: The dealer contacts you offering a premium or competitive trade-in value for your current car, usually contingent on you purchasing or leasing a newer model from them.
The three primary types of used car buy-back programs operate very differently: 🏬 1. Dealership Buy-Back Promotions used car buy back program
: These are largely marketing funnels designed to sell you a newer car, not just a service to liquidate your old one. 🏭 2. Manufacturer Buy-Backs ("Lemon Laws") : The dealer contacts you offering a premium
A manufacturer buy-back occurs when an automaker is compelled by state "Lemon Laws" or chooses voluntarily to repurchase a vehicle from the consumer. used car buy back program