What Is A Buyback
MANUFACTURER BUYBACK
At Bill Luke we want to serve our customers to the best of our ability. Part of this mission includes offering the largest selection possible. *Chrysler Jeep Dodge Ram buyback vehicles also come with a one year unlimited mile warranty!* We offer 5 different kinds of vehicles: New, Used, Certified Pre-Owned, Lease, and Buybacks. Buybacks are a great option that many of our customers have questions about. Thousands of our customers purchase Buyback vehicles every year.
Is a buyback vehicle a defective vehicle?
It is true that oftentimes a buyback vehicle is bought back due to previous issues, however, that’s not the only case. Vehicles are often repurchased as a gesture of goodwill to maintain a valued relationship with a loyal customer. In other instances, parts may not have been available in a timely manner to fix a minor problem and the customer may ask the manufacturer buy back the vehicle.
How do I know the vehicle is fixed?
When a repurchase is necessary, the manufacturer doesn’t want to risk its reputation by failing to address the problem responsible for the buyback. Take comfort knowing that any repurchased vehicle is thoroughly inspected to ensure that the original problem has been corrected and that the vehicle is in premium condition before it is back on the market.
Does the manufacturer of a buyback just want to get rid of the car?
Manufacturers value their reputation as a maker of vehicles people want own. That being said, the manufacturer is going to be sure that the repurchased vehicle meets all requirements for performance before it is back on the market to ensure their reputation is upheld.
Will a manufacturer buyback show up on my vehicles title?
Not every state is required to note on the vehicle’s title if it was once repurchased. It will vary from state to state.
Is it harder to resell a buyback vehicle?
It is not harder to resell a Buyback vehicle, however, when/if you do decide to sell or trade-in your repurchased vehicle, you will receive a discounted price just as you received the benefit of a discounted price when you purchased the vehicle.
Are buybacks safe?
Yes, manufacturer buybacks are safe. Since being bought back, the vehicle has been fixed (if needed) and inspected to make sure that it complies with all safety standards.