Would You Buy A “Buyback” EV?

Buy-Back Lemon Law Title


Dana Sinno
Published on August 11, 2023
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A Lemon Law/Buy Back vehicle is one that has been repurchased by the manufacturer due to a defect that could not be fixed after a reasonable number of attempts. This defect could be anything from a major mechanical problem to a minor electrical issue.

Lemon law vehicles are often sold at a nice discount, since the manufacturer has already taken the loss. That’s great, but it will also have lost value. You may not be able to sell your car for as much as you would like in the future.

Also consider that the vehicle may be difficult to finance. Some lenders may be hesitant to finance a lemon law buyback vehicle. This could make it difficult to get a loan.

It is important to research all potential Pre-Loved EVs, because Lemon law vehicles can be found all over the place. They can be found at Car Dealerships, Private Sellers, Govt. Fleet vehicles and Auctions, and not everyone will responsibly disclose. 

If you take the plunge, you risk taking a chance even if the defect may have been fixed. Even if it has or hasn’t been able to be fixed- plan on addressing issues in the future. Always get a vehicle history report before you buy a lemon law vehicle.  This information can be verified through the Title and/or a CARFAX report. 

Would this be a dealbreaker for you?

 

Go electric ✌️


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