we have having problems with our new suv and they asked if we would like a repurchase. what is it exactly?
2006-10-19 09:06:59 · 2 answers · asked by stacydeets 2 in Cars & Transportation ➔ Maintenance & Repairs
It means they are offering to buy it back from you.
I'd listen to the details of the offer, particularly the price term. If you put a good bit down and haven't had it long, just clearing the note is probably not a good deal, especially if you paid for taxes and registration.
What you'd probably be better off with is a "swap". You give them the one that may well be a lemon, and you get another brand new one. If they're willing to do that, be sure you know who pays the taxes and registration; as far as the government is concerned, you'd be buying another new car.
2006-10-19 09:18:25 · answer #1 · answered by open4one 7 · 0⤊ 0⤋
Repurchase agreements are the part of many "Lemon Laws." If you have so many complaints over a given period, then you qualify to have the dealer buy it back. If they will make you "whole" financially and you are having a lot of trouble, then take them up on it.
2006-10-19 16:17:15 · answer #2 · answered by kramerdnewf 6 · 0⤊ 0⤋