jordanaf

Curious if anybody here has dealt with a dealer buyback title, regardless of MB or not. I found a vehicle that has a manufacture buyback title, problem fixed. The issue was the upper intake manifold had leaks, vehicle owner pitched a fit and had MB take the car back. The manifold and gaskets were fixed and replaced, and now the car is all good but sits with a buyback title.

Would you guys be fearful? MB stands behind the car. If all is fixed, I dont see any issues. Do you guys?

CarHopper

As long as it comes to you as a CPO with a warranty and they are clear they'd fix any issue head to toe should something break, I don't see why not. Unless you wanted to mod it, then I'd find something else.

I'd just check with insurance to see if the type of title will influence your rates.

Roswell

I wouldn't risk it, it's like buying a fixed "lemon" car in my eyes.. Too much things can go wrong down the road.

What happened to all the 507 sedan owners that offered u their cars?

jordanaf

B/c of the buyback title, the car cannot be CPOd, but it does still have the original factory warranty and I can purchase extended if I desire. The issue and fix did not void the cars warranty.

My insurance rates are not affected and would not change with the purchase of this particular vehicle.

jordanaf

There were none. Not sure what you are referring to Meng, but no one offered me a 507. Other than Lakeshow, which as you guys know...............

Roswell

Ur other thread, lots of members popped in advertising their 507 sedan no? Let me go check again & will give u their screen names.

CarHopper

Yeah, ParkerK who wanted a "$75k quicksale" in sept. down from $78k. I know Jordan isn't looking to spend that.

Jordan, is this a 507? I understand the issue is fixed, but if I were to even consider a move on a car like that I'd be sure if something goes wrong the expense isn't coming out of my pocket.

Roswell

Went through quickly through ur other thread..

Seanhfx
507AMG
I am Jeff (knows someone)
C63amg507
Fallen (Santa Monica MB)
B7bydesign

Roswell

Aww ok, maybe pricing might be a big factor .. But I would keep looking for a good used one vs buying a "buy back" car. Maybe I'm wrong to think "buy back" cars are former "lemon" car?

jordanaf

Yes, its for a 507 sedan.

Meng:

Seanhfx=dont recall
507AMG=never heard of
I am Jeff=SOLD
C63amg507=SOLD
Fallen=missed that one
B7bydesign=never responded

jordanaf

Buyback 507 is not a :lemon:

Had an issue that original owner didnt like and complained so much that he made MB buy it back. And because of, title will be buyback

Roswell

Good to know buy back is different than lemon. I always have in mind that Porsche guy who had all the troubles in the world to make the deslership buy back his car.

jordanaf

Any of you still looking to unload your 507??

Seanhfx

Hey Jordan - 507 fan

We spoke on the phone a few weeks ago, and we communicated via email. Mine is a black 507 Canadian sedan with Porcelain Nappa leather/Black Alcantara seats with carbon fibre trim. When I told you it had porcelain leather, you really liked that.

You were checking with an importer weeks back and said via email it was going slow... Mine is the one that is leased and I was going to buy it out for you even with a large penalty. $59k canadian which was 44k US then but now like 46k US. I have 24,200 kms which is 15k miles.

Sean with a 507 sedan

abcut973

Buy back titles are not necessarily a problem if you plan on keeping the car for a while. It will just hurt the resale value. Just make sure the issue got fixed properly.

I am Jeff

Exactly! As long as you know what the original issue was and has been corrected, there is nothing wrong with the buyback 507. Unfortunately, if you ever try to sell the car, be prepared to take a hit on the price for having a buyback title.

jordanaf

Thanks for the feedback guys.

I have no intention of selling the car. As per my first 507, I didn't plan on selling that car either. It was wrecked and insurance wanted to total it, or Id still have it. So that said, resale is not a worry of mine.

abcut973

Well that will be a good negociation starting point for you Jordan
How much is that 507?

Thrilla

If they're keeping the factory warranty intact, then that's better than a CPO warranty. I would negotiate to include the extended warranty.
Downside to that is modding will be a much bigger gamble than a no history car.
At this rate, it's looking like it's easier to buy a black series than a 507 sedan.

fraktv

Hey Jordan, I was interested in your old 507 that went to copart. I've been trying to figure out when the auction is, but it hasn't come up yet. I sent you a PM and e-mail, but have not heard back....

jordanaf

We have started at $49k, but Im working my way down. I would feel comfortable w/ $45k, but ultimately time will tell.

abcut973

How many miles? $45k seems a good deal if you can pull it.

QWKSNKE

We bought my wife's 01 cobra vert as a manufacturer buyback in 2003. Still have the car and have not any problems with it. It was bought back by Ford due to faulty a/c. Damn car has the coldest a/c of any car we have ever owned even at 151k miles.