Guess What GM Did With My Jingle Jingle Buyback Truck?

[ILSilverado]

No repair, No GM Auction, They GAVE IT AWAY  to a charity. G/M of my selling dealership says the charity is picking it up next week. I’m guessing that jingle that some of us have/had is worse than GM is letting on to otherwise they would have auctioned it off.  GM has deemed UN repairable. I wonder if the Charity will get a salvage title now.

[JimCost2014]

Yea, that is a strange one, wonder what the charity can even do with it?

 

Depending on the individual state, the car will then be issued a "salvage title" or "salvage certificate" that notifies any buyers that an insurance company has deemed the car a “salvage vehicle.” What a Salvage Certificate Means. A salvage certificate means that the car cannot be sold, driven, or registered in its current condition.

[1997SierraSLT]

Wonder if J.D Power is the charity in question. Perhaps they can make a television commercial about it.  

[Thomcat]

No salvage title if it is a buy back. Most buy backs in actuality are trade-ins against the sale of a new vehicle with GM taking up the slack of the loss, likely in the form of future dealer discounts on new vehicles. Dealer donates the buy back to a charity and gets a chit for deducting the book value of it on the firm's yearly Income tax form. You really don't think the donated autos raffled off by charities are brand new cars, rather shiny new low mileage "demos used by H.S. driver's ed or some other ****** and bull story " most are in probability buy back dogs. Charities that solicit for donated cars not fit for raffles can just flip the older banged up ones with severe repair problems to an automotive wholesaler and they end up bought at auction for purchase and repair by corner used car dealers.

 

More than likely the Church/charity will raffle off the clean, new model buy backs at a charity event or religious fair selling tax chances for a few bucks a pop with sum total of receipts netting more than the value of the vehicle. So after a few months with great fanfare someone eventually wins the vehicle for a few bucks in chances purchased. Gets the vehicle and pays the taxes on the book value of the prize back to the Government. Everybodys happy, even the owner of the jingle jangle vehicle won for cost of taxes and raffle tickets.

[Pinnacle]

how nice of them

[rcslotcar]

Sounds like a good source for parts.

[EricTheRed]

I’m hoping they fix this issue ASAP.

[doverarjim]

Years ago we had a church that was given a station wagon around a 79-81 model with very low miles on it to use for $1.00 a year for up to 10 years, the church had to provide everything for the car and could not sell, rent, give away or lease it to anyone.  They kept it for years to transport kids and things and after the 10 years they could do anything with it they wanted to.  :jester: