My '06 GT leaks. Water streams in from under the passenger side fuse box and has started growing mold under the carpet. I've been in for service 4x & 47 days total and the car still leaks. I filled an initial lemon law demand letter with Ford after the 3rd attempt.
After picking up the car & it still leaking, the General Manager of the dealership said the best course of action is to notify Ford that it still leaks & that would initiate a buyback/repurchase investigation.
Now, my question(s) are with the buyback/repurchase procedure...
-If Ford makes a buyback offer, do I receive money (which I then payoff my current loan & buy a new car from any dealership) or is my vehicle swapped out for a vehicle of equal value? Do I get a choice?
Essentially, even with this problem, I cannot bring myself to drive anything but another Mustang. So, I am more interested in if I would get a car of equal value, would I be getting another auto loan or does this "switch" with my current loan, or is it easier to just do a dealer trade-in (also an option, as the GM said he would give full trade-in value & invoice on a new car, plus current incentives).
Any feedback or experiences would be greatly appreciated.
-Tom
After picking up the car & it still leaking, the General Manager of the dealership said the best course of action is to notify Ford that it still leaks & that would initiate a buyback/repurchase investigation.
Now, my question(s) are with the buyback/repurchase procedure...
-If Ford makes a buyback offer, do I receive money (which I then payoff my current loan & buy a new car from any dealership) or is my vehicle swapped out for a vehicle of equal value? Do I get a choice?
Essentially, even with this problem, I cannot bring myself to drive anything but another Mustang. So, I am more interested in if I would get a car of equal value, would I be getting another auto loan or does this "switch" with my current loan, or is it easier to just do a dealer trade-in (also an option, as the GM said he would give full trade-in value & invoice on a new car, plus current incentives).
Any feedback or experiences would be greatly appreciated.
-Tom