Chrysler & GM Offer New-Car Buy-Back Program - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 11-09-2011, 09:51 AM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,847
Chrysler & GM Offer New-Car Buy-Back Program

Chrysler Group and GM Offer New-Car Buy-Back Program

Nov 08, 2011

Don't want your 2012 Dodge Grand Caravan anymore after four years? Ally will buy it back from you.

General Motors and Chrysler Group have introduced a new program in some areas of the country where they will buy back your car after four years at a set price. GM and Chrysler Group both work with Ally Financial as their preferred lender for new-car financing, and with Ally’s new program, called Buyer’s Choice, the lender will buy back your vehicle if you decide you don’t want it anymore.

Ally’s program is good on purchases of new 2011 and 2012 Chevrolet, GMC, Cadillac, Buick, Chrysler, Dodge, Jeep, Ram and FIAT vehicles with loans ranging from five to seven years. At the start of the loan, Ally will give you a predetermined price of what the car will be worth after four years. If you choose, you can sell it to Ally at that time, or continue to make payments for the rest of the loan.

Ally says in a statement that its new program “delivers the best of both worlds for customers who want the advantages of both buying and leasing.”

Kicking Tires says that by getting the four-year value of the vehicle up-front, buyers can avoid being underwater on their loan after four years. “The program should offer a degree of assurance to shoppers wary of buying from GM or Chrysler, given each automaker's bankrupt past,” Kicking Tires reports.

New GM vehicles, like the 2011 Buick LaCrosse, are included in the four-year buy-back program.

Automotive News says that buyers aren’t locked-in to the four-year mark if they want or need to sell their vehicle. “As with any other loan the customer could sell or trade in the vehicle at any point,” Automotive News reports. “But the preset price applies only in the 48th month of the loan.”

Hyundai offers a similar program, called the Hyundai Assurance Trade-in Value Guarantee. When you buy a new Hyundai, the automaker gives you a guaranteed value of what your car will be worth after two, three and four years. Hyundai’s program only applies to buyers who trade-in their Hyundai vehicle toward another new Hyundai though. The automaker will give you the guaranteed value when you’re ready to trade it in, or if it’s worth more at that time, Hyundai will give you the higher amount.

The Ally Buyer's Choice buy-back program is available in California, Florida, Illinois, New York and Texas, and Ally says it will add more states over the coming months.



Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Chrysler replaces five-star program rickaren Chrysler/Dodge/Jeep News 0 07-19-2010 02:33 PM
NASCAR: Dodge Back-to-Back! rickaren Chrysler/Dodge/Jeep News 0 05-01-2010 04:48 PM
Chrysler revamps electric program rickaren Chrysler/Dodge/Jeep News 0 11-10-2009 01:01 PM
G.M. to Make a 60-Day Money-Back Offer rickaren Chrysler/Dodge/Jeep News 1 09-11-2009 03:04 PM
Chrysler Improves $2.99 Gas Offer rickaren Chrysler/Dodge/Jeep News 0 05-23-2008 01:03 PM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome