Update on my 2024 Nautilus Hybrid: Lincoln has advised they are willing to RVA the car. Waiting on their offer. The car only has 500 miles and 1 month of use, so I'm expecting 100% refund. They also offered a $2500 incentive to buy another Lincon, which I thought was pretty low, considering the major inconvenience this has caused. There would be some unspecified exclusions on that offer. I'm wondering if there is anyone else on here that has recently been through this scenario? Any insight would be appreciated. Thanks!
I have a buy back agreement on my Corsair and am just waiting on my Nautilus to be delivered before completing the transaction.
Every RAV is different. From what I can tell from others Lincoln will make it whole and you should receive back everything you have paid. You will be required to submit a LOT of documentation to the RAV team. It is your responsibility and the dealer can't do this for you. I had somewhere around 10 different documents they wanted to make the offer. Here is what I had to submit. I spent a better part of a day scanning documents to be emailed to them.
A copy of the vehicle’s current registration
Any repair orders/aftermarket receipts and rental receipts that you are seeking reimbursement for
A copy of the Front
and back of the title (if in the customer’s possession) If the title is electronic, will need to request a hard copy
A copy of the bill of sale
A copy of the finance contract for the vehicle
A copy of the title application
A copy of the Clerk of Courts (an Ohio only document)
A copy of the driver’s license of all titled owners
A written payoff statement from the lienholder which includes the following information: A 10 day payoff amount including a daily interest rate (per diem), account number, collateral information, and overnight payoff address
If the vehicle is paid off, please provide a lien release.
A payment history from the lienholder, detailing the payment amounts, and the amounts going to principal and interest.
If the vehicle is paid off, we still request the payment history, this is to credit the interest amount back to you. Should you prefer to forgo this amount, let me know.