Here, at Drive A Dream, we take great pride in the vehicles that we offer for sale, and we work hard to provide you with the highest quality vehicles while still achieving the best value that your money can buy in the pre-owned vehicle market.
Our relentless pursuit to bring you the best value that a pre-owned vehicle can offer has led us to specialize in vehicles that are manufacture buybacks.
What is a Manufacture Buyback?
Buyback vehicles are most commonly known as vehicles repurchased by the manufacturer due to an issue, defect, back-ordered replacement part or merely a complaint.
In some instances, a goodwill buyback 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.
In the event that an actual problem is found when a vehicle is bought back, the manufacturer is held responsible for making any necessary repairs prior to the resale of the vehicle. Manufacturers often repurchase these vehicles from their owners under the "Lemon Law." 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. As a matter of fact, most vehicles that are bought back also carry an additional 1-year limited warranty on concerns relating to the buyback even if the original factory warranty has expired. It is common practice for vehicles that have been bought back to have documents that specify the reason for the buyback. 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. Buyback 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 buyback vehicles we offer for sale:
For many years, our customers have seen great value in the buyback vehicles we offer, and we strongly believe these vehicles to be an excellent value to all our future customers. We recommend and offer all our customers an opportunity to have their vehicle of choice inspected prior to purchase. Keep in mind, the majority of our vehicles are covered under warranty.
We stand behind the vehicles we sell and would even be willing to purchase our vehicles back from our customers even if they decide they don't want to purchase their next vehicle from us. We would strongly urge anyone who would like to buy a high-quality vehicle at thousands of dollars in savings to consider a Manufacture Buyback with the same confidence that we have in them.