General Car Question - Buy Back Programs

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Old 05-22-2012 | 07:50 AM
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Question General Car Question - Buy Back Programs

Hi - Not sure where to ask this but figured you guys would know the answer. We're interested in selling our 2003 Saturn L200. I just received a notice from the car dealership that they have interest in buying back this specific car. They will either buy-back right out or you can get a $5,000 credit as a trade-in. I want to get rid of it so just do the buy-back.

What does this mean? What are the pros and cons of doing this? What does the dealership get out of this (i.e. parts for cars)?

I've always seen these but never really looked into them. Any info is greatly appreciated.

Thanks,
Paul
Old 05-22-2012 | 02:35 PM
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it's mass marketing spam, they just want you to come into the dealership so they can sell you a car. I doubt that they even know what kind of car you own.
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Old 05-22-2012 | 02:39 PM
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^agreed. its a ruse or ploy to get you into the door of their dealerships, so that they can "flip you or "slam" you.

meaning, get you in another vehicle from their lot, putting money into the salesman's pocket
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Old 05-22-2012 | 02:57 PM
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Car talk...
Old 05-22-2012 | 03:18 PM
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Thanks guys. I was wondering if that's what it was all about. I'll pass and have to sell it the old fashion way! :-) Appreciate the advice.
Old 05-26-2012 | 09:22 PM
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I remember that ree years after I got my RDX I got a letter saying that there was a strong demand for my specific model (whiteout mentioning what it was) car...like the other said, just a marketing strategy to get you in the door
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