Why the Short Honeymoon?
General Motors Co.'s decision to offer a 60-day, money-back guarantee on new cars raises the question of why buyers would want to return their cars after a brief ownership. There are all kinds of reasons for such short honeymoons, according to LeaseTrader.com, which helps consumers seeking early lease terminations. Financial issues and product dissatisfaction may be two of the big reasons why a person
October 1, 2009
General Motors Co.'s decision to offer a 60-day, money-back guarantee on new cars raises the question of why buyers would want to return their cars after a brief ownership.
There are all kinds of reasons for such short honeymoons, according to LeaseTrader.com, which helps consumers seeking early lease terminations.
Financial issues and product dissatisfaction may be two of the big reasons why a person would want out so soon, but there are others.
LeaseTrader offers the most common reasons it hears from people wanting an early lease termination. The top five, making up 65% of such customer situations, are:
Divorce/breakup.
Death.
Health.
Relocation.
Family growth.
Here are 15 reasons (some not particularly compelling) that make up the remaining 35% of those decision:
Deployed to military.
Lost income/job.
Gas prices.
Dissatisfaction.
Disability.
New company-issued car.
Child went off to college.
Car safety.
Retirement.
Environmental.
Parking too expensive.
Public transportation.
Weather.
Social pressure.
Feature upgrade.
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