How does a Lemon Law Branded Title Impact Resale Value

25

Asked by Sep 09, 2014 at 11:18 AM about the 2004 Chevrolet SSR 2 Dr LS Convertible Standard Cab SB

Question type: Shopping & Pricing

I  am negotiating to buy a low mileage 2004 auto that was a GM Buyback under the lemon law.  The title is "Branded" as a "Manufacturer Buy Back."  I think that at least a 15 to 20% price reduction is likely needed to account for the non-clear title.

9 Answers

34,165

20% Would be the minimum. Remember, that brand will never go away.

1 of 1 people found this helpful.
195

I would avoid this car. There are too many good deals out there on SSRs with clear title. If you buy it, you will have a very difficult time selling it when the time comes. Don't be penny wise and pound foolish

85

YOU DON'T WANT IT. I JUST TOOK A BATH ON A VETTE WITH NOTATION ON CARFAX "AIRBAG DEPLOYED IN 2000." THAT KILLED ME ON RESALE, DEALERS DIDN'T WANT IT OR THEY WOULD QUOTE PRICE AT 40-60% OF TRADE VALUE.

I'm in NC and because of a law pased a few years ago it seems like half of the cars for sale by owner have a salvage or rebuilt title. This means nothing. Do you have any idea how little damage it takes to total out a 7 or 15 year old car? But a "manufacturer buy back" branded title is something I wouldn't touch with a 50 ft. pole. It was a LEMON!

Not necessarily. Sometimes manufacturers have a problem that later gets resolved, but not before a lot of them get bought back. BMW had this with fuel pumps, and Jeep had this on Grand Cherokee with diesel. Do your homework by checking the forums to make sure the problem is fixed and that the mod has been made on the car you are buying. Yes, you will take a hit on resale, but after a few years it is much less than what you will save now because you're taking a hit on the depreciated value. 20% of 20k is much less than 20% of 40k. Being mechanically inclined, I laugh that people think of cars as "lemons". A car is just a bunch of parts, and unless a car has been wrecked it's no different than all the other cars of the same model. I look for lemons because I can get them cheap.

30

I purchased a 99 Lexus ES300 in 2001 very cheap. It was MBB. The carfax and letter from the manufacturer stated the issue was starting problem. The manufacturer replaced a starter and a battery. I still own this car best car I ever owned. I'm looking for another one. If u have one call text me at 480-980-4830.

30

I forgot to mention at purchase the manufacturer extended the warranty another year.

1 of 1 people found this helpful.
30

I purchased a 99 Lexus ES300 in 2001 very cheap. It was MBB. The carfax and letter from the manufacturer stated the issue was starting problem. The manufacturer replaced a starter and a battery. I still own this car best car I ever owned. I'm looking for another one. If u have one call text me at 480-980-4830.

5

I bought a 2012 Toyota Camry SE. I got the entire repair history for it and Toyota extended the warranty for an additional year. I have had absolutely no problems with this car and plan to keep it indefinitely.

Your Answer

Add photo

Related Questions

SSR

Looking for a Used SSR in your area?

CarGurus has 320 nationwide SSR listings starting at $12,900.

ZIP:
Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Search Chevrolet SSR Questions

Chevrolet SSR Experts

#1 Tom Demyan
Tom Demyan
Reputation 170
#2 elcrucero
elcrucero
Reputation 160
#3 tennisshoes
tennisshoes
Reputation 80
View All

Related Models For Sale

Used Chevrolet Corvette
149 Great Deals out of 20,684 listings starting at $3,995
Used Ford Mustang
541 Great Deals out of 45,846 listings starting at $1,999
Used Ford Thunderbird
19 Great Deals out of 1,072 listings starting at $5,991
Used Ford F-150
2,055 Great Deals out of 207,336 listings starting at $1,499
Used Chevrolet Silverado 1500
1,773 Great Deals out of 181,200 listings starting at $250
Used Pontiac GTO
4 Great Deals out of 465 listings starting at $6,000
Used Chevrolet Colorado
242 Great Deals out of 24,816 listings starting at $2,499
Used Jeep Wrangler
260 Great Deals out of 16,543 listings starting at $2,590

Used Cars For Sale

2004 Chevrolet SSR 2 Dr LS Convertible Standard Cab SB For Sale
6 Great Deals out of 191 listings starting at $12,900
2003 Chevrolet SSR 2 Dr LS Convertible Standard Cab SB For Sale
5 Great Deals out of 50 listings starting at $17,458

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.