ZL1 buyback title - Page 2

DavidStrLondon · 01-07-2021, 12:07 PM

Doubt the dealer will accept 40k...maybe 50K...

ScatPack · 01-07-2021, 12:30 PM

Yeah this would need to be at least $10k less than a non-branded title ZL1. Otherwise thats a bad deal.

arpad_m · 01-07-2021, 12:37 PM

You know how it goes, David, on a forum where people are practically anonymous... all of a sudden everyone becomes an expert and the shrewdest negotiator on the block, got their cars almost for free and wouldn't pay a dime extra to the "stealership"

A buyback is a lemon, typically due to a single repeated failure point; if you are able to acquire detailed information, identify the reason and turns out the new engine very likely solves the problem, the price isn't terribly bad and I don't see why any dealer in their right mind would discount the car into the used SS range.

Also, there is the powertrain warranty and any extensions you may be able to negotiate. You would do wise to research the servicing infrastructure around London, I would not buy this (or any other) ZL1 without finding at least one service department that is able to take care of me down the road.

All that said, this is your money and your time, thus 100% your call after all.

gtfoxy · 01-07-2021, 02:03 PM

Quote:

Originally Posted by arpad_m

You know how it goes, David, on a forum where people are practically anonymous... all of a sudden everyone becomes an expert and the shrewdest negotiator on the block, got their cars almost for free and wouldn't pay a dime extra to the "stealership"

A buyback is a lemon, typically due to a single repeated failure point; if you are able to acquire detailed information, identify the reason and turns out the new engine very likely solves the problem, the price isn't terribly bad and I don't see why any dealer in their right mind would discount the car into the used SS range.

Also, there is the powertrain warranty and any extensions you may be able to negotiate. You would do wise to research the servicing infrastructure around London, I would not buy this (or any other) ZL1 without finding at least one service department that is able to take care of me down the road.

All that said, this is your money and your time, thus 100% your call after all.

This was my thinking as well.

Not sure if they’d put an engine in after the buy back. Why not do it before.

My guess is they did & it still didn’t fix the issue hence the buy-back. If that is the case, RUN! Right now you could spend $10K more & get a brand new ‘21.

ST1LE · 01-07-2021, 03:33 PM

I wouldnt pay $54K for ANY used 2018 ZL1. It could have 500 miles on it for all I care. Too much for a car with such little to no warranty. Of course I am mentally still stuck in Pre-COVID market, so I will be waiting.

Rodslnger · 01-07-2021, 08:05 PM

Got my 2018 Buyback in 2019 for 43k

DangerZL1 · 01-08-2021, 08:42 AM

If you purchased a new 21 ZL1 today and traded it in a week later, you wouldn't get $54k for it on trade.

ST1LE · 01-08-2021, 08:49 AM

Quote:

Originally Posted by DangerZL1

If you purchased a new 21 ZL1 today and traded it in a week later, you wouldn't get $54k for it on trade.

Boom! That's all the perspective one needs I think.

DangerZL1 · 01-08-2021, 08:57 AM

It's unfortunate, but Camaros don't retain value very well and depreciate more than most domestic cars.

arpad_m · 01-08-2021, 10:57 AM

Quote:

Originally Posted by Rodslnger

Got my 2018 Buyback in 2019 for 43k

Quote:

Originally Posted by DangerZL1

If you purchased a new 21 ZL1 today and traded it in a week later, you wouldn't get $54k for it on trade.

Quote:

Originally Posted by ST1LE

Boom! That's all the perspective one needs I think.

You guys seem to forget that this is a ZL1 1LE.

RyanR623 · 01-08-2021, 01:18 PM

So when my engine completely detonated with 18,500 miles on it and they put a brand new ($11,000) engine in it under warranty.... I could've made GM buy the car back?

I thought it had to be a repeat issue of three times or more?

That said I wouldn't have made them buy it back. The way I look at it i got a free 18,500 miles and a new 5 year engine warranty.

01-07-2021, 12:37 PM	#17
arpad_m Drives: 2018 Camaro 2SS A8 Join Date: Jul 2017 Location: East Tennessee Posts: 11,696 View My Garage	You know how it goes, David, on a forum where people are practically anonymous... all of a sudden everyone becomes an expert and the shrewdest negotiator on the block, got their cars almost for free and wouldn't pay a dime extra to the "stealership" A buyback is a lemon, typically due to a single repeated failure point; if you are able to acquire detailed information, identify the reason and turns out the new engine very likely solves the problem, the price isn't terribly bad and I don't see why any dealer in their right mind would discount the car into the used SS range. Also, there is the powertrain warranty and any extensions you may be able to negotiate. You would do wise to research the servicing infrastructure around London, I would not buy this (or any other) ZL1 without finding at least one service department that is able to take care of me down the road. All that said, this is your money and your time, thus 100% your call after all. __________________ 2018 Camaro 2SS — G7E MX0 NPP F55 IO6 735 rwhp \| 665 rwtq Magnuson TVS 2300 80mm pulley \| Kooks 1 7/8" LT headers \| JRE smooth idle terminator cam \| LT4 FS & injectors \| TSP forged pistons & rods JMS PowerMAX \| DSX flex fuel kit \| Roto-Fab CAI \| Soler 95mm LT5 TB \| 1LE wheels \| 1LE brakes \| BMR rear cradle lockout \| JRE custom tune 1100 - 1/30/18 \| 2000 - 1/31/18 3000 - 2/06/18 TPW 2/26/18 3400 - 2/19/18 \| 3800 - 2/26/18 4300 - 2/27/18 \| 4B00 - 3/01/18 4200 - 3/05/18 \| 4800 - 3/14/18 5000 - 3/16/18 \| 6000 - 3/19/18

01-07-2021, 03:33 PM	#19
ST1LE Drives: E92 BMW M3 Join Date: Oct 2012 Location: Houston Posts: 4,496	I wouldnt pay $54K for ANY used 2018 ZL1. It could have 500 miles on it for all I care. Too much for a car with such little to no warranty. Of course I am mentally still stuck in Pre-COVID market, so I will be waiting. __________________ SOLD - 2013 1LE - Pat G Spec'd Cam, NPP with 1 7/8" Long Tube Headers with High Flow Cats, Intake w/scoop, Ported Throttle Body, and Apex 1.25" Lowering Springs. J-Rod Built and Matt@FSP Tuned

01-07-2021, 08:05 PM	#20
Rodslnger Drives: camaro Join Date: Jul 2011 Location: Uranus Posts: 127	Got my 2018 Buyback in 2019 for 43k __________________ -2000 camaro ss Lsx 427 Tf245 6 bolt Twin turbs. - 2015 C7 zo6 halltec Pulley headers- 2018 Zl1 a10 2650 maggie CSP headers big gulp 103mm

01-07-2021, 12:07 PM	#15
DavidStrLondon Drives: 2017 ZL1 Join Date: Jun 2018 Location: London Posts: 38	Doubt the dealer will accept 40k...maybe 50K...

01-07-2021, 12:30 PM	#16
ScatPack Banned Drives: None at the moment Join Date: May 2018 Location: Florida Posts: 284	Yeah this would need to be at least $10k less than a non-branded title ZL1. Otherwise thats a bad deal.

01-08-2021, 08:42 AM	#21
DangerZL1 Drives: 2023 Black ZL1 Auto Join Date: Oct 2009 Location: FEMA Region 4 Posts: 2,935	If you purchased a new 21 ZL1 today and traded it in a week later, you wouldn't get $54k for it on trade.

01-08-2021, 08:57 AM	#23
DangerZL1 Drives: 2023 Black ZL1 Auto Join Date: Oct 2009 Location: FEMA Region 4 Posts: 2,935	It's unfortunate, but Camaros don't retain value very well and depreciate more than most domestic cars.

01-08-2021, 01:18 PM	#25
RyanR623 Drives: SS A8, NPP, Red Hot Join Date: Jan 2019 Location: Toledo, OH Posts: 583	So when my engine completely detonated with 18,500 miles on it and they put a brand new ($11,000) engine in it under warranty.... I could've made GM buy the car back? I thought it had to be a repeat issue of three times or more? That said I wouldn't have made them buy it back. The way I look at it i got a free 18,500 miles and a new 5 year engine warranty.

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