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Got a rollback car

Discussion in 'Gen 3 Prius Main Forum' started by aprakash, Jan 3, 2012.

  1. aprakash

    aprakash New Member

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    2011 Prius
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    Three
    I like this and might consider as the only alternative apart from walking away.
    What are the losses of buying a used car. I am listing a few:
    1. Lower resale if I sell the car. Am planning to keep the car for 6 years, but still what would be the impact if I sell it in say 3 years.
    2. In case car has major issues - potential problems in invoking lemon law. I read somewhere that used CA cars still under manufacturer warranty can claim lemon law - not sure about this.
    3. Might not get good rates if I want to refinance the car.
    4. Can I buy extended warranty on this car later on.

    Any other potential issues?

    Thanks everyone for your inputs.
     
  2. stevemcelroy

    stevemcelroy Active Member

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    To answer your questions-

    1 - A used car is a used car. Perhaps a 1 owner car might be a touch more desirable, but there should be just about no impact when you go to sell it. In this case if you get some cash back or credit for service you get the best of both worlds - you get an otherwise new car with some of the initial depreciation already covered. I bet most of the people here on PC would trade places with you in a heartbeat - if you are smart about it you will come out ahead.

    2 - Just google the lemon laws in your state and see what is covered on a new car and a used, but that covers only cars with major problems that the dealer is unable to fix after repeated attempts. The chances that you are stuck in this situation with a Toyota are minuscule, but do exist.

    3 - Why would you possible want to refinance - in my opinion the folks that refi cars are just a touch up the foodchain from pay-day lenders.

    4 - You can buy an extended warranty for a short period after you buy the car - ask the dealer.

    It really seems that you are over-thinking this - keep in mind that it is the exact same car that you were happy with until a day or two. The only issue is with the paperwork - it is sort of like the distinction between a US citizen born in the US and one who was naturalized. In virtually all of the cases there is no real difference short of being able to become president. If you are Henry Kissinger then it mattered, for just about everyone else it does not.

     
  3. aprakash

    aprakash New Member

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    2011 Prius
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    Hi Steve,
    Thanks for you response. I know that I dont tend to lose a lot either ways. I will decide before this Saturday if I keep the car or not.
    The reason I mentioned refinance was that I am new to US and am building credit history. My wife doesn't have an SSN yet and I will move the loan to another bank once she gets an SSN so that she can start building her credit history too. I could easily have bought the car with full cash payment had I wanted too but went for financing just to build credit.
     
  4. fuzzy1

    fuzzy1 Senior Member

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    What federal rebate? The only federal incentive I know about, a tax credit, expired more than four years ago.

    Are we taking about a state incentive, or a Toyota incentive?

    As for a 'used' car masquerading as a 'new' car, I was caught by this deception on my 1986 Accord. Very late in the paperwork process it turned out to have been sold, and warranty started, 6 weeks earlier, then the buyer's financing collapsed before delivery. Odo read just 32. Stupidly, I accepted it without extracting any concessions. Happily, it didn't matter, as 23 years and 235,000 miles later it turned out to be the best car I ever had, pre-Prius.
     
  5. Slovewell

    Slovewell New Member

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    I agree with most people here but for the title to be transfered, the dealer would have had to been paid for the car. That takes some time to do, usually. So someone bought the car, paid for it, the title process cleared and then they brought the car back. It seems strange the car only has 59 miles on it because they could have been driving it for a while before returning it. Unless they hated the car, brought it back and waited for the dealer to finish the return paperwork. I don't see how they can use the word new in any of your conversations. The saving grace here is the mileage because I'm sure some time went by while waiting for a new title. If it were me, I would ask for a new car just like the one I have. You are lucky though, you can try out the features and add to them on the next car or if there is some thing you don't like, take it away on the next car. I have a package 4 without the technology package. I would like to have that now. I saw it work and it was pretty neat. The only way I would keep the car you have is some form of generous compensation. This was a good thread I hope you will let us know what you deceided.
     
  6. Econ

    Econ Member

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    Vehicle:
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    Five
    SOUNDS LIKE A LAW SUIT.



    YOU PROBABLY WILL GET ENOUGH TO PAY FOR A NEW PRIUS.

    They misrepresented the car... Sold you a new car which was owned.( registered).....

    Get yourself a good lawyer.
     
  7. sub3marathonman

    sub3marathonman Active Member

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    Don't forget the "emotional distress," time off of work, and the hot coffee that was spilled. In the end, you MIGHT end up with a used Prius, but the lawyers (plural) will end up with new boats.

    (Apologies, couldn't resist)

    To me, there are only two options, a truly new Prius exactly the same as the used one the OP was duped into buying, since dealers don't in my opinion make "honest" mistakes, or about $2000 to overlook it.

    I spent 4 hours at a Ford dealer buying a new truck. Finally agreed on a price. They wrote everything up for me to sign quickly, since of course I'd been there four hours. Oh, wait, there was one little mistake, a 3 became an 8, due to a "mistake." The fact the dealer would have gotten $500 extra would have surely been fixed when it was noticed after they were paid, right? That truck sat there for months and months. They also told me they were going to fire the nice salesman because of his mix up. I said I didn't care what they did, I was leaving.

    Wait, make that a truly new Prius exactly the same as the used one and a $500 reduction in price.
     
  8. cyclopathic

    cyclopathic Senior Member

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    I'd worry about tax credit, if it is legally a used car. Also that you could have gotten a better deal. Also warranties? scratches?

    With respect to problems? it is really hard to kill a car in 59mi. If something wrong from factory it is covered by warranty.
     
  9. sub3marathonman

    sub3marathonman Active Member

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    A bit off topic, but I've wondered, will a Prius still go with the speedometer cable disconnected? Does it even use a speedometer cable?
     
  10. revhigh

    revhigh MPG Enthusiast

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    Worst advice ever.

    There is no lawsuit here because you haven't been damaged. All a lawsuit and lawyers is going to do is stretch this out for a year or so and cost you tons of money, while you most likely will be without a car and tied up for all that time.

    The dealer is going to claim that it was an honest error, and in all truth it probably was.

    Work with them as a reasonable human being and this should be resolved this weekend. Get yourself a new equivalent Prius or a nice discount on the one you have. The company is not going to give you an unreasonable amount of money because they could just give you a new one and sell the other one as used for a small loss.

    You don't really have a lot of leverage here ... other than getting a new car, which is what you bargained for in the first place. All they need to do to make you whole is to allow you to drive away in a new Prius as agreed to in the sales contract. You can either get one this weekend the reasonable way ... or you can get a lawyer, drag it out, cost yourself a whole lot of money, and in the end, just get the new car anyway.

    You're not going to get a free car or thousands upon thousands of dollars. Go back, talk to them like an honest man, and get it done this weekend. These things happen, and it's going to be virtually impossible to prove any kind of fraud ... even if it was.

    REV