It means that the car was most likely repurchased from the original buyer as a result of a "lemon law", or some other major problem with the car that required the manufacturer to refund the money.There is a dealer on Ebay who seems to have the following on the majority of the cars listed "have a manufacturer buyback in the vehicle history, but it has a clean regular Arizona title." Not sure what it means
In the case of the RX-8 I think they offered 3 years of free maintenance or buyback. I'm not sure what happened to all the cars that got bought back but it would probably have been a steal to pick one up considering there was no real problem (except the engine giving crappy power and being a gas guzzler )if the problems were fixed and the car was highly discounted, would it still be a good deal, as far as the buyback program goes?
not used to buying this way just curious
In some states, the "exceed the number of repair attempts" only counts for safety related items (brakes, air bags, suspension, engine, etc.) - things like a cigar lighter wouldn't count.My understanding of the "lemon law" in Pennsylvania is that it comes into play if the vehicle has a problem which can't be resolved after three repair attempts by the dealer. Technically, this could involve something as simple as the cigarette lighter being inop. Depending on the circumstances with the vehicle in question, it could be the opportunity to acquire it at a good price but then again.....:shrug:
What will become of these? Hopefully parted out and not put on the market.On another forum someone in So Florida mentioned that they brokered a deal where Lotus leased 150 cars to Enterprise and then after a year Lotus would have the right to buy the cars back at a predetermined price.
About 5 months ago, a friend went to the local Enterprise that used to have Lotus for rent and was told that over half the cars were damaged and Lotus did not exercise the option to buy them back and there are a bunch of sitting at Enterprise Headquarters in Coral Springs or Coral Gables.
What will become of these? Hopefully parted out and not put on the market.