Jimmy Pound

I looked a 2016 Laguna Blue Z51 2LT with 5000 miles this weekend at a dealership. Car was a coupe and was absolutely beautiful! Did not have NAV and the stereo was very weak, I guess because it was not the 10 speaker with bass box? Anyway, the price was fair at 52,000.00. But then, I discovered that it was a buyback. I found out that someone had sent it back under the lemon law I assume. A new engine was installed and it was put on a dealership in Oklahoma but came from California. It drove great. I could not tell if it had MAG RIDE or not. It did have the mode switch on the console for Track, Sport or Touring, not sure if that means it is Magnetic or not. Anyway, they would not budge on price. My concern is that when I try to resell it at some point that no Corvette Guy is going to want it with BUYBACK on that Title or Carfax. I thought about buying it though but they started turning up the pressure on me and pissed me off to the point that I left the dealership empty handed. Would you purchase a BUYBACK????

rb185afm

For that price, hell no.

ASTROCREEP

Maybe...If the price was right and I were looking for a track weapon. Not for a daily driver that I would want to sell at some point.

2016_Z06

If it came with a 100k mike warranty and was priced well yes

767guy

Never ......!!!!

dvilin

No way.

jimmie jam

Run, run, run away.

papillion

You know the answer. Your very own post says Run Run Run Away..

Zaphod B

... and the stock stereo is not "very weak" - so I suspect there's something amiss with that one.

As everyone else has said, run!

Frosty

no. That is more than I paid for a new 2018 Stingray 1LT non Z-51 ordered with what I want. Not enough savings for the risk IMHO.

brooklync5

That price is not only ridiculous but hysterical.

thill444

Run away!

If it was 30% off and had a full warranty I probably still would not buy it...

90sundevil

No way, I pity the guy who bought my 05 C6 that was a buyback.

davepl

Totally depends on WHAT it was bought back for. Track overheating? Yeah, I'll take one of those. Intermittent problems due to CAGS and wiring harnesses? No thanks.

Is it one of those "They just annoyed the customer too long" or is it "This car is cursed"? There's more than one kind of buyback.

Not a commentary on this one or this price, just speaking in general.

Bill Dearborn

I purchased an 86 that was a buyback. That was the first year put an anti theft system on the Corvette. The system had a resistor on the key the car read and determined whether or not the resistor matched what was programmed into the car. If not it would shut down the start process for 5 minutes and then let you try again. If you tried before the 5 minutes were up it would extend the time out. Of course there were problems with the ignition lock reading the resistance and the PO had been stuck many times trying to get the car to start. They thought they had the problem fixed but they didn't and I got hit with the problem several times after I bought the car.

GM finally resolved the problem by releasing a redesigned system within a couple of weeks and it turned out to be one of the best cars I ever owned. I kept it for 10 years. If GM hadn't found a problem I would have fixed it myself by jury rigging a permanent solution that eliminated the anti theft system.

Just because a car is a buyback doesn't mean it is bad. What is bad for some owners isn't a problem for others. Some owners are PIAs insisting on impossible resolutions. Others don't give a damn about what bothered the POs.

Bill

1SG_Ret

Not even at gunpoint.

Silver C7

You could get a NEW Vette for 53 to 55k, why would you even waste time on an overpriced buy back?

Even with a huge down payment, 40-45K your monthy would be negligible. So why waste your time? If you had to choose one, what would you take, the car or the deal? If it's the latter, enjoy driving your "deal".

I get the feeling most want the car...

thill444

True there are people here that have forced the buyback because of paint issues.

That said, there may be no real way to know why the car was bought back, and for the price of this car it is not worth it.

Glenmcp

Unless you like to help get yourself into trouble, NO, NO, NO.

roadbike56

Jimmy,
That price seems too high. Also, you want to check the GM computer Service Record which will tell you EXACTLY what happened to that car. An engine replacement, surprisingly, would not bother me as long as the warranty is still in place. However, unless there are some other options that you haven't shared with us, that price seems too high for a buy back.
I found several 2014/2015 buy backs when I was looking. The only time it pays to buy one is if it is fully warrantied and if you plan to keep it for several years so that the stigma of the buyback wears off.