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Dealer buy back vehicles
Posted on 3/14/24 at 10:36 am
Posted on 3/14/24 at 10:36 am
Anyone have experience buying a dealer buy back vehicle? I’m looking at a few trucks that are dealer buy backs with low miles (~5k). They are still under the original factory warranty and why they were bought back is disclosed. Any downside to this?
14
Posted on 3/14/24 at 10:38 am to Dtiger19
quote:
why they were bought back is disclosed.
Are you sure? That would be my issue.
Posted on 3/14/24 at 10:40 am to Dtiger19
Are there lemon laws on slightly used vehicles?
Posted on 3/14/24 at 10:46 am to Dtiger19
Might be under warranty and the original owner was tired of having it in the shop all the time and gave up on it. I’d read details carefully.
Posted on 3/14/24 at 10:48 am to Dtiger19
quote:
why they were bought back is disclosed.
OK
quote:
Any downside to this?
Depends on what is disclosed.
Some of yall couldn't think your way out of a paper bag.
Posted on 3/14/24 at 10:48 am to Dtiger19
What brand of vehicle?
Posted on 3/14/24 at 11:00 am to Dtiger19
Stay away.
How many times have you brought a vehicle to a dealership and they either "can't find" the obvious issue or "fix it" and you're bringing it right back to them constantly for the same issue that was supposedly "fixed". It's happened to everyone.
You'd be insane for voluntarily joining that circus show.
How many times have you brought a vehicle to a dealership and they either "can't find" the obvious issue or "fix it" and you're bringing it right back to them constantly for the same issue that was supposedly "fixed". It's happened to everyone.
You'd be insane for voluntarily joining that circus show.
Posted on 3/14/24 at 11:10 am to Dtiger19
Its disclosed before he purchase. I recently sold a buy back truck with a new 6.2 engine. There was a specific time range where a certain robot wasnt spraying the metal shavings out and they were falling into the block. We bought it back, put a new engine in it and sold it.
Posted on 3/14/24 at 11:17 am to Dtiger19
quote:
Dealer buy back vehicles
they were bought back as lemons because law says they have to buy them back
then they sell them as used vehicles and lemon law no longer applies to them so the idiot buyers are stuck with them
the few others mixed in may be company lease vehicles, but 9 out of 10 you will have issues with any dealer buy back vehicle
Posted on 3/14/24 at 11:34 am to Dtiger19
Sometimes you can get lucky.
I bought a 2019 F150 with 7200 on it in Dec 2021. It's a 8 cylinder which Ford actually did pretty well making. I gave my friend who is a dealer in another state the VIN and not only did I probably save over 20k on it but I had a mechanic look at it and nothing was wrong.
I bought a 2019 F150 with 7200 on it in Dec 2021. It's a 8 cylinder which Ford actually did pretty well making. I gave my friend who is a dealer in another state the VIN and not only did I probably save over 20k on it but I had a mechanic look at it and nothing was wrong.
Posted on 3/14/24 at 11:39 am to Dtiger19
If the buyback is a "factory buyback" which means there was a problem under warranty and the MFR took it back, it will ,most likely have a branded title which affects the resale value and in many case a bank won't loan money on them. The problem is allegedly suppose be fixed before resale. Get a carfax or some other vehicle history report.
Sometime used car managers will buy these at auction 1000's of dollars under the value of a non-buyback and offer them to the public significantly cheaper than a similar model. It's supposed to be disclosed.
It's a crap shoot on reliability. I would stay away from them. It's not worth the risk unless you have money to take such gambles.
Sometime used car managers will buy these at auction 1000's of dollars under the value of a non-buyback and offer them to the public significantly cheaper than a similar model. It's supposed to be disclosed.
It's a crap shoot on reliability. I would stay away from them. It's not worth the risk unless you have money to take such gambles.
This post was edited on 3/14/24 at 11:42 am
Posted on 3/14/24 at 11:58 am to Dtiger19
I purchased a dealer buyback once. It was a 4 Runner returned because after purchase the buyers wife insisted on leather and it had a cloth interior. Apparently, the guy was a very good and consistent customer so the dealership bought the vehicle back from them and got them into one with leather. Had about 2,500 miles on it when I got it.
Outside of a very specific scenario like that, I'd be somewhat suspicious of the reasons why and look hard into the details. Also might be wise to make sure you have a solid warranty in place.
Outside of a very specific scenario like that, I'd be somewhat suspicious of the reasons why and look hard into the details. Also might be wise to make sure you have a solid warranty in place.
Posted on 3/14/24 at 1:12 pm to Dtiger19
Depends on the situation. I bought a lemon law Acura in MN 12 years ago and it's still a daily driver.
There's a very customer-friendly buyback law there - something like dealer gets 3 chances to fix an issue or has to buy it back. Apparently the "issue" was rattles in the dash.
It does have a title notation so I saved a bunch - I plan to keep it till the wheels fall off and didn't care about resale value. And for peace of mind there was over a year left on the mfr warranty (only warranty item I brought it in for was a squeaky clutch pedal).
The only things that have broken recently are things I don't need and certainly don't want pay to fix, like navigation and the hard disk drive for stored music (loaded with free music from public library CD's, in pre-spotify days).
YMMV.
There's a very customer-friendly buyback law there - something like dealer gets 3 chances to fix an issue or has to buy it back. Apparently the "issue" was rattles in the dash.
It does have a title notation so I saved a bunch - I plan to keep it till the wheels fall off and didn't care about resale value. And for peace of mind there was over a year left on the mfr warranty (only warranty item I brought it in for was a squeaky clutch pedal).
The only things that have broken recently are things I don't need and certainly don't want pay to fix, like navigation and the hard disk drive for stored music (loaded with free music from public library CD's, in pre-spotify days).
YMMV.
Posted on 3/14/24 at 3:23 pm to Dtiger19
I worked at Toyota dealer for many years, very common to buy from the rental fleet (they have to stay in fleet for 5-9 months, some exceptions). But if this is the case (with certified warranty), then its best way to buy a ‘new’ toyota in my opinion, saves money with little use & extended factory warranty really
Posted on 3/14/24 at 4:03 pm to Dtiger19
There are not only mechanical reasons. I got my mother a great deal on a Lincoln Towncar with 2000 miles on it once because an old man bought it and his children made him return it. They said the dealer took advantage of him and they bought the car back. Got it for over 15,000 dollars off the sticker price back in the 90's, because it was actually a used car now. Loaded with options and ran great for well over 12 years.
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