One year restriction on selling

[DenisC8]

I don't quite agree with your statement. At the time of pickup you have a contract with GM to purchase the vehicle ordered through that dealership. That contract is binding. Reneging at that point would be a breach of contract and you could be liable for any potential costs and/or the total cost of the vehicle. While most dealerships would let you off the hook do not think that you are not legally liable at that point. You are. So blaming the lien is highly unlikely to work as it is not against the law to do so in Ontario. Bad business yes, against the law nope.

Yes, there is a demand for C8s in Canada. But the number of cars for sale has increased month over month for the past year. As for making a profit selling your brand new C8 these days I do not see the profit margin after MSRP, Luxury tax and HST. I have been tracking the Car guru listing price for my car since I purchased it in Sept. While it once was 130K plus the latest value is only 120K. No profit there. And yes, I know this is not an absolute value, it is indicative of the selling data that they keep across Canada so it does reflect the market trend.
Can you get out of it....yes. But making money, that is less likely. Therefore, the need for a lien is now questionable. And that was my only point there.

Nothing can be added to a signed contract after the fact including a lien unless both parties agree to void previous contract and sign a new one.

Anyway, I thank you for sharing with us your experience, it will be very good to know for future buyers as it can be a dealbreaker for many

 

[Murray20c8]

I don't quite agree with your statement. At the time of pickup you have a contract with GM to purchase the vehicle ordered through that dealership. That contract is binding. Reneging at that point would be a breach of contract and you could be liable for any potential costs and/or the total cost of the vehicle. While most dealerships would let you off the hook do not think that you are not legally liable at that point. You are. So blaming the lien is highly unlikely to work as it is not against the law to do so in Ontario. Bad business yes, against the law nope.

The purchase agreement is between you and the dealer NOT GM!
The agreement can be cancelled by mutual agreement.
The purchaser can not walk away without possible retribution, but with the C8 the dealer could easily sell it for more than MSRP so they can agree to cancel the agreement. They can sell the vehicle for less and hold you responsible.

 

[Cariboocreek]

Is anyone positive it's an actual lien against the vehicle. Unlike lots of the above posters, I am not a lawyer but I have dealt with numerous interests in property and lands throughout my actual work years and I would think it would be much simpler for the dealers to file a Caveat as opposed to a lien. Would be listed on the title identifying only an interest in the property but would still require the caveat holder to be contacted by the registrar prior to a title change. JMO

A caveat is an interesting twist but my experience tells me that a caveat can only be placed against real property. A vehicle is not real property….legally.

I am not a lawyer but I did stay at a Holiday Inn last week.

http://www.servicealberta.ca/pdf/ltmanual/cav-1.pdf

 

[Murray20c8]

Nothing can be added to a signed contract after the fact including a lien unless both parties agree to void previous contract and sign a new one.

Anyway, I thank you for sharing with us your experience, it will be very good to know for future buyers as it can be a dealbreaker for many

Every car I've ever owned they do a new purchase agreement when you go to pick up the car. Likely for several reasons. One of which could be to add a lien. I guess one could refuse to sign a new agreement and likely should if they suspect a lien is in the mix.
I just noticed that my original purchase agreement didn't state fuel and the one when I picked up the car did. 2 different documents. hmmm. A strategy employed by dealers??

 

[Aim2022HTC]

Mine was phantom lease agreement of 6 months/12,000km. I thought it was a either/or (ie 6 months or 12,000km which ever came first), so was a bit put back when I emailed at 6 months to ask for removal to be told that it was both. Not overly fussed about it, as the C8 is my summer daily driver so should get to 12,000kms early next summer. Would have been much more fussed about it if I was the type of owner that didn't put that many km's on the car.

 

[korenb]

I am not a lawyer, but I can provide some general information on this topic. The legality of restrictions placed by a dealer on your ability to sell a vehicle can vary by jurisdiction and the specific terms outlined in your bill of sale. In many cases, dealers may include clauses in contracts that restrict the resale of a vehicle for a certain period. However, the enforceability of such restrictions can be subject to local laws and regulations.

To determine whether this restriction is legal in your specific case, you should consult with a legal professional or attorney who is knowledgeable about the laws in your jurisdiction. They can review the terms of your contract and advise you on whether the restriction is enforceable or if there are any applicable consumer protection laws in your area that might impact it. It's important to have legal advice to your specific situation to understand your rights and obligations.

 

[DenisC8]

I am not a lawyer, but I can provide some general information on this topic. The legality of restrictions placed by a dealer on your ability to sell a vehicle can vary by jurisdiction and the specific terms outlined in your bill of sale. In many cases, dealers may include clauses in contracts that restrict the resale of a vehicle for a certain period. However, the enforceability of such restrictions can be subject to local laws and regulations.

To determine whether this restriction is legal in your specific case, you should consult with a legal professional or attorney who is knowledgeable about the laws in your jurisdiction. They can review the terms of your contract and advise you on whether the restriction is enforceable or if there are any applicable consumer protection laws in your area that might impact it. It's important to have legal advice to your specific situation to understand your rights and obligations.

So you are not a lawyer, but your legal opinion is that people should consult a real lawyer on a thread that has been inactive since Feb? You are not the only one who can use google and copy/paste…

 

[Thom]

@korenb I see you have just today joined the forum and made your first post. Welcome! You will find a wealth of information, humour, sarcasm and even some insults here, but all in good humour. (Well, mostly all... )

 

[Murray20c8]

@korenb I see you have just today joined the forum and made your first post.

Maybe the last! @korenb welcome. @DenisC8 should have added a smiley at the end. Welcome and thanks for your input.

 

[DenisC8]

Maybe the last! @korenb welcome. @DenisC8 should have added a smiley at the end. Welcome and thanks for your input.

 

[1st Vette]

yes its legal to ask, and you can refuse to buy the vehicle if you don't agree. Its been said by few people/dealers that if you sell your C8 before 1 year is up GM can potentially blacklist you from buying future GM vehicles.

there has been reports of dealers placing $1 leans on C8s for 1 year to prevent resale

I read somewhere that GM would also not allow the transfer of the warranty in some cases. May have been regarding the Z06 . Can’t quite remember.

 

[1st Vette]

I am not a lawyer, but I can provide some general information on this topic. The legality of restrictions placed by a dealer on your ability to sell a vehicle can vary by jurisdiction and the specific terms outlined in your bill of sale. In many cases, dealers may include clauses in contracts that restrict the resale of a vehicle for a certain period. However, the enforceability of such restrictions can be subject to local laws and regulations.

To determine whether this restriction is legal in your specific case, you should consult with a legal professional or attorney who is knowledgeable about the laws in your jurisdiction. They can review the terms of your contract and advise you on whether the restriction is enforceable or if there are any applicable consumer protection laws in your area that might impact it. It's important to have legal advice to your specific situation to understand your rights and obligations.

Welcome. And you may not be but you sound like a lawyer! Lol .

 

[1st Vette]

A caveat is an interesting twist but my experience tells me that a caveat can only be placed against real property. A vehicle is not real property….legally.

I am not a lawyer but I did stay at a Holiday Inn last week.

http://www.servicealberta.ca/pdf/ltmanual/cav-1.pdf

Not necessarily.

 

[MKC8]

Is this about people "flipping" cars, domestically or back to the USA for profit? All 4 pages worth? Oh my.

 

[aznjasonn]

Aznjasonn, these are some pretty significant allegations towards both General Motors and the C8 membership of this forum and how the Corvette C8 is marketed both in the United States and Canada.

Please provide links to your statement(s) so we can determine their validity.

 

[1st Vette]

Gm hates Americans and view us as a cash cows to milk. That's why they give Canadians massive discounts. The myth that corvette loses money making stock corvettes is a massive marketing lie because otherwise they wouldn't be giving Canadians massive exchange rate discounts.

Gm is also bailing out of us production soon too... they got mad at American labor and union costs. But props to gm for being the first middle class supercar ever made that isn't a porsch 911.

You obviously haven’t done the math.

 

[Jack Raccoon!]

"GM hates Americans and view us as a cash cows to milk. That's why they give Canadians massive discounts."

I believe the opening statement at GM's shareholders meeting was "Lets keep screwing the 96% to provide a better experience for the 4% who say "please, thank you and I'm sorry" on a daily basis...

 

[Jack Raccoon!]

"GM hates Americans and view us as a cash cows to milk. That's why they give Canadians massive discounts."

I believe the opening statement at GM's shareholders meeting was "Lets keep screwing the 96% to provide a better experience for the 4% who say "please, thank you and I'm sorry" on a daily basis...

"I'm sorry", I should not be rude to the new dude. "Please" accept my apology. "Thank you"...

See, it's easy...

 

[Murray20c8]

"GM hates Americans and view us as a cash cows to milk. That's why they give Canadians massive discounts."

I believe the opening statement at GM's shareholders meeting was "Lets keep screwing the 96% to provide a better experience for the 4% who say "please, thank you and I'm sorry" on a daily basis...

Ontario is GM's 5th (4th?) largest market, so it's really a North American market and shouldn't be distinguished across the borders like that IMO

 

[1st Vette]

Ontario is GM's 5th (4th?) largest market, so it's really a North American market and shouldn't be distinguished across the borders like that IMO

Agreed. If one were to do the math I referred to by pricing on both GM USA and GM Canada and allow for the currency exchange you have little more left than bus fare after the 24’ 12 grand increase.