Notices
RX-8 Discussion General discussion about the RX-8 that doesn't fit in one of the specialty forums.
Sponsored by:
Sponsored by: CARiD

Carfax on Buy-backs

Thread Tools
 
Rate Thread
 
Old Aug 25, 2003 | 11:35 PM
  #1  
TJRX8's Avatar
Thread Starter
RX-R8ED
 
Joined: Jan 2003
Posts: 606
Likes: 0
From: Valrico, FL (Tampa)
Carfax on Buy-backs

Will the buy-back cars have a mark on a carfax report? I know if the dealer buys back a car for a problem (like in a lemon law) it shows as a "Dealer buy-back" (or something like that) on the Carfax and other VIN reports.

I wonder how this will affect the resale value of the used (bought back) cars?

Thoughts?
Reply
Old Aug 26, 2003 | 12:08 AM
  #2  
Aratinga's Avatar
Mad as a wet hen
 
Joined: Jul 2003
Posts: 486
Likes: 0
From: Big Blue State on the LEFT
From what I understand (this is NOT from my conversation with MNAO, mind you), the turned in RX-8s will be branded as "buy-back" cars... just like cars that mfrs. buy back under lemon laws. It usually means that the car's resale value is reduced; it also probably means that Mazda will not be allowed to offer these cars for sale as used cars to the general public. It's possible they could be sold at auction as long as the "buy-back car" status is disclosed.

The MNAO rep did tell me that the turned-in RXs will be offered to Mazda employees, presumably at fire-sale prices. His words to me were, "Your car could become my car." He actually sounded somewhat excited about this. I guess I would be too, in his shoes.
Reply
Old Aug 26, 2003 | 02:57 AM
  #3  
TXs are Rex ate's Avatar
Registered User
 
Joined: Jul 2003
Posts: 9
Likes: 0
From: TX
Wink buy backs will not be sold to the public

as not to add any use lower priced cars in the mix, ...

only mazda workers can buy them... just like that other little car mazda had the same deal with a while back....
Reply
Old Aug 26, 2003 | 08:38 AM
  #4  
Toadman's Avatar
Nomad Mod
 
Joined: Dec 2001
Posts: 1,520
Likes: 0
From: Hilton or Marriott
Yep, employees were able to buy the Miata at a great price, or lease them as company vehicles.
Reply
Old Aug 26, 2003 | 01:26 PM
  #5  
TJRX8's Avatar
Thread Starter
RX-R8ED
 
Joined: Jan 2003
Posts: 606
Likes: 0
From: Valrico, FL (Tampa)
Originally posted by Toadman
Yep, employees were able to buy the Miata at a great price, or lease them as company vehicles.
That would explain the sh*t eating grin on my salesman's face when he told me of the buy-back. hmmmm

Now I just have to get a job with Mazda
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Tsurugi
New Member Forum
0
Sep 7, 2015 08:27 PM
hoffdaddy
New Member Forum
10
Sep 6, 2015 11:42 AM
hoffdaddy
New Member Forum
0
Aug 28, 2015 11:15 PM
Mossless
RX-8 Discussion
1
Jul 22, 2015 06:42 PM



You have already rated this thread Rating: Thread Rating: 0 votes,  average.


All times are GMT -5. The time now is 03:29 PM.