Posted 2015-07-27 7:45 AM (#164257 - in reply to #164256) Subject: RE: RAM TRUCK BUY BACK
Extreme Veteran
Posts: 402 Location: Valentine, NE
So, correct me if I am wrong, they will "buy it back" for purchase price less depreciation. It seems to me, a marketing ploy to get you to trade it in. They will than "fix it" and resale it....interesting.
My '12 has been "fixed" but I am going to take it in to see what the deal is. I suspect they just lowered the value of these models considerably due to the press....
Posted 2015-07-27 9:52 PM (#164265 - in reply to #164256) Subject: RE: RAM TRUCK BUY BACK
Expert
Posts: 3853 Location: Vermont
FCA US's Repurchase Program
35. FCA US shall amend its Defect Information Report (Part 573 Report) for Recalls 13V-038, 13V-527 and 13V-529, to revise the description ofFCA US's program for remedying
thedefect. Specifically,therevision will include an alternative to the repair remedy with respect to unremedied vehicles in each of these campaigns. The alternative remedy will be an offer to eligible owners to refund the purchase price paid by the first purchaser of the vehicle for purposes other than resale, less a reasonable allowance for depreciation, and not including the cost of modifications made to the vehicle after first retail sale ("the Purchase Price"). FCA US will additionally offer a premium of 10% above the Purchase Price to any owner of an
unremedied vehicle electing this alternative remedy. FCA US shall notify eligible owners within 60 days of amending the Part 573 reports of the availability of this alternative remedy. AtFCA US's discretion, FCA US may remedy and resell any vehicle repurchased under this paragraph. Notwithstanding any other requirements ofthe Consent Order, it is agreed that FCA US shall have satisfied its performance obligations in this Paragraph by completing notification mailings extending the offer described in this Paragraph to eligible owners, provided that FCA US shall actually provide the refund and premium described in this Paragraph to those eligible owners who elect this alternative remedy.
Posted 2015-07-27 9:57 PM (#164267 - in reply to #164256) Subject: RE: RAM TRUCK BUY BACK
Expert
Posts: 3853 Location: Vermont
This may ALSO be the future result of all of the vehicles awaiting airbag repairs...since it is a great likelihood the various auto manufacturers will NEVER get all the replacement airbags they need to repair all of the identified vehicles in a timely manner...
Posted 2015-07-28 7:41 AM (#164271 - in reply to #164256) Subject: RE: RAM TRUCK BUY BACK
Extreme Veteran
Posts: 402 Location: Valentine, NE
All this is going to do is increase the price of any new vehicle as the manufacturers are getting extremely scared of recalls along with reducing the price of any used trade in vehicle under the recall IMO.
I did visit with the local Dodge dealer yesterday. They had no clue as the what/how/where/when. Owner did state that they are getting a lot of heat and reg changes in regards to recalls. They can not take in or sell any vehicle with an open recall...so if you have a Chevy with an open recall and take it to the Dodge dealer, he can't trade for it until recall fixed. He expects the neighborhood used car dealers might struggle with this if it is ever enforced.
His other concern is that he expects prices to increase on new vehicles dramatically due to all the recalls that are going on.
RAM TRUCK BUY BACK
