Thursday, May 7, 2009
General Motors announced last week that by 2010, they would close the Pontiac division. KAKE has received a lot of emails from Pontiac owners asking, “What will happen to my warranty, parts and resale value once Pontiac bites the dust?” Good question.
Pontiac was introduced by General Motors in 1926. The long-running line of cars that gave us cars such as the GTO, the Bonneville and the Fiero will be put to rest sometime next year as a victim of the economic crisis.
What will happen to those who have purchased a new Pontiac, or those who are leasing one?
According to Sean Parsons, the sales manager at Scholfield Pontiac, Buick, GMC, Pontiac customers should rest easy because parts will continue to be produced. Also, warranties and leases will still be honored.
The final models of the Pontiac will be the 2010 Solstice, Vibe and G3 and there will still be Pontiacs on car lots – just not new ones.
The big unknown lies in the resale value. Sean doesn’t think it’ll take a big hit. He compared this situation to the elimination of the Oldsmobile, whose cars still have value on the used market and whose parts are still readily available.
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