So a local dealership is offering a 100% buy back promo on any car! Yeah i know…just a tactic to get people in the door.
I know this isn’t the first time iv’e seen this…but does anyone have any experience with this?
I tried to get some info from the sales person but i got the typical come on down pitch. I was just trying to ask her how the thing with the miles work and does it work with any car make. In the end, is it the same as any other day where you get a price on a trade in?
The process couldn’t be simpler. Bring your vehicle to Dover Dodge Chrysler Jeep Ram between Thursday April 27th and Saturday, April 29th to have your vehicle appraised. Obviously, your current vehicle must be in safe operating condition, with normal wear and tear. The only adjustment will be for mileage. 10 cents to 55 cents depending on miles and reconditioning. No trade will be refused. We have informed the dealer to sell vehicles at prices much lower than you would normally expect.
If they can deduct up to $0.55 per mile, this is just another way to say they will buy your used car at normal used car prices. This is a pretty shameful instance of dealer misleading advertising.
Buying a car back for MSRP just isn’t something that happens… I would probably avoid this dealer on principle. If you’re curious go in and have them check out you vehicle. My guess is they’ll end up at normal trade-in value for your car. If not, I’d expect it to come with strings of buying/leasing another vehicle where they pad in the additional $ they’re paying on your trade.
I have a 2002 Lexus worth ~~~ 20k, but only has 25k miles. MSRP = 67k. My Net above the market would be around 35k. Under the right conditions, they could get ripped off.
The Factory Group is bringing its exclusive BUY BACK PROGRAM to Dover Dodge Chrysler Jeep Ram to conduct a special three-day event. Please read following carefully: We are offering you 100% of the manufacturer’s original suggested retail base price when your vehicle was new if you trade it in on any new Chrysler, Dodge, Jeep or Ram in stock.
Because of the high trade value for these vehicles, the sales managers have been instructed to offer you what you paid when you purchase your current vehicle. You read that correctly, they will show you 100% of the manufacture’s original suggested retail base price when you your vehicle was new.
The process couldn’t be simpler. Bring your vehicle to Dover Dodge Chrysler Jeep Ram between Thursday April 27th and Saturday, April 29th to have your vehicle appraised. Obviously, your current vehicle must be in safe operating condition, with normal wear and tear. The only adjustment will be for mileage. 10 cents to 55 cents depending on miles and reconditioning. No trade will be refused. We have informed the dealer to sell vehicles at prices much lower than you would normally expect.
Special Finance Offers: Special rebated, incentives and owner loyalty bonus will be available. We will also be offering interest rates as low as 0% on select models. Programs are available so you can drive home your new vehicle with no money down, and payments possibly lower than the vehicle you’re currently driving. Credit challenges are welcome. Our finance team is prepared to help and assist all financial situations. No payments for 75 days is available on all vehicles during this exclusive event.
This is a one time deal!!! after this, the dealership will close down. Spread this to Leasehkr community and bring, friends, neighbors, family and even enemies. lol
There is the rest of the fine print! How many people are driving a vehicle which is strictly the base model, with no additional options at all? A vehicle could start with a “base” retail price of $20,000.00, but have an actual MSRP of $30000.00 once all options have been added or purchased.
They are going to figure your trade value starting with the base retail price of $20,000.00, not the $30000.00 sticker it ended up being if I am reading their disclosure correctly.
You guys get excited like noobs. Don’t forget the other half of the transaction. You will need to buy/lease a new vehicle from them. What they may “eat” as a loss in the trade in, they will make up for iin the sales. It’s a common tactic to seduce you with the trade and kill you on the new car.
It says they are applying at least 12,000 miles per year no matter how many miles you actually have. They can also exclude exotics. Sounds like a worse deal than just trading in!!
Can’t wait for car dealerships to die off.