Does the customer have to trade-in his/her current GM vehicle to be eligible for the Vehicle Value Protection benefit?
No the customer can trade-in the vehicle or sell it to another party. The cap on the maximum benefit, however, is $2,500 on a private sale and $5,000 on a trade-in. For the customer to receive Vehicle Value Protection on his/her current vehicle after a private sale the customer would be required to pay off the loan on the vehicle and purchases a new Chevrolet, Pontiac, Buick, GMC, or Saturn vehicle within 7 days.
