Cobra Jet
Well-Known Member
You have to overlook the fact of what you PAID or what DEAL you got when buying your existing vehicle - it’s does not matter at all... it’s not part of the equation at all. Ford doesn’t care if you got $2k, $5k, or $10k off your original purchase.Yeah, it's a wash if you are getting the car replaced. If you are doing a buyback though, I can't imagine that Ford will pay MSRP minus the mileage charge instead of the actual sales price of the car. In my case, I got about 16% off MSRP, so even after the mileage charge, I would be thousands of dollars better off with a buyback.
The Buy Back is strictly MSRP to MSRP, period. They do not look at any other factors when it comes to direct vehicle to vehicle cost.
So, if your original window sticker bottom MSRP was say $42k, then if entering the vehicle replacement Buy Back Program with Ford, you can pick out ANY other NEW Ford product off of any other Ford Dealer lot in the USA (or build one) that has an window sticker of MSRP of $42k.
Current new car Incentives, discounts, Ford A-X Plans, Ford Cash, Dealer rebates, Employee discounts or any other type of perceivable cost savings PAST or PRESENT does not and will not apply to the Buy Back offer - again it’s strictly MSRP to MSRP.
If the vehicle you are interested in is OVER your original MSRP, then you are responsible for paying any delta over (plus any fees, penalties, etc).
However, as I outlined in my prior hyperlinked post with Buy Back info, each and every single State has its own Lemon Law and/or by-laws regarding a vehicle refund or Buy Back. So it is extremely important that YOU REVIEW and UNDERSTAND YOUR STATE’S Lemon Laws. Ford uses the State guidelines as the base to determine what, if any, fees or penalties are tacked onto the deal.
Also to note, if the collateral being bought back has ANY damages, the owner can be dinged and responsible for the cost of repair as well. This is all outlined in the Ford issued Buy Back documents. The vehicle being turned in will be thoroughly inspected in/out by the Dealership per Ford RAV’s instructions, before the transaction swap can be completed and if there are any findings, you (the owner) will have to sign off on those findings.
The RAV process is lengthy, it can be (or will be) frustrating to some, and yes, there will be times that you will want to just quit the process because of the frustrations.... BUT in the end, if you hang through, it’s worth it.
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