GM’s Anti-Flipping Rules For 2025 Corvette ZR1 Revealed
Like death and taxes, an inevitability of life are opportunistic speculators looking to make a quick buck when a highly anticipated sports car comes out. Flippers will get on the reserve list early and resell said vehicle for as much as double the price. It’s become common practice for OEMs to put restrictions in place to try to hinder resellers from putting a damper on the sales process.
According to a video from the Rick Corvette Conti YouTube channel (via GM Authority) General Motors is throwing down some strict rules in order to curb people from flipping the upcoming 2025 Chevrolet Corvette ZR1 for easy money. So, if that was your plan you may want to pay attention. In the video Conti reveals a “retention letter” that GM is sending out to E-Ray, Z06, and ZR1 buyers detailing when they can and can’t sell their vehicles and what the concequences are for those who break the rules.
Those who bought the E-Ray or Zo6 will need to hold on to their vehicles for a mininum of six months after delivery before transfering ownership. ZR1 buyers will need to wait a full year after delivery before offloading it for a premium. So, what happens to those who violate the rentention rules?
Well, it’s not exactly illegal for someone to sell property they own whenever they want, but that doesn’t mean General Motors will forgive and forget. Flippers who sell their ‘Vettes early may not be allowed to order “high-demand” models in the future for starters. A harsher penalty is that the bumper-to-bumper, powertrain, sheet metal, electric vehicle propulsion (E-Ray), and Tire & Accessory warranties will all be voided. Flipped E-Rays will still retain the battery pack warranty.
Voiding all of those warranties should serve as a pretty big deterant. After all, who wants to pay double or triple MSRP for a car that won’t even have factory coverage? There maybe a select few with deep pockets that will still take the risk but most likely will not.
How much do you think the 2025 Corvette ZR1 will go for on the open market? How many people do you think will break the retention agreement? Put your guesses in the comments or hit us up on Threads.