Jump to content

Repurchase Questions

thatryan
 Share

Recommended Posts

thatryan Enthusiast

thatryan

Posted
Posted

Hi all,

 

After several issues with my mylink system and yadda yadda, GM has reached out and sent me a letter talking about "Replacement" or "Repurchase" and I was wondering if anyone that has gone through this could share any tips on which option is better and what to look out for?

 

My truck is a 2017 Z71, 5.3. About 58,000 miles. I still own $19,000 on it to the bank.

 

Thank you.

rav3 Senior Enthusiast

rav3

Posted
Posted

What's their offer? Repurchase of your 2017?

JimCost2014 Senior Enthusiast

JimCost2014

Posted
Posted
28 minutes ago, thatryan said:

Hi all,

 

After several issues with my mylink system and yadda yadda, GM has reached out and sent me a letter talking about "Replacement" or "Repurchase" and I was wondering if anyone that has gone through this could share any tips on which option is better and what to look out for?

 

My truck is a 2017 Z71, 5.3. About 58,000 miles. I still own $19,000 on it to the bank.

 

Thank you.

I have been part of both a "Trade Allowance", and a full "Buy Back".

 

They will give you fair market value for the truck, with a few deciding factors how they come with the figure. I would ask for specifics and details in writing before I pulled the trigger.

 

I came out in better shape both times on how much I owed, and total for monthly payments. If you do trade yours in on a new GM product, you can use all current rebates, and any incentives available (I was able to), so you can get a pretty sweat deal on the overall trade.
 

KARNUT Senior Enthusiast

KARNUT

Posted
Posted

I had a 94 Ram diesel automatic that was popping it’s transmission lines. It was held by clips that would vibrate apart. I could have easily fixed the problem but if the transmission failed it would have been my problem. After a year of them unable to remedy the problem they exchanged for a 95. Instead of a 2 door diesel automatic. I got an extended cab V-10 5 speed. 

thatryan Enthusiast

thatryan

Posted
  • Author
Posted
2 hours ago, JimCost2014 said:

I have been part of both a "Trade Allowance", and a full "Buy Back".

 

They will give you fair market value for the truck, with a few deciding factors how they come with the figure. I would ask for specifics and details in writing before I pulled the trigger.

 

I came out in better shape both times on how much I owed, and total for monthly payments. If you do trade yours in on a new GM product, you can use all current rebates, and any incentives available (I was able to), so you can get a pretty sweat deal on the overall trade.
 

 

Did you own anything on yours when it happened? I am wondering how that works out letter I got doesn't have any specifics yet, still waiting on agent to contact me etc. But mentions I have to work with lender to substitute payment if I do a replacement? 

 

I would be eyeing a new 2022 if I do the replacement but would have to wind up with cheaper monthly payments ha

JimCost2014 Senior Enthusiast

JimCost2014

Posted
Posted
36 minutes ago, thatryan said:

 

Did you own anything on yours when it happened? I am wondering how that works out letter I got doesn't have any specifics yet, still waiting on agent to contact me etc. But mentions I have to work with lender to substitute payment if I do a replacement? 

 

I would be eyeing a new 2022 if I do the replacement but would have to wind up with cheaper monthly payments ha

I was the registered owner on both. GM buys the truck from you, pays off your balance, and if there is equity, you can apply it towards your next loan. GM then owns the truck outright, will come and get it, then sell it at a local auction, which your current dealer can then buy.

  • Like 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Latest Articles

  • Posts

    • Grumpy Bear
      Some Assembly is Required

      By Grumpy Bear · Posted

      Disassembly may be Required!   Every blender makes claims but do  you ponder those claims? What was really said? Was it true?  Motive for saying it? What does in infer?  Is that inference true?    Let's do one.    Claim: Made from shear stable base oils.    What was said: Base Oils are shear proof.   Was it true: Yes.  ALL base oils are Newtonian.    Motive / Inference: To imply the fully formulated product is Shear Proof.    Is the Inference true?: Most fully formulated multigrade oils contain Viscosity Modifiers or VM's, sometimes called VII or Viscosity Index Improvers. There are four types. One is in fact shear proof but it also has a bad effect on extreme cold flow and is restricted to use in specialty oils. A second has limited shear called a 0-5 SSI polymer. Meaning its shear is limited to a range of zero to five percent as reported by the ASTM D6278 Shear Stability Index test. A few high end oils, like Torco SR-5, use them and brag about it profusely. Actually all that use it point it out. The last two shear dramatically and are often marketed as a 'feature' of the product aiding the oil to meet fuel standard requirements of ever stricter rules. One shears more than 5% and the other up to 20%. As you make guess, cost is directly linked to shear down and as such the majority of oils use the cheapest organic polymers sold to make grade and pass stringent tests.    PPD's or Pour Point Depressants also shear a bit, only a few percent and hide inside the 0-5 SSI capabilities.    The blender knows he can not out engineer Stribeck. Physics is not a suggestion. But he can wordcraft the unsuspecting toward believing a false claims INFERENCE. This is LEGAL. It is COMMON, and it is EFFECTIVE.         
    • Jsdirt
      2006 Silverado HVAC sensor location in dashboard

      By Jsdirt · Posted

      I don't recall ever dealing with one on an '06 and back. It may not even exist on that. I can't remember for sure.   Any kind of ice in or after the evaporator is normally due to low charge with both a clutch-cycling orifice tube system, and a TXV system.
    • Grumpy Bear
      HighMileage oils or stay with Dexos 1 ?

      By Grumpy Bear · Posted

      Engines wear. It is unavoidable. So the question isn't if it will wear out but rather WHEN it will wear out. That question is about rate and RATE is a HUGE problem for almost everyone; but not in the way we may think.    Unless there is something drastically wrong with your powertrain, wear is exceedingly slow. It doesn't wear out in minutes or hours or days or months but in years or even decades. Ditto sludge and varnish. Humans are an impatient lot so to see the benefit of a truly superior product you may have to wait a very long time. Most will get bored first and trade before they reap the benefit.   Humans are not companionate creatures when it comes to those we do not know. We don't care what happens to the second or third owner as long as it doesn't happen to us or someone we know and actually like.   Sad commentary on humans but it is what it is. That thus, then, there is no advantage...to or for you if the above paragraphs adequately describe you.    BUT if you are a buy and hold type and patient enough to reap the rewards of your labors then that thing that is happening that you haven't yet seen, but will; can be abated by such products. Seals harden and leak with time and lots of it. Rings stick after thousands of miles of a slowly building plaque of varnish.    Then there is this. This didn't happen over night and this poor fellow knew when he removed the cover and not one second before.   Not "aware' isn't the same thing as "isn't happening".        The above was typical of the Ford 361 and 391 bus motors on Bulk Pennzoil Mineral Oil products on 3K mile OCI's at about 60K miles back in the 60's and 70's at the Anamosa School District when my Uncle took over their maintenance program.    This is Pepper at @ 165K on 5K OCI's using Group IV/V Full Synthetics.      HM oils will help the first but not the second.    Then again if one used..... ah, ya know.....
    • Coastie05
      Doors lock and mirrors fold in while driving

      By Coastie05 · Posted

      Thanks for coming back with an update. 
    • MikeBMW
      Doors lock and mirrors fold in while driving

      By MikeBMW · Posted

      Awesome you got it sorted! That's a new potential issue I'll have to mark in my book of issues. Thanks for the feedback.

  • GM-Trucks.com Clubs

  • Popular Contributors

×
×
  • Create New...