Comments on: Does GMs Total Confidence Plan Give you the Confidence to Buy a GM?

By: Cheap Car Insurance Guy

Cheap Car Insurance Guy — Mon, 17 May 2010 20:27:52 +0000

I agree with Al. My wife and I both have Honda cars. We recently bought a Honda Civic. We never once thought about buying a GM car.

By: Tempe AZ CPA

Tempe AZ CPA — Fri, 01 Jan 2010 02:46:06 +0000

Not a chance…

Even though I think that GM has made great strides over the years in quality, with all the issues they are facing I wouldn’t even consider it. How could I justify buying a car from a company that is basically owned by the government?

By: Kathleen Blake

Kathleen Blake — Sat, 21 Nov 2009 15:05:54 +0000

Al, I see you are a proud American

By: Pete Loans

Pete Loans — Tue, 10 Nov 2009 20:32:26 +0000

Oh well this is not really a practical idea to buy GM in time of crisis.

By: emosuoni

emosuoni — Sun, 01 Nov 2009 07:09:43 +0000

thanks for share. i can learn much more

By: Al

Al — Tue, 28 Jul 2009 15:18:09 +0000

No way! I’ll never buy an American vehicle again.

I own three Honda vehicles (a ‘91 Civic, and ‘03 Element, and a ‘96 Magna) and I have spent absolutely nothing on after warranty repairs for any of them. There’s no comparison to the $10,000 or so I spend on after warranty for my 3 Pontiac vehicles prior. It’s funny a friend of mine has an American made Big Dog motorcycle that’s 10 years newer then my Honda Magna and he’s already spent about $5,000 more then I on after warranty repairs.

American vehicles may have been top notch in the 60s and 70s but they’ve been in decline ever since. I guess that’s what you get when you put more money and effort into paying employee benefits (overtime after only 30 hours, and 80% layoff pay to name a few) then you do into the reliability of the vehicle you’re producing.

By: Do You Dave Ramsey?

Do You Dave Ramsey? — Wed, 15 Apr 2009 02:43:19 +0000

Hell no!

The car companies are GOING BROKE and they are offering ASSURANCE PROGRAMS?!?!

So broke people are telling me to FINANCE a new car. Really? Is anyone really this stupid? Should anyone take their personal finance advice from an industry on the brink of collapse and poised to brink a national economy with it?

Ah, I think I’ll pass… unfortunately too many folks remain challenged enough to think it’s a good idea.

By: G.E. Miller

G.E. Miller — Tue, 14 Apr 2009 00:25:24 +0000

@ Tom – yeah, I guess if you’re not working, you don’t have to do much commuting anyways. You could cancel your insurance, and never have the car leave the driveway, while GM pays the bills on it. =)

@ Stephanie – Agreed.

By: stephanie

stephanie — Tue, 07 Apr 2009 04:41:50 +0000

How about a “No, I have a perfectly fine car already” reply?

My 2002 Ford Escort still runs great and I plan to keep it for another 100,000 miles or so . . . .

That is, unless I get rid of my car when I move to Chicago, in which case I won’t be replacing it with another car! I’ll be using public transportation (or, heaven forbid, my own two feet!) instead.

By: tom

tom — Mon, 06 Apr 2009 19:39:11 +0000

They probably do need to make better cars.

But if the government backs it up, aren’t we all essentially paying for it? So one way or the other, it is still coming back to us.

If i said let them fail, well that idea just won’t do the greatest good. I mean sure the crap clears out but how about the industries that are affected by it and the many employees.

That payment protection kind of sucks because its not guaranteed to be available for you and you don’t know if its 500 or less.

And realistically, you will be paying a few hundred dollars each month for the car plus another few hundred for insurance.
So if you lose your job, you are screwed either way.