevrolet is offering Z06 owners up to $5,000 worth of

                                                                     "points" through the company's owner rewards program, though it likely won't be enough.

                                                                                                                        According to CorvetteBlogger.com,

    an email from Chevrolet was sent out Friday afternoon teasing the financial incentive for owners who keep their new C8-generation Corvette Z06 for a full year after the date of purchase.

            For an unspecified limited amount of time, Z06 owners who are My Chevrolet Rewards members can earn up to 500,000 additional points if they keep their car for 12 months,

                                                                                                                          which is said to be valued at around $5,000.

                                                                                       So what does that $5,000 buy you? According to the Chevrolet Rewards website,

                                                          owners will be able to spend those 500,000 points on payments for services like OnStar and other connected plans,

                                   as well as pay for service visits at the dealership, or for additional vehicle parts and accessories. It's unclear when or if the points expire at any point.

                                         CorvetteBlogger reported that the rewards could be tied to a non-transferable vehicle warranty, but that turned out to be a false rumor.

                                                 At such a relatively low value, Chevy's incentive seems unlikely to prevent most people who want to flip their Z06 from doing so.

                                            Why would take the rewards points, which can pretty much only be used to get something like a Chevy hat or an oil change,

                                                                          versus flipping the car for potentially tens of thousands of actual dollars in profit? In that light,

                                                                                                      instead of viewing the rewards points as an effort of preventing flippers

 , it's better labeled as additional value added to the Z06 for customers who actually bought the car to drive it, as it probably won't do much against some disinterested money-grabbing flipper.

                                                                                                    https://www.motortrend.com/news/chevy-corvette-z06-flip-reward-points/

 

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Edited July 25, 2022 by -ShylOo