GEN 2 Buyback options

[Dvidal]

It will depend slightly on what your intent is after the “transaction” is completed.

I think there may be tax implications for option 1 ( correct ? ) check on that.

option 1 gets you free of any loan(s) on the vehicle, ideally with some cash left over to go forth and replace with what you want. Typically, the manufacturer wants you to go with option 2. it’s simpler for them, and keeps you in the customer family so to speak.

Both are going to sound nicer at first than when your final numbers are in. Both will be slightly worse than you could conceivably do in a successful lawsuit, however a suit would include every, single, solitary expense you incur including time. It also takes a LOT longer to conclude and there’s always a chance at trial that you lose. You’d almost certainly get a settlement offer along the way but put that aside for now.

Is it your thought that you might
replace old Raptor with new one?
replace old Raptor with a different Ford car or truck?

I note option 2 specifically says your outlay is only the difference between the 2 respective MSRP. If you go for another Rap, that simply give you a newer vehicle for the same, existing outlay, you only come up with the difference. If I went this way I’d push them to cover it with an ESP or significantly discount an ESP.

If you’re not interested in another Ford, option 1 is the ticket. Note the “minus usage” clause. It will depend on when they consider the usage issue to be invoked. In a lawsuit, it’s typically from the first report of the problem, presumably Ford will also do this, so if you began reporting the issue at 10,000 miles, that’s the usage you’re on the hook for.

You should crunch some numbers for option 1 to see how you will make out. If for example you’re upside down or financed nearly all of the truck, option 2 might make a better deal in some few circumstances.

good luck

+1

 

[Jim_W]

When considering the proposed options (verses seeing if you can negotiate - guessing might need a good lawyer).

AZ tax for buying a new car is 6.6%.

Option 1 - you paid the 6.6% of ~70k which is $4620.00. Looks like that is gone. If you then buy a new vehicle, you would pay another 6.6%.
Option 2 - In AZ are you only going to pay 6.6% of "trade in" MSRP minus new MSRP. So taxed at 6.6% of a couple of grand I would guess.

Also....

MSRP - what did you pay in relation to MSRP for vehicle 1 (the lemon). Guessing it is going to be hard to make up the tax (4k) to go with Option 1 (assuming you want another Ford, especially Raptor - might not be the same if you are getting 10k off another Ford).

Ford has been doing this a long time.... there is not going to be a huge delta for you if you are going with another Raptor between the two options.

Pretty easy equation if you don't want another Ford though.

 

[Remoat]

I like options where i get a brand new item and it costs me nothing

 

[MEATSWORD]

I like free stuff too lol!

 

[bvlaw]

Option 1. And then buy a leftover 2019 Raptor at a significant discount (even if it means traveling out of state to get it).

 

[MEATSWORD]

The local dealer is advertising 3k off msrp now, so that may be a good option.

 

[Jim_W]

The local dealer is advertising 3k off msrp now, so that may be a good option.

scratches head a bit.... So with option 1 and this "deal", it appears it would cost you more than doing option 2 for the same truck (tax....)

 

[bvlaw]

scratches head a bit.... So with option 1 and this "deal", it appears it would cost you more than doing option 2 for the same truck (tax....)

Option 1 makes more sense if he paid MSRP for the first truck (which he probably did....). Option 2 his loan balance would increase as he has to pay the increase in MSRP from his year truck to a 2019 or 2020. Option 1 gets him out of a MSRP deal and he can then get an invoice or below deal, which should be a net win, even accounting for sales tax.

 

[Jim_W]

Option 1 makes more sense if he paid MSRP for the first truck (which he probably did....). Option 2 his loan balance would increase as he has to pay the increase in MSRP from his year truck to a 2019 or 2020. Option 1 gets him out of a MSRP deal and he can then get an invoice or below deal, which should be a net win, even accounting for sales tax.

@bvlaw the deal referenced by the OP (3k off) is not as good as Option 2. AZ sales tax at 6% assuming 70k sales price is $4200. Pretty easy to figure out break even point, but 3k isn't going to get it done even if the OP paid MSRP for original truck.

For example if MSRP of original was 70k and new is 72k, then out of pocket for option 1 (as referenced at 3k off MSRP) is $3410 (not taking in to account usage as that applies to both options). For option 2, 2k in MSRP and $120 in tax for $2120....

 

[bvlaw]

@bvlaw the deal referenced by the OP (3k off) is not as good as Option 2. AZ sales tax at 6% assuming 70k sales price is $4200. Pretty easy to figure out break even point, but 3k isn't going to get it done even if the OP paid MSRP for original truck.

For example if MSRP of original was 70k and new is 72k, then out of pocket for option 1 (as referenced at 3k off MSRP) is $3410 (not taking in to account usage as that applies to both options). For option 2, 2k in MSRP and $120 in tax for $2120....

Doesn’t option one include a refund of the sales tax paid as well??