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Z06 Flipping

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Old 12-09-2023, 03:04 AM
  #21  
smithers
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All the states report vehicle title transfer to a system that is operated by the federal government. It's called NMVTIS. All those vehicle history report websites use this database for at least part of their data. It's entirely plausible that the manufacturers can access it too.
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Old 12-09-2023, 05:36 AM
  #22  
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@alekscpi interesting what if analysis/discussion.
It appears you already have a '23 vette so perhaps monitor CF For Sale section, BaT, AutoTrader, Cars.com, eBay, etc. to nab your Z06.
There are more & more out there with fully GM warranty intact so you can fully consummate the sale.
Unless of course, you're getting a screamin' deal (at or below MSRP) on the one you're eyeing right now.
For sure it's your time & money so hope all works out & post some photos of you new beast once you get it.
Old 12-09-2023, 06:13 AM
  #23  
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Originally Posted by BearZ06
Figure out a way to delay the purchase, no warranty could become a very regrettable situation. Don't count on GM not knowing or not finding out.
Well stated
Old 12-09-2023, 06:13 AM
  #24  
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Originally Posted by 2007yellow430
If I’m Chevy, I’d think twice about voiding the warranty. Once the warranty is gone, if there is trouble, you’ve got common law rights. The term suitable for intended purpose comes to mind. Common law recovery will easily exceed the warranty. Chevy is counting on people not knowing their rights.

Art
GM has more Lawyer's than you can afford to fight! No "Lawyer For Injured People" dealing with fake whiplash will take that case! If the buyer signs that they will not sell in 6 months have to fight that. GM can bring that up thru the Courts in whatever State- and will! Don't you think they researched it before implementing?

Just like I sign I will not sell my Vettes overseas in the not so fine print in my sales agreement! Have a specific case where it caused a delay in me being able to order a Mercedes! The Mercedes dealer was blocked from ordering cars because a car he sold two days later was on a ship in Charleston SC going to Taiwan!

Take a while to get thru the courts while dealer will not service as they won't be reimbursed!

Last edited by JerryU; 12-09-2023 at 07:06 AM.
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Old 12-09-2023, 07:36 AM
  #25  
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I would imagine GM is not actively checking every Z06 to see if it should void the warranty just like with modifications to a vehicle it doesn’t become a problem until it’s a problem. Only certain major warranty claims need to be cleared by GM. So I’m sure if you bring the car in for something minor like panel adjustment it would be fine. But let’s say your engine or trans blows the dealership cannot authorize the repair unless GM approves so in those cases they may or may not check to see if the car had a warranty violation (no different then they would check to see if the car has been modified as a way to get out of the claim).
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Old 12-09-2023, 07:53 AM
  #26  
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^^^^
GM doesn't have to check anything! The dealer has to put the VIN Number in before doing any warranty service. It shows the Owner. Not sure how BUT if Kelly Blue Book, Autotrader, Black Book indicates you can put in VIN number of a car being checked for value OR the Plate Number assume the State database is readily available. I know the police check the plate number before they get out of a car to give you a ticket etc. (That is what many states say can't have any portion of a plate number or letter including any part of the State Name covered. In SC that gets you a $150 ticket!)

It's the Dealer doing the service that will not get reimbursed so for the Z06 and expect might be an E-Ray where they have to check if the car is less than 6 months old.
Old 12-09-2023, 08:34 AM
  #27  
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The original buyer of the ZO6 signed an agreement understanding the warranty would be voided if the car was sold within 6 months.

Posted here are a bunch of suggested work arounds that may work. However each scenario comes with a level of risk. Risk of voided warranty. DMV Fraud etc.

IMO the only scenario that works is to enter into an agreement to purchase the car at the end of the 6 month period. Give the guy a deposit and he stores the car until the deal is finalized in 6 months.

Lots of people will say go for it, GM will never know etc. GM can’t enforce it and stuff like that.

Do you want to take that chance if you do have a warranty issue and the dealer says sorry the warranty is void? Then what. Get a lawyer and fight General Motors?

Do you feel lucky?
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Old 12-09-2023, 08:49 AM
  #28  
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Originally Posted by 2007yellow430
If I’m Chevy, I’d think twice about voiding the warranty. Once the warranty is gone, if there is trouble, you’ve got common law rights. The term suitable for intended purpose comes to mind. Common law recovery will easily exceed the warranty. Chevy is counting on people not knowing their rights.

Art
GM voids warranties for multiple reasons every year on a number of different vehicles. As one of the worlds largest companies with their own legal department and staff, one would assume they know more than some internet theory!
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Old 12-09-2023, 08:52 AM
  #29  
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You're in Illinois and if you sit on a title for months without registering it, there will be a tax penalty also to consider. It's a small window to buy a car and register it.
Old 12-09-2023, 08:54 AM
  #30  
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GM knows every time the vehicle title changes. They have to keep this information in order to track the vehicle for potential recalls. This information is available to them from the State DMV's and is computerized so as to change the ownership within their system. It is really not a mystery or earth shaking and has been going on for decades.
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Old 12-09-2023, 09:18 AM
  #31  
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There are people who simply turn in their plates and store the car for a year. They take off the insurance and put the car away. No one in the industry knows where the car is and what was done with it. The state and insurance do not track it. So if the title is not signed and submitted for a title change no one knows. So the key is the title. Until it is submitted the original owner still owns the car. If he signs the title and does not date it no one knows when the car was sold/transferred.
Old 12-09-2023, 09:20 AM
  #32  
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You’re wrong. Plenty here would take that case. Especially if it turned into a class action. Whether you realize it or not, generally plaintiff’s lawyers are usually better than defense lawyers, I was a plaintiffs lawyer for 50 years. Now retired.

Art
Old 12-09-2023, 09:34 AM
  #33  
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Originally Posted by 2007yellow430
You’re wrong. Plenty here would take that case. Especially if it turned into a class action. Whether you realize it or not, generally plaintiff’s lawyers are usually better than defense lawyers, I was a plaintiffs lawyer for 50 years. Now retired.

Art
And how many times did you litigate over a voided warranty and win?
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Old 12-09-2023, 09:34 AM
  #34  
Samuel Clemens
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You are assuming the seller will be okay with you leaving him as the registered lawful owner of the car. In Missouri I notified the DMV of the car sale when I sold the car and had to report how much I sold it for. The dealers put info in to a database that is reported to Carfax. I’m pretty sure they have access to the database. Hasn’t Ferrari and Lamborghini been doing this for years? I feel like you are going to dig yourself in to a hole with a new iteration of a car that is bound to have new model issues. Let us know how that works out for you. Sam
Old 12-09-2023, 09:49 AM
  #35  
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Originally Posted by JALLEN4
And how many times did you litigate over a voided warranty and win?
not this exact question. But close. Early in my career. Express warranty supersedes common law. That’s why it is used. Voiding it, by its very nature resurrected the common law remedies. Many years ago had a case where they claimed the express warranty sup-ceded the common law. Case involved motorcycles.

Art

Old 12-09-2023, 09:51 AM
  #36  
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Surprised no one has asked the logistics of how Chevy will monitor and enforce. It’s almost as if someone said sky is green and everyone just took it for green. Very interesting there aren’t many second buyers on here complaining about loosing warranty. It’s almost like Chevy isn’t yanking the warranty and just saying they will.


Originally Posted by c5goodlife
@alekscpi interesting what if analysis/discussion.
It appears you already have a '23 vette so perhaps monitor CF For Sale section, BaT, AutoTrader, Cars.com, eBay, etc. to nab your Z06.
There are more & more out there with fully GM warranty intact so you can fully consummate the sale.
Unless of course, you're getting a screamin' deal (at or below MSRP) on the one you're eyeing right now.
For sure it's your time & money so hope all works out & post some photos of you new beast once you get it.
Old 12-09-2023, 09:53 AM
  #37  
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Thanks for answering about zero of my questions above. Gold star for your opinion.

Originally Posted by Samuel Clemens
You are assuming the seller will be okay with you leaving him as the registered lawful owner of the car. In Missouri I notified the DMV of the car sale when I sold the car and had to report how much I sold it for. The dealers put info in to a database that is reported to Carfax. I’m pretty sure they have access to the database. Hasn’t Ferrari and Lamborghini been doing this for years? I feel like you are going to dig yourself in to a hole with a new iteration of a car that is bound to have new model issues. Let us know how that works out for you. Sam

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Old 12-09-2023, 09:56 AM
  #38  
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It’s automated for every z06 they get notification at 6 months hey this had a title change and at that point Chevy puts it in black list? what about title changing from person to business? Or from husband to wife or to remove two people from title to only one? Those aren’t sales per say and not flipping but would have title update and how would Chevy know the purpose of the change?


Originally Posted by JALLEN4
GM knows every time the vehicle title changes. They have to keep this information in order to track the vehicle for potential recalls. This information is available to them from the State DMV's and is computerized so as to change the ownership within their system. It is really not a mystery or earth shaking and has been going on for decades.
Old 12-09-2023, 09:57 AM
  #39  
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Originally Posted by Samuel Clemens
You are assuming the seller will be okay with you leaving him as the registered lawful owner of the car. In Missouri I notified the DMV of the car sale when I sold the car and had to report how much I sold it for. The dealers put info in to a database that is reported to Carfax. I’m pretty sure they have access to the database. Hasn’t Ferrari and Lamborghini been doing this for years? I feel like you are going to dig yourself in to a hole with a new iteration of a car that is bound to have new model issues. Let us know how that works out for you. Sam
Ferrari has you sign an agreement to resell the car to them if sold within a specified time period. Totally different.

Art
Old 12-09-2023, 10:09 AM
  #40  
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#1 As a buyer I would not buy a car and leave it titled in the seller's name.
#2 As a seller I would not let the buyer keep the car in my name. Liability.
#3 I would not give a seller a substantial deposit and wait 5 or 6 months to complete the purchase
#4 It's not worth the risk of having the warranty voided or having to fight GM about whether the 6 month restriction is legal. Even if you did manage to win It would cost you a ton in lawyer fees and the car would sit for months or years without being repaired.

Bottom line, in reality, is if you care about the warranty play by the rules. If you aren't concerned about the warranty go for it.
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