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Wait how are they selling it? Isn't there a stop sale on the vehicles until the final fix is out?
According to a quick Google search, it would appear that dealers have every right to sell a car that is the object of a recall, even unfixed, so long as that car is used and not new. Thus, according to that policy, any Bolt that's repurchased by GM could theoretically be put directly onto the dealer's inventory of used cars. Anyone in the market for a used Bolt will just need to know about this and make their own determination on whether it's a hindrance to sealing a deal.

Now regarding the ethics of having your car repurchased by the manufacturer, then repurchasing it yourself from the dealer...I guess that's to each person's own sensibility :)
 

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Wow. I just opened my mail and got the following letter from my dealership. I'm wondering what is really behind this letter:
Don't bend over, they'll show you what it's about.
I did have the software update to limit the range.
IMO, by having the software limitation done, you have essentially agreed to it. What I'm most curious about, what are you legally signing and consenting to at the dealership's service center when this is done.
The chances of your car burning are probably as likely as you winning the lottery and getting stuck by lighting on the same day, infinitesimal.
Because I'm "That Guy," Statistically more than 1 in 10,000 Bolts have been reported to have been destroyed in a battery fire. In the US, 1 in 500,000 people get struck by lightning. You're more than 50 times more likely to have your Bolt burn than get struck by lightning.... You're welcome.
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Discussion Starter #103
According to a quick Google search, it would appear that dealers have every right to sell a car that is the object of a recall, even unfixed, so long as that car is used and not new. Thus, according to that policy, any Bolt that's repurchased by GM could theoretically be put directly onto the dealer's inventory of used cars. Anyone in the market for a used Bolt will just need to know about this and make their own determination on whether it's a hindrance to sealing a deal.

Now regarding the ethics of having your car repurchased by the manufacturer, then repurchasing it yourself from the dealer...I guess that's to each person's own sensibility :)
i'm offended by you hinting this is not ethical.
 

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We just got our buyback offer under the lemon laws of FL, which I was surprised to learn are quite favorable for consumers. The offer is more than fair, and we're taking it. As a result, we're planning to replace our 2019 Bolt with a 2021 Bolt. In our case, a straight buyback of our car and then a separate purchase of the new one will be superior to swapping into a certified used 2020 Bolt. That makes little sense to me, but there it is. It was gonna cost us $12K to swap into a certified used 2020 Bolt, just before the 2021 models came out. Given current promotions on new Bolts, it will cost us less to have them buy our car, and then buy a brand new 2021 Bolt on our own, at the same dealership. FWIW, we bought our Bolt as a certified used 2019 model in mid-2019. With the buyback, driving that fun little car from then until now will have cost us roughly $3K, or around $170 a month. I don't see how we could possibly ask Chevrolet to do more than that for us. They have therefore earned the right to sell us another car.
 

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We just got our buyback offer under the lemon laws of FL, which I was surprised to learn are quite favorable for consumers. The offer is more than fair, and we're taking it. As a result, we're planning to replace our 2019 Bolt with a 2021 Bolt. In our case, a straight buyback of our car and then a separate purchase of the new one will be superior to swapping into a certified used 2020 Bolt. That makes little sense to me, but there it is. It was gonna cost us $12K to swap into a certified used 2020 Bolt, just before the 2021 models came out. Given current promotions on new Bolts, it will cost us less to have them buy our car, and then buy a brand new 2021 Bolt on our own, at the same dealership. FWIW, we bought our Bolt as a certified used 2019 model in mid-2019. With the buyback, driving that fun little car from then until now will have cost us roughly $3K, or around $170 a month. I don't see how we could possibly ask Chevrolet to do more than that for us. They have therefore earned the right to sell us another car.
Good for you! It's too bad GM is hiding behind the respective state lemon laws to mitigate their cost here. Should've done what I suggested earler: for whomever wanted to do it, effectively turn all purchases into leases (no matter what state you're in). And make the monthly lease number a sliding scale where the longer you keep the vehicle, the lower the lease number gets, and the greater your refund (up to some cap, of course). This way, they're essentially paying you to hold the vehicle for them (as opposed to thousands flooding dealership lots or other holding areas). Plus - while these vehicles are still out there being driven, you could agree to provide more information from your battery pack which would improve safety going forward.
 

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Good for you! It's too bad GM is hiding behind the respective state lemon laws to mitigate their cost here. Should've done what I suggested earler: for whomever wanted to do it, effectively turn all purchases into leases (no matter what state you're in). And make the monthly lease number a sliding scale where the longer you keep the vehicle, the lower the lease number gets, and the greater your refund (up to some cap, of course). This way, they're essentially paying you to hold the vehicle for them (as opposed to thousands flooding dealership lots or other holding areas). Plus - while these vehicles are still out there being driven, you could agree to provide more information from your battery pack which would improve safety going forward.
Interesting idea, though it may have been difficult to convert our cash purchase to a lease unless they started sending us checks every month or something. :)

BTW, just heard back from the buyback coordinator, who said it takes roughly a week for the buyback packet and check to reach the dealer. That likely means we'll miss the window for attractive Bolt promotions that end on 3/1, but we'll see how badly our local dealer wants to do something before the end of the this month. We may also inadvertently find out what kind of promotions Chevy puts in place for March when the existing promotions are scheduled to end. Either way, I don't see how they raise the cost of buying a new 2021 (or 2020) Bolt on 3/1 compared to 2/28 and still sell one to a customer like me.
 

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Discussion Starter #109
Interesting idea, though it may have been difficult to convert our cash purchase to a lease unless they started sending us checks every month or something. :)

BTW, just heard back from the buyback coordinator, who said it takes roughly a week for the buyback packet and check to reach the dealer. That likely means we'll miss the window for attractive Bolt promotions that end on 3/1, but we'll see how badly our local dealer wants to do something before the end of the this month. We may also inadvertently find out what kind of promotions Chevy puts in place for March when the existing promotions are scheduled to end. Either way, I don't see how they raise the cost of buying a new 2021 (or 2020) Bolt on 3/1 compared to 2/28 and still sell one to a customer like me.
That timing sounds about right. I'm waiting until summer to buy....time to shop.
 

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I have been told my 2017 LT with 31,500 miles has been approved for buy back. I will be getting a 2021 Premier when the Repurchase coordinator reaches out to my dealership so the deal can be done. I have my own theory as to why GM is taking this step for it's EV customers. There are more than 5,000 Bolts in stock on cars.com on dealer lots not counting dealers that do not list on cars.com. The upcoming 2022 rollouts may be sold faster if not many previous models are still available @ discounted prices on dealer lots.
 
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I have been told my 2017 LT with 31,500 miles has been approved for buy back. I will be getting a 2021 Premier when the Repurchase coordinator reaches out to my dealership so the deal can be done. I have my own theory as to why GM is taking this step for it's EV customers. There are more than 5,000 Bolts in stock on cars.com on dealer lots not counting dealers that do not list on cars.com. The upcoming 2022 rollouts may be sold faster if not many previous models are still available @ discounted prices on dealer lots.
Also, keep in mind that the 2022 Bolt is a significantly updated design, could easily generate additional depreciation for model years 2021 and earlier. If buying new, a lease might be the smart play. We're exploring that idea now. If your mileage profile will work with a lease, it's something to to consider - walking way from the vehicle after 36 months, having paid only a portion of the actual depreciation over that period vs. eating all of the depreciation that will likely occur once the 2022 models hit the market, frees one up to get a more technologically up-to-date model in three years.
 

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Discussion Starter #113
I don't want to go into details about the deal yet but I own my current 2017 and I should get a 2021 and a check back after the deal. No payments.
It is my understanding from my customer care contact at GM that the buy back amount can be estimated by looking at the lemon laws for the state the vehicle is registered in. GM sent me a very detailed explanation of how they determined the buy back amount.
 

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It is my understanding from my customer care contact at GM that the buy back amount can be estimated by looking at the lemon laws for the state the vehicle is registered in. GM sent me a very detailed explanation of how they determined the buy back amount.
i got a similar letter from GM. I keep going back and forth on whether or not to sell back. Right now I’m waiting to see the actual dollar amount then will make a decision. I’m tending toward taking the buyback due to plummeting values.

Ironically we had a similar buyback with our VW TDI with the dieselgate scandal a few years back.
 

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Plummeting values is exactly why we're allowing GM to buy it back based on what we paid, vs. dealing with what the car is currently worth on the open market and GM's assertion that a "state of the art" software fix will resolve it.
 

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Discussion Starter #116
Plummeting values is exactly why we're allowing GM to buy it back based on what we paid, vs. dealing with what the car is currently worth on the open market and GM's assertion that a "state of the art" software fix will resolve it.
I think that is a very reasonable approach. Hi tech items like EVs just don't really hold their value and they might be bringing back the EV tax credit.
 

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I have been told my 2017 LT with 31,500 miles has been approved for buy back. I will be getting a 2021 Premier when the Repurchase coordinator reaches out to my dealership so the deal can be done. I have my own theory as to why GM is taking this step for it's EV customers. There are more than 5,000 Bolts in stock on cars.com on dealer lots not counting dealers that do not list on cars.com. The upcoming 2022 rollouts may be sold faster if not many previous models are still available @ discounted prices on dealer lots.
Hi Jim,

First off congrats on the successful buyback process. I also like your theory and it makes a whole lot of sense. Thanks to this thread, I started the process today by calling the EV Concierge line and voiced my concerns and was told that I would be contacted by the buyback team (which is reportedly based in TX; OP mentioned that his "team" was in Saginaw, MI) in 24-48hrs. How long did your process take from start to finish? As my handle implies, also based in MD.

BTW, I would also totally jump on that deal if offered to me - 2017 for the 2021 + cash.
 

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I just processed a successful buyback. They base it off your current state lemon laws. We are happy with the process. took about a month start to finish.
Out of curiosity, were your "buyback specialists" located in TX as well?
 
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