[TEST DRyVer]

Originally Posted by JLM1956

Is the dealer required to disclose they are selling a buy back car?

I did just see a ZL1 on the internet and it was listed as a buy back in the description. They had a pretty good price on it.

Is there a way to find out why it was bought back?

Do any of you own a buy back car?

I have bought several cars in my lifetime, and will hopefully be fortunate enough to keep doing so. I personally stay away from buy backs, salvaged titles, branded titles, or restored titles. Sometimes the buy back is for a silly reason (minor electrical, like the dome lights work intermittently when opening and closing the door. They might of attempted fixing the matter several times with no success, so after enough complaints from the owner, the manufacturer will buy it back, replace several items to finally fix it, then release the car for sale with a branded or lemon law buy back title), other times it's for a really legitimate reason. No matter what the reason, the value is greatly depreciated, and the worst part of all is that they're essentially guessing what the depreciation is. That simply means the car is near new, with 400 miles and an original MSRP of $70k, but after the buy back it's listed for $50k. That's a great savings, right? Maybe not... When you go to resell that car (even that same week since you think you can flip it for a profit, you find that no one is paying over $40k for a car you just spent $50k on. Even more complicated, you have to check with your insurance company. Some insurance companies will not insure a branded, lemon law buy back, salvaged, or restored title. Same goes with financing. There are several banks and credit unions that will not loan money for this type of title. So even if you're buying cash, the next potential owner when you go to sell will run into the same issues.
After all my gibberish, I will say that I have several friends that ONLY buy problem title cars. They might of had good luck with them in the past, and they've learned how to sell these cars when the time comes as well... They mainly do this because they can afford a lot more car for much less money.
If you don't have experience with buy back cars (and don't plan to spend several hours online learning to catch up and really understand the ins and outs of cars with problem titles) I would respectfully advise to stay away and move on...