Z06 Mint Green Paint Not Covered Under Warranty

Last week, GM announced that it would auction off a one-of-one 2023 Corvette Z06 finished in an exclusive Minted Green exterior color, along with an associated NFT that enables the winning bidder to claim they "own" the one-of-one exterior color.

The fine print of the contest reveals an interesting detail about the new Mint Green exterior color for the 2023 Corvette Z06 that many readers may not have noticed when the auction was first announced. The rules indicate the vehicle will be "painted by a GM-authorized third party with the color Minted Green (RPO Code RFN)," and that "such paint job will not be covered by GM's New Vehicle Warranty," as a result. So while this is a factory GM exterior color with an RPO code, it's not backed by the automaker's factory warranty.

It's also worth noting that the winning bidder of the Corvette Z06 and the associated NFT do not actually "own" the Minted Green exterior color. As the fine print states, "GM agrees that it will not apply this Color to another production vehicle 2023 Corvette Z06," and "'Own the Color' in no way imparts, transfers or bestows any ownership rights or title to Minted Green, other than the agreement from Chevrolet stated above."

"The Successful Bidder acknowledges that 'Own the Color' is the title of the NFT/marketing campaign only and Successful Bidder has no rights pursuant to 'Own the Color,'" the fine print states.

This joint NFT and 2023 Corvette Z06 auction went live on June 20th and will end on June 24th. Bids must be placed in the Ethereum cryptocurrency and all proceeds from the sale will benefit DonorsChoose, a nonprofit organization that allows American public-school teachers to request and receive school supplies for everyday classroom work or special student projects. The prize vehicle comes equipped with the Z07 Performance Package and will be delivered to the customer through an official Chevrolet dealership of their choosing.

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Source: Sam McEachern - GM Authority

Posted 6/24/22