Yep... just like that. I've seen it several times but never acutally went through it. Most recently my buddies cavalier... I forget the year but its like the last year they made them and its a z24 ecotec nice little car with less than 60k on it and it got hit by hail. Book value was supposed to like 6-7k somehow(seems high for any cavy to me) but he talked to them about buying it back and bought it back for like 1200 and cut him a check for almost 5k and the few dents that were actually noticeable he had popped out at like $50 a dent paint less style and the car looks good as ever. And alot of other friends that have had the same thing happen I always make sure to tell them to ask what the buyback is and tell them to let me know if they aren't interested and I may buy it... and have gotten two cars like that one I repaired the other I parted and made at least double my money both times.