Is it Safe to Buy a Vehicle That Was Part of the GM Buyback Program?

 

What is a GM Repurchased Vehicle? 

A GM repurchased vehicle is precisely what it sounds like: GM buys the vehicle back from the original owner due to either a real or perceived issue. This usually occurs when a recognized problem was not repaired in a timely manner or was misdiagnosed by the dealer. Issues can range from functional to cosmetic. GM stands behind their products and aims to ensure customer satisfaction, so they assist with the purchase of a replacement vehicle and thoroughly inspect the returning vehicle to ensure it meets GM standards. Once verified, these vehicles are offered for resale through authorized dealers like McGrath Chevyland. Each vehicle is then checked again and fully reconditioned for resale. All repurchased vehicles come with a packet of paperwork documenting the problem and repair history. 

Why Should I Buy a GM Repurchased Vehicle?

Simply put, GM repurchased vehicles are a fantastic deal! McGrath Chevyland acquires these vehicles directly from GM and conducts our own thorough inspection process. All vehicles undergo a rigorous 172-point inspection and are fully detailed and reconditioned to like-new standards. Additionally, any vehicles reported to have functional problems are driven by our staff to verify that they have been repaired and are operating as intended. 

What About the Carfax? 

The Carfax report may or may not indicate that the vehicle is a branded, lemon, or repurchased vehicle. At McGrath Chevyland, we provide a copy of the Carfax history report for every vehicle for your review. 

Is a GM Repurchased Vehicle a Defective or Broken Vehicle? 

Not at all! Regardless of the reason for its buyback by GM, each vehicle has been repaired to factory specifications and meets high-quality standards. 

How is My Resale Value on the GM Repurchase if I Want to Trade It In?

Some dealers unfamiliar with GM repurchased vehicles may hesitate to pay full market value, but knowledge is power when trading in with McGrath Chevyland. We are always willing to offer full market value because we understand the vehicle's history. If you decide to trade it elsewhere in the future, save the paperwork explaining the repurchase reason. This information can be invaluable, similar to how accident history can affect a vehicle's trade-in value. Knowing the complete story will help you get the best deal possible. 

Do I Get a Warranty with a GM Repurchased Vehicle? 

Yes! When purchasing a GM repurchased vehicle, you will receive a minimum 12-month/12,000-mile warranty, whichever comes first. Be sure to check with your dealer for limited warranty details. Additionally, you're entitled to any unexpired portion of the original factory warranty that remains on the vehicle, which starts from the date the vehicle was originally delivered to or put into service by the first owner. Ask your sales representative to explain the exact coverage for the specific vehicle. This warranty is applicable at any GM-branded dealer across the United States. 

What if the Problem is Not Fixed? 

The likelihood of the same problem resurfacing is low, as vehicles are inspected by both GM and McGrath Chevyland. In the rare event that an issue does reoccur, it may be covered under warranty, and GM would be notified that the problem persists. Rest assured, any issue will be attended to and resolved! 

If you have more questions about the GM buyback program or want to explore our selection of GM repurchased vehicles, visit us at McGrath Chevyland today!Â