View Poll Results: Discount %
10%
2
6.90%
15%
2
6.90%
20%
4
13.79%
25%
0
0%
30%
21
72.41%
Voters: 29. You may not vote on this poll
Lemon & Manufacturer Buyback
07-25-2018, 08:39 PM
#1
Lemon & Manufacturer Buyback
I am looking at a lemon - manufacture buyback and I am curious as to what most thoughts or on how much to discount the car for. The corvette is three years old.
Thank you for any suggestions.
Thank you for any suggestions.
Last edited by Redmanf1; 07-25-2018 at 08:42 PM.
07-25-2018, 08:55 PM
#2
Drifting
Really need to know the reason the car was a lemon/buyback before any decision is made or any discount discussed 
Last edited by Jmhornz71; 07-25-2018 at 08:56 PM.
07-25-2018, 09:01 PM
#3
Melting Slicks
Member Since: Jun 2005
Location: Rock Hill SC (Charlotte NC Area)
Posts: 2,363
Received 683 Likes
on
444 Posts
2022 C8 of the Year Finalist - Modified
2022 C7 of the Year Finalist - Unmodified
You are brave...I'd run the other direction and never look back. It's already been someone else's nightmare. 
07-25-2018, 09:21 PM
#5
Race Director
There isn't enough discount for me to consider purchase of a lemon buyback.
The following users liked this post:
beaversstonehaven (07-27-2018)
07-25-2018, 09:43 PM
#8
Team Owner
Member Since: May 2000
Location: Plantation Florida USAF(Retired) 1966-1990
Posts: 47,901
Received 4,505 Likes
on
3,590 Posts
U.S. Air Force
St. Jude Donor '05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17-'18-'19-'20-'21-'22-'23-'24
NCM Sinkhole Donor
Walk away very quickly, not worth the aggravations and you can't lemon law, and the reports will show when you had enough, and want to sell it.
I wouldn't worry about discounts, if they can't sell it in month it's off to a auction.
I wouldn't worry about discounts, if they can't sell it in month it's off to a auction.
Last edited by 1bdvet; 07-25-2018 at 09:45 PM.
07-25-2018, 10:18 PM
#10
Melting Slicks
Member Since: Nov 2012
Location: Gettysburg PA
Posts: 3,336
Received 1,876 Likes
on
1,010 Posts
2020 C8 of the Year Finalist - Unmodified
What is the model, year and color if you don't want to share the VIN ???? Maybe it's my GM Engineering buy back. '16 Stingray 2LT Laguna Blue with Gray interior, A8...... Although mine was for the WARBLE noise which turned out to be the rear differential.
Last edited by Strake; 07-25-2018 at 10:19 PM.
07-25-2018, 11:19 PM
#11
Mine was also a buyback
2016 silver Z51
I can assure you you DO NOT want the one I had.
Major engine repairs and I’m not exaggerating.
Just because they told you it was the transmission doesn’t mean that’s the only problem it had. I’m sure that’s what they wrote on my paperwork too but mine included L&R lifters-AFM-cam bearing-new engine-exhaust-3 torque tubes-torque converter. And what was CRAZY GM never knew of some of the repairs.
2016 silver Z51
I can assure you you DO NOT want the one I had.
Major engine repairs and I’m not exaggerating.
Just because they told you it was the transmission doesn’t mean that’s the only problem it had. I’m sure that’s what they wrote on my paperwork too but mine included L&R lifters-AFM-cam bearing-new engine-exhaust-3 torque tubes-torque converter. And what was CRAZY GM never knew of some of the repairs.
The following users liked this post:
Landru (07-26-2018)
07-25-2018, 11:35 PM
#13
Why did the poll end at 30%?
It would take a bigger discount than that to make me even consider one that I knew was a lemon-law car.
It would take a bigger discount than that to make me even consider one that I knew was a lemon-law car.
07-26-2018, 02:52 AM
#14
Melting Slicks
Nope. Not me. I had a lemon GMC truck. They tried everything to fix it, before they bought it back. It was a major fight to get the to buy it back. So no way would I risk buying a lemon that was bought back. Not worth the head aches.
07-26-2018, 06:39 AM
#15
Melting Slicks
How about 50% discount? Honestly, I would never consider a lemon buy back car as I would never consider a rebuilt tiltled car.
Last edited by SRQStingray; 07-26-2018 at 06:39 AM.
07-26-2018, 08:17 AM
#17
Le Mans Master
Member Since: Apr 2005
Location: West Burbs of Chicago IL
Posts: 6,716
Received 3,996 Likes
on
1,680 Posts
My only reference was a Chrysler 300M I bought, 2 years old (at the time) that had a complete engine overhaul. Complete and total. “Everything under the hood replaced”. I got maybe 15% off retail used price and rolled the dice as I had VERY specific information about the repair. Car was bulletproof. Never had an issue.
07-26-2018, 01:56 PM
#18
If it was an older car I would be more likely to consider it if I could work on it. But with how electrical these cars are and the cost of parts/ specialized labor I would not consider it with a car like a corvette.
07-26-2018, 02:06 PM
#19
Team Owner
I would have to pass no matter what the discount is.
07-26-2018, 03:06 PM
#20
Burning Brakes
A friend bought a buyback BMW and had zero issues with it, and was able to later sell it to a dealer who specializes in buybacks at a fair price, so he did quite well overall. Some buybacks (especially with the higher line cars) are more for customer satisfaction than to resolve any actual problem.
Presumably, GM/BMW/whoever has fixed whatever it was that caused the buyback.
But really... used Corvettes are just too plentiful for anyone to have to compromise. I voted 20% but in hindsight, it should be more.
Presumably, GM/BMW/whoever has fixed whatever it was that caused the buyback.
But really... used Corvettes are just too plentiful for anyone to have to compromise. I voted 20% but in hindsight, it should be more.