What Does it Mean When GM Says They Will “Buyback” Your Vehicle?

If GM is offering to “buyback” your Chevrolet, Buick, Cadillac or GMC vehicle, that does not mean that they are going to cut you a check in the amount of what you paid for your vehicle. The dealership is actually offering to take your vehicle back — as a trade-in for another car. This type of buyback does not work out to your benefit, especially if you owe more on your vehicle than … [Read more...]