MANUFACTURER REACQUIRED VEHICLES
There is an additional category of what General Motors now includes in their buyback program. There are restrictions, but GM has now gone above and beyond replacing a new customers satisfaction standard in addition to the Lemon Law.
1) What is the Lemon Law?
The State of Ohio (different in each state), defines the lemon car as a new vehicle that has a single problem or series of problems that is covered by warranty. 3 repair attempts for the same defect. 8 total repair attempts, 1 attempt to repair serious or out of service 30 or more calendar days. Sometimes vehicles may be bought back strictly for customer satisfaction issues with no inherent defects.
2) Are These Vehicles eligible for bank financing?
Yes, and recently banks allow customers to apply for financing. Each individual bank has their own approval process.
3) Does the warranty remain?
General Motors places a 12 month/12,000 mile warranty on the entire vehicle. In addition, the remaining factory warranty may well extend coverage even further.
4) Does the dealer disclose the issue of the buyback?
Yes, information is disclosed as to why the vehicle was bought back. Sometimes the information the dealer is given is limited.
5) How do I know if one of your vehicles is repurchased?
The dealership makes every effort to disclose the repurchased vehicle in the online listing description as well as on the lot. At the time of delivery 100%of customers buying these vehicles will sign and review paperwork.
6) What are some benefits to buying a repurchased vehicle?
For some customers, there are additional benefits to purchasing a vehicle that has been bought back. In many cases, the fully warranted vehicle is sold at a discounted price and could save the customer hundreds of dollars.