BBB Agreed to Buyback
Thread Starter
Instructor
Joined: May 2001
Posts: 115
Likes: 0
From: laguna hills CA
BBB Agreed to Buyback
I received the decision of the BBB arbitrator on my 2001 Z06 oil burner case & was awarded a buyback or a new 2002 Z06 for free. I want to thank everyone on the forum for their help & support. The arbitrator ruled the failed replacement rings & the repair history would reduce the value of my car & he ruled against GM being allowed to replace the engine. My wife & I are leaning towards doing the buyback, due to the GM area manager & the legal department putting us through this hearing & their refusal to do a trade-up after the new rings failed. The people I dealt with at Connell Chevrolet were great. I don't have to sign a confiedentiality agreement with GM, but the hearing arbitrator would not allow any evidence from other Corvette owners with oil consumption issues to be entered as evidence, because it wasn't directly involved in my case.
Bob
Bob
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Racer
Joined: May 2000
Posts: 405
Likes: 1
From: Dallas
Re: BBB Agreed to Buyback (qwikz06)
Congrats!
I got the same on my '98.
Drive it like you stole it until you turn it in! I had to do a cooldown lap around the block before turning mine in so the brakes and clutch did not smell so much, heh.
I got the same on my '98.
Drive it like you stole it until you turn it in! I had to do a cooldown lap around the block before turning mine in so the brakes and clutch did not smell so much, heh.
Le Mans Master
Joined: Apr 2001
Posts: 5,331
Likes: 39
Re: BBB Agreed to Buyback (c5vetteman)
Congrats everything worked out in your favor, way to go!
Get another Z.
BTW: c5vetteman, dialup guys could not survivie here without turning off the graphics, so it's not the issue you might think. I do however, turn off my sig if I post to my own thread or re-post another reply.
Get another Z.
BTW: c5vetteman, dialup guys could not survivie here without turning off the graphics, so it's not the issue you might think. I do however, turn off my sig if I post to my own thread or re-post another reply.
Race Director
Joined: Dec 2000
Posts: 12,913
Likes: 60
From: Twin Cities, MN
Re: BBB Agreed to Buyback (qwikz06)
I would recommend another Z as well. Any car manufacturer is going to have problems. You'll never completely get away from it. I remember the recall on the 911TT they had a few months ago because of a fuel line problem that would result in the car catching on fire!!!! At least your issue wouldn't literally kill you. YIKES! Good luck with whatever you decide.
BTW, if you get a new Z, try and get R8C. Adam is 'da MAN!
BTW, if you get a new Z, try and get R8C. Adam is 'da MAN!
Melting Slicks
Joined: Apr 2000
Posts: 2,767
Likes: 4
From: Austin TX
Re: BBB Agreed to Buyback (qwikz06)
> buyback or a new 2002 Z06 for free.
Sounds good. I was not that impressed with the GM buyback program when it was explained the charge you the differance between the MSRPs plus a usage fee based
on miles, plus taxes etc. Go for the 2002 Z06 for free and toss them the keys.
The new rings were on order for mine when the engine overdosed on flash flood water and self destructed.
Dick
Sounds good. I was not that impressed with the GM buyback program when it was explained the charge you the differance between the MSRPs plus a usage fee based
on miles, plus taxes etc. Go for the 2002 Z06 for free and toss them the keys.
The new rings were on order for mine when the engine overdosed on flash flood water and self destructed.
Dick
Thread Starter
Instructor
Joined: May 2001
Posts: 115
Likes: 0
From: laguna hills CA
Re: BBB Agreed to Buyback (Dick Kriss)
Dick--
The buyback program is actually very fair. What they did in my case was to establish (from documentation supplied to the BBB) that the oil consumption started at 900 miles (I had 13,000 miles at the time of the hearing) & they charged me a total of $351.63 for depreciation.
Bob
The buyback program is actually very fair. What they did in my case was to establish (from documentation supplied to the BBB) that the oil consumption started at 900 miles (I had 13,000 miles at the time of the hearing) & they charged me a total of $351.63 for depreciation.
Bob
Thread Starter
Instructor
Joined: May 2001
Posts: 115
Likes: 0
From: laguna hills CA
Re: BBB Agreed to Buyback (EdwardETraylorIII)
Hi Edward--
I'm going to wait until 2003 Z06's come out & then I'll either buy a 2002 or 2003, depending on what improvements are made on power, etc. I'm going to get something on a temporary basis to drive until then.
Bob
I'm going to wait until 2003 Z06's come out & then I'll either buy a 2002 or 2003, depending on what improvements are made on power, etc. I'm going to get something on a temporary basis to drive until then.
Bob
