--- description: General Motors is offering a $500 discount on new or leased cars for the owners of the 1.6 million vehicles the company recalled last month. The announcement comes as federal investigators begin looking into the ignition-related recall linked to 13 deaths title: GM Offering $500 Discount to Owners of Recalled Vehicles image: https://static.time.com/v3/assets/bltea6093859af6183b/blt53697cd479a198b6/6986853506f2c11eab32dd73/2014-02-26t141745z_889856113_gm1e63303-1.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [General Motors](/tag/general-motors/) ## General Motors Update your preferences in [Account Settings](/account/preferences/) Close # GM Offering $500 to Owners of Recalled Vehicles by [Maya Rhodan](/author/maya-rhodan/) ## Maya Rhodan Update your preferences in [Account Settings](/account/preferences/) Close Mar 12, 2014 6:19 PM CUT  The 2005 Chevrolet Cobalt SS is displayed on the floor of the North American International Auto Show in Detroit Michigan, in this file photograph taken January 5, 2004. The 2005 Chevrolet Cobalt SS is displayed on the floor of the North American International Auto Show in Detroit Michigan, in this file photograph taken January 5, 2004.Gregory Shamus—Reuters by [Maya Rhodan](/author/maya-rhodan/) ## Maya Rhodan Update your preferences in [Account Settings](/account/preferences/) Close Mar 12, 2014 6:19 PM CUT General Motors is offering $500 [discounts](http://online.wsj.com/news/articles/SB10001424052702304914904579435171004763740?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304914904579435171004763740.html "undefined") for owners of the 1.6 million vehicles the company recalled in February. Instead of repurchasing the vehicles, the company is offering to reduce the price of new or leased GM cars. The _Detroit News_ [reports](http://www.detroitnews.com/article/20140312/AUTO0103/303120064/0/7daysarchives&archivedate=20131127/GM-offer-owners-recalled-vehicles-500-off-new-purchase "undefined") the company will also pay for owners’ towing services, rental, or loaner cars to dealerships. In a March 4 letter to dealers GM [said](http://www.detroitnews.com/article/20140312/AUTO0103/303120064/0/7daysarchives&archivedate=20131127/GM-offer-owners-recalled-vehicles-500-off-new-purchase "undefined"), “To assist dealers in helping customers who are involved in this recall that request assistance, we are announcing a special cash allowance in the amount $500 available when these customers purchase or lease a new 2013/2014/2015 model year Chevrolet, Buick, GMC or Cadillac.” The 2005-7 Chevy Colbalt, 2007 Pontiac G5, and 2003-2006 Saturn Ion are among the models that were [recalled](http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2014/Feb/0225-ion.html "undefined") in February due to a faulty ignition switch that moves the key unintentionally. The _Detroit Free Press_ [reports](http://www.freep.com/article/20140312/BUSINESS0101/303120110/GM-General-Motors-recall-ignition-switch-cash-rebate-NHTSA-auto "undefined") the company will also reimburse the cost of previous repairs to ignition switches, though replaced switches are not exempt from the recall. The announcement comes on the heels of [federal investigations](http://ti.me/1ftxQXg "undefined") into the company’s recall, which they are alleged to have known about for a decade. The National Highway Traffic Safety Administration and the House Committee on Energy and Commerce are examining the company’s response to ignition complaints. The Department of Justice is also investigating the ignition issue, which is reportedly linked to 30 accidents and 13 deaths. \[[_Detroit News_](http://www.detroitnews.com/article/20140312/AUTO0103/303120064/0/auto01/GM-offer-owners-recalled-vehicles-500-off-new-purchase "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/21905/gm-offering-500-to-owners-of-recalled-vehicles/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/21905/gm-offering-500-to-owners-of-recalled-vehicles/"},"headline":"GM Offering $500 to Owners of Recalled Vehicles","datePublished":"2014-03-12T18:19:04.000Z","dateModified":"2026-02-21T06:43:53.466Z","description":"General Motors is offering a $500 discount on new or leased cars for the owners of the 1.6 million vehicles the company recalled last month. 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