What is the National Repurchase Program

This link seems to indicate it is related to some Toyota rental program. Perhaps rentals repurchased by Toyota?

National Risk Repurchase Program

 

It means the vehicle was sold to a car rental company with the understanding that Toyota would buy it back later. Auto Rental News explains:

Offered by auto manufacturers to car rental companies, repurchase programs are agreements by the manufacturers to buy back vehicles from the car rental company (RAC) for a set monthly depreciated value — provided the vehicle is returned in the specified time period and in the contracted condition.​

This is a normal part of the fleet and rental-car business, and it doesn’t imply anything is wrong with the vehicle. It’s not a lemon law or warranty buyback, or anything like that.

 

what does toyota do with them?

 

Sell them to unsuspecting rubes by not disclosing that they were once rental cars?

 

Yikes, is that what is meant by certified pre-owned?

 

No; “certified pre-owned” implies nothing about the source.

For example, any used Toyota or Scion can be a Toyota Certified Used Vehicle, if the selling dealer chooses to incur the cost, as long as the vehicle was originally sold by Toyota Motor Sales, U.S.A., and it meets the age, mileage, condition, and other program requirements.

 

maybe they go to auction.

 

I guess I should have been more wordy, I meant that it never occurred to me that certified pre-owned includes rental cars, I assumed those got auctioned off somewhere else. I figured certified pre-owned meant trade-ins by the original owner (okay to be wordy I understand the rental car company would be the original owner, I am referring to private owners.) I have never bought a certified pre-owned car so I guess I just have had fanciful ideas about it based on the advertising