2003 Cobra Vert FL Manuf Buyback Title?

[94SVTCOBRA]

Help?
I have the opportunity to get 2003 Cobra Vert supercharged with 15,000 miles on odometer. It was a ford buyback 5 weeks after it was originaly purchase in 10-2003.

VIN: 1FAFP49Y23F411980

I have reviewed a copy of the dealer service records and only find that
the buyback issue seems to be a bad battery - cracked eye and it was replaced.

Bill Currie Ford -
Within the next five weeks. The car went in for RAV inspection. Then Cooling System corrosion surface CCL87. Engine was pressured cleaned in front, water pump, radiator to clean up corrosion.
Car went back in for engine general appearance CCD50.
Tech Replaced valve covers, bolts, super chrger pulley corroded.
Car back in for exhaust system corrosion - Mufflr, exhaust sys tailpipe CCE43
Tech Replaced converters and mufflers, pressure cleaned complete underside and undercoat per RAV for appearence.

Ford Then bought this car back under FLorida 3 strikes same issue lemon law.

Car was shipped back to Farmington, MI - 12-2003
Then sold at auction back in FL - 2-13-04 to a dealer
New owner took title 3-06-04 with 627 miles on car.

Only other issues were 2 batterys replaced - not holding a charge then the alternator which fixed the dead battery issue. In 2005


Car has a remanufacture sticker on the door - says 12 mos / 12,000 miles wty.

Does anyone know if this is wty replacing the 3 yr / 36,000 mile or in addition to ??

Car cranks right up. Idles perfect and did not have a ticking driver side head.
Some minor cosmetic issues outside. Mint inside. Super charger and valve covers look like new.

Title is stuck with BUYBACK brand until 10/06.
A private owner can then take this off the physical title after 36,000 miles or 34 mos have passed from original 1st date of title.

car can be bought for around $20,000. Should I run far away or jump on this deal. How will it affect seling in 3 or 4 years. Title will show clean then.
How bad could the battery acid have been from 2 yrs ago.

Feed back please
Reg

 

[COBRA90GT]

I'd steer clear of it, no telling what other "hidden" issues might be associated with that car...

My .02

 

[Uncle Meat]

Sounds like she has had some bad luck in her short lifetime... Like anything else in life, it's a gamble! PM svttech76 and ask him, he works for a stealer... er I mean dealership!

U.M.

 

[Mike97gt]

I used to own a buyback car myself. it was a 1987 buick turbo t regal that had repeated powermaster failure and was fixed at the factory. So you can find a good buyback car for a good price but you have to be carefull

I looked over the warrenty history of that car and I think the primary buyback reason was customer concern of corrosion, I think they felt it was better to give this guy a new car than deal with lawsuits over the spilled acid. As uncle meat said, buying these cars is a gamble. but fromt he looks of it I think the primary cause of the buyback was customer satisfaction.

Check the car over really well, but I think you will find this car is just fine.

 

[94SVTCOBRA]

Svttech76
The driver has a remanufactured sticker 12 mos / 12,000 miles wty.
In your experience, Does this replace the factory 36/36,000 or add on to it.

When I talked to ford direct. They say it replaces the 36/36,000. But I dont think the guy I spoke to really new.

Did you see anything else in the Wty records other than battery corrosion repairs and the 2 batterys and alt.
That is what was given to me from the dealer to review.

My gut is saying this car it ok.

Reg

 

[03mustangcobra]

If you will be buying this from a ford dealership see if they will put it under the certified pre owned program. If so the car will come with a 7/70000 warranty on drivetrain, plus I think you can get something like 4.9% financing with ford credit.

 

[94SVTCOBRA]

Wholesaler to public has the car.

He bought it from a local BMW dealer as trade in.

My credit union offers extended wtys. Got the ok to lend on this type of title. They are checking now is there wty company will step up and issue wty contract.

Reg