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My Buyback Is Listed For Sale


BlueBlackLabel

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  • ice-capades changed the title to My Buyback Is Listed For Sale
1 hour ago, BlueBlackLabel said:

In Charlotte - and you can't tell it's a buyback unless you look at the carfax.  Also the carfax is vague about the repair attempts for the seat issue - I think that is the servicing dealer's fault.

 

https://capitalfordcharlotte.com/vehicles/2019-lincoln-navigator-l-black-label-l21431-5lmjj3tt9kel21431

 

Years ago, any time a Dealer was involved with a "Buy Back" situation on a customer's vehicle that was being reacquired by Ford, the vehicle went back to Ford. Ford inspected and then repaired the vehicle through one of its associated dealership repair facilities. After the repair was confirmed to resolve the issue that had caused Ford to reacquire the vehicle, the vehicle was then sent to auction for sale at one of the Ford sponsored auctions closed to Ford Dealers. Each reacquired vehicle was conspicuously labeled as a "Ford Reacquired Vehicle" with an additional label detailing the specific issues that had been repaired. In addition, the Dealer that purchased the vehicle for resale was required to provide complete disclosure to the customer that purchased the vehicle.

 

I haven't been involved in that part of the business for many years now, so perhaps Ford now allows dealerships to purchase the reacquired vehicles rather than them being sent to Ford auctions for sale, similar to how dealerships can purchase their own customers' lease vehicles that are turned in at lease end.   

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