I've put over 5k miles on my Bolt since I started the buyback process. They only cared about the initial odometer photo. Haven't asked anything about mileage since.Correct, they did not ask me about any other mileage after the initial one a few months ago, which is a good thing, since I'm up to 28k now.
Yes, the $7500 was the factory rebates.
"Am I to believe that, if successful, GM will offer me a repurchase amount somewhere in the ballpark of $40k + tax/doc/reg - usage fee (miles/120,000 * $40k) + interest charges on the loan?"I really appreciate all the information in this thread, but I'm confused a bit by these last few posts. I assumed that the base price would be off what I actually paid for the vehicle and not the MSRP.
I have a 2019 LT in California with upgrades that brought the MSRP to just over $40k after destination charges. In reality, I paid $33k after taxes with a loan. Am I to believe that, if successful, GM will offer me a repurchase amount somewhere in the ballpark of $40k + tax/doc/reg - usage fee (miles/120,000 * $40k) + interest charges on the loan?
Based on my mileage, that would put me at roughly $39k. That is more than what I originally paid. That can't be possible.
Also, is there any reason I should pay off the loan ahead of time? Is the process different for those with liens vs those without?
I think he was just answering whether or not GM will cut a check for over $40k, but he isn’t in CA anyway so apples/oranges, MD LL yields a higher repurchase price than CA in certain instances.Not sure why you’re quoting me. I think you may have misread my post.
Maybe take your personal email address out of the public post, and send @jasony a PM instead?"Jasony" - I'm in Sac and today picked up my new 2021 Bolt LT for $23K, $26K with TTL. I have a couple of great contacts, both own Bolts and are enthusiassts. At Epic Chevy. They only have a couple 3-4 left. Email me...
Thank you @boltsac I am looking to buy a Premier model hoping for a better seat than my previous LT."Jasony" - I'm in Sac and today picked up my new 2021 Bolt LT for $23K, $26K with TTL. I have a couple of great contacts, both own Bolts and are enthusiassts. At Epic Chevy. They only have a couple 3-4 left. Email me at [email protected] and I'll put you in touch. Deals (I got $15.5K off) end this weekend. You might have to pay a couple grand or so after TTL but you'll be set with a 2021. Hit me up!
Update: After the Friday update email I was expecting the buy-back team to contact me this Thursday or Friday, but I got a phone call from a guy early this morning, caught me in the shower so I didn't have the chance to talk to him. How does that always happen? Well, it was 10am his time, 8am my time.So about 2 more weeks? I think I need to take a drive to a semi-local (73 miles) BMW dealer in the next few days. They have a very nice 2018 CPO i3 Rex for about $26k, only 6k on the odometer, moon-roof, nav, etc. Looks brand new. Maybe I'll take my VW Golf along and see if they are willing to give me a decent trade in $$$'s.
My uncle just got the check for the buy-back of his 2018 Bolt Premium. He was originally going to do the MSRP swap but they didn't have the Traverse van but they had the terms ready. He says they work out to about the same. With the MSRP swap, GM covers the sales tax and license fee but only considers your purchase price in the swap. With the buy-back, GM doesn't pay for sales tax but pays for the interest you paid on your car loan. It doesn't sound like there's much difference in the usage fee, can someone confirm that?So I need a little help understanding the value propositions here, whether the MSRP swap or buyback is the way to go.
I was offered $30,200 for my 2019 premier with 26k miles. After taking into account usage fees and paying off the financed amount, they're writing a check just shy of $9k. The dealer I originally bought from listed my cash price at $37k, then took off another $6700 in incentives before we got into financing.
Does this mean that if I were to choose the swap option that they'd go with the $37k figure, subtract the usage fee, then use that value to choose a new vehicle? If that's the case, it sounds like it's practically the same result as a buyback.
No problem. But I do believe you misread my post in that case. Wouldn’t normally have bothered clarifying, but you do specifically say that the “too good to be true” situation I’m asking about is going to happen when it definitely is not. Just don’t want to mislead people.I directly quoted that portion of your post (that I put in quotes), and responded to it.
I am in California. It's in my profile, and I've stated it here many times.