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Anyone have experience purchasing a car with a “repurchase” title?
Posted on 6/21/24 at 8:46 pm
Posted on 6/21/24 at 8:46 pm
Been looking at some Tahoe's and there are two that have that designation. Apparently post Covid gm was buying back vehicles that they didn’t have parts to fix because of supply chain issues. They fix it when they get the part, then they sell it.
When you buy one from a dealer they give you a one year/12k mile warranty. Price is reduced by 8-12 thousand.
When you buy one from a dealer they give you a one year/12k mile warranty. Price is reduced by 8-12 thousand.
3
Posted on 6/22/24 at 4:06 pm to baobabtiger
quote:
Apparently post Covid gm was buying back vehicles that they didn’t have parts to fix because of supply chain issues. They fix it when they get the part, then they sell it.
That sounds like something a car salesman would say instead of it was a lemon and we were forced by law to buy it back
Posted on 6/22/24 at 9:17 pm to baobabtiger
I would definitely check the history
Posted on 6/22/24 at 9:26 pm to baobabtiger
Repurchase or reconstructed?
Mine has a reconstructed because it was previously totaled after a minor accident that did cosmetic damage only.
Mine has a reconstructed because it was previously totaled after a minor accident that did cosmetic damage only.
Posted on 6/23/24 at 11:44 am to Bestbank Tiger
quote:
Repurchase or reconstructed?
Mine has a reconstructed
In my state that’s referred to as a “salvage title”. There’s nothing wrong with getting a vehicle with a salvage title, as long as you’re aware that you may run into issues with insurance and future resale. A friend of mine from the track has bought sports cars that have been totaled and have salvage titles. But he doesn’t tag or insure them… only trailers them to the track and uses them for track and racing days. If/when he sells them, he’s just clear to the purchaser about the blemished title.
I know that the supply chain issues post-Covid created a LOT of inventory issues for the manufacturers. But I wasn’t aware of this “repurchase” titling. Can someone expand on this?
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