Why does Ford REALLY want to buy back my car? Question...

[Ann-Marie Senior Member Find all posts View Profile Close Ann-Marie]

I just received a letter from Ford that they want to buy back my 2008 Explorer. It states that they need to locate 8 of them because of demand on their pre-owned cars and that the demand for this car is very high. They are offering up to $24,000 back for the car with no obligation to purchase another one.
This is the thing. I really do not like the car. I have owned a Ford Explorer for probably the last 15 years. This one that I have now has the WORST blind spots and the back window was made smaller with the visability a lot less when backing up. The other thing is right now we need to rent a trailer to get a bunch of stuff down to our house in S.C.. Apparently U haul will not rent a trailer to be hitched onto a Ford Explorer because of a law suit about 10 years ago. So my other options are going to cost a lot more money.
Just wondering what others think Fords motive is here and what you would do. Thanks

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

"up to $24,000"

They may only offer you $10,000.
Guess it is best to check the Blue Book Value of your car and see what it is actually worth.
If u try to sell it yourself chances are u will not get nearly what the Blue Book value is.
As long as you are not obligated to buy another car from them and they are actually offering you real money, you have nothing to lose to check out what they are offering.

[joycapecod Silver Contributor Find all posts View Profile Close joycapecod]

I spent my "life" in the car business. They do not "want" your vehicle. They "want" to sell you a new one.

I got an offer from Honda to get me in a NEW Honda for payments of less than I am making on my 2005. Interesting is the fact that I have no payments on my 2005 since I paid cash for it in 2004. So, are they going to pay me to buy a new Honda????

This is equivalent to timeshare scams.

Joy

[Presley Senior Member Find all posts View Profile Close Presley]

I had offers from a local dealer wanting to buy back my car "due to high demand for resale of my model." When I went in, they said my car had negative equity and that it wasn't eligible.

[JWC Super Moderator Find all posts View Profile Close JWC]

It is just another scam to get you into the dealer and sell you a new car.

[Ann-Marie Senior Member Find all posts View Profile Close Ann-Marie]

Thanks everyone. I get the point!!

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Not sure if this has any thing to do with it but I had heard 4 months back that Ford Lincoln Mercury was getting a a better return on there lease returns. They bought my Lincoln MKS 3 months early and gave me the same car with new toys that they have now for less than what I was paying. Then they contacted my friend and they offered to buy back his Mountaineer 8 months early. It looks like there residual value is going up so they can give us better deals

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Ford actually did "buy back" a '95 1-ton van from us, after 20 brake jobs the first year failed to fix them. They said they'd send it to the crusher.

I put a note inside the owners manual in the glove box: "If you are reading this, give me a call . . . (phone number)".

Shur nuf, someone gave me a call. The van was sitting for sale at a local Ford dealer.

Perhaps the auto industry and timeshare industry have the same training courses.

[PigsDad Senior Member Find all posts View Profile Close PigsDad]

Ford actually did "buy back" a '95 1-ton van from us, after 20 brake jobs the first year failed to fix them. They said they'd send it to the crusher.

I put a note inside the owners manual in the glove box: "If you are reading this, give me a call . . . (phone number".

Shur nuf, someone gave me a call. The van was sitting for sale at a local Ford dealer.

Perhaps the auto industry and timeshare industry have the same training courses.

Kind of makes you wonder if all those "Cash for Clunkers" vehicles were really destroyed...

Kurt

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

What's more amazing is that they could call me when it said (Phone Number).

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Thanks everyone. I get the point!!

Me, too!

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Ford actually did "buy back" a '95 1-ton van from us, after 20 brake jobs the first year failed to fix them. They said they'd send it to the crusher.

I put a note inside the owners manual in the glove box: "If you are reading this, give me a call . . . (phone number)".

Shur nuf, someone gave me a call. The van was sitting for sale at a local Ford dealer.

Perhaps the auto industry and timeshare industry have the same training courses.

Scary!