Manufacturer Buyback

Person using opening the trunk of the 2021 Volkswagen Atlas with key fob
 

What is a Manufacturer Repurchase?

Manufacturer Repurchases are vehicles repurchased by the manufacturer due to an issue, defect, back-ordered replacement part or merely a complaint. In some instances, a goodwill repurchase can be processed merely for the satisfaction of a customer.
Some states have consumer-friendly laws that allow such buybacks to take place, even in situations where the vehicle has met manufacture standard specifications, and no problems exist. Another example, which mostly applies to imported vehicles, occurs when a back-ordered part needs to be shipped in from countries like Germany, under circumstances where the replacement part may take an extended period of time to arrive, which often results in the vehicle being repurchased by the manufacturer. In other instances, we have found that consumers take advantage of the laws by using them in their favor to get a higher payout than what they might get by trading in the vehicle at a dealership.

What If There’s an Issue With a Vehicle?

In the event that an actual problem is found when a vehicle is repurchased, the manufacturer is held responsible for making any necessary repairs prior to the resale of the vehicle. The vehicles continue to carry the remaining balance of the factory warranty coverage which remains fully intact, unlike salvaged or rebuilt vehicles where the factory warranty is void. It is common practice for vehicles that have been repurchased to have documents that specify the reason for the repurchase. These documents will often include disclosure statements to acknowledge the next owner of the vehicle’s specific past concern and detail any repairs that have been made. Repurchased vehicles will often carry a brand on the title that reflects it as a Manufacturer Buyback or Lemon Law Buyback in accordance with the state’s applicable laws. A history report from Carfax will indicate the same details as the title.

Our view on the repurchased vehicles we offer for sale:

For many years, our customers have seen great value in the repurchased vehicles we offer, and we strongly believe these vehicles to be an excellent value to all our future customers. Keep in mind, all of our vehicles are covered under warranty. We would strongly urge anyone who would like to buy a high-quality vehicle at thousands of dollars in savings to consider a Manufacture Repurchase with the same confidence that we have in them.

 

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