DanB36
Veteran Member
No title, the car's financed.They rejected my title but accepted my registration, but accepted others' titles. Try title?
No title, the car's financed.They rejected my title but accepted my registration, but accepted others' titles. Try title?
My understanding is that this is paid immediately when the claim is approved--you get half now, and the other half when the fix is done. If a fix isn't approved, the participation payment is deducted from the buyback or whatever else you get.Does anyone know how the "Participation Payment" works? Anyone that's registered on the portal and submitted docs - has there been any language about claiming the Participation Payment?
You should still have a title, it will just show a lien.No title, the car's financed.
Double check how the site is describing this car. Some have found that due to a glitch their Luxes and Execs were being listed as Sports. When this is cleared up you would see a big bump in value.I just entered my first 2012 Touareg Executive with 87k, vehicle value is only listed as $27,900 plus $5,333, total of $33,233. Seems really low considering the VW Payment range table is showing 2012 VW Touareg Utility 4D TDI Executive $45,155 ‐ $49,500.
Any thoughts?
I have less than 12, but also 50/50Entered 12 claims last night. Appears I ended up 50/50 on previous owner claims. I'm curious from other bulk buyers what their ratio was.
No, in GA the bank holds the title until the car is paid off.You should still have a title, it will just show a lien.
The representative also said my registration was "rejected in error I do apologize".Proof of Ownership. May include: Title, Prior Title, Title Acquisition, Bill of Sale, Odometer Disclosure Statement, Registration Document, Insurance Document
California is the same, bank holds title till paid off.No, in GA the bank holds the title until the car is paid off.
California is the same, bank holds title till paid off.
Just contacted them on chat; they say (no doubt from the pop-up on the site that I didn't see):
The representative also said my registration was "rejected in error I do apologize".
When asked if the insurance card I uploaded should be accepted, she said "I'm not a document validator, but it's on the list."
I can upload all the purchase papers (bill of sale, odometer disclosure, etc.), as I scanned them all when I bought the car, but that seems a bit excessive.
Actually I dont think there was any detailed description for my Executive where the sport said specifically "SPORT" and I cant seem to get back to to review the VIN details on the portal.Double check how the site is describing this car. Some have found that due to a glitch their Luxes and Execs were being listed as Sports. When this is cleared up you would see a big bump in value.
Also, was there a former owner of this vehicle? That would cut your restitution payment in half.
Would mileage have anything to do w it? Mileage on other one is much higher?Actually I dont think there was any detailed description for my Executive where the sport said specifically "SPORT" and I cant seem to get back to to review the VIN details on the portal.
The $27,900 base figure seems very low, and the restitution of $5,333 is more than likely half / 50%.
I assume these figures are not including the tax payments?
I wouldnt think the mileage between the two would account for almost $10k, the Sport has 27k and the Executive has 87k. I am 99% sure there is a pretty significant NADA value increase of the Exec compared to the Sport considering all other things equal.Would mileage have anything to do w it? Mileage on other one is much higher?
I had issues with this. An Exec showed up with a value of $27,900, and a Sport Nav showed up with $27,900 as well.I wouldnt think the mileage between the two would account for almost $10k, the Sport has 27k and the Executive has 87k. I am 99% sure there is a pretty significant NADA value increase of the Exec compared to the Sport considering all other things equal.
I just looked at the Nov 2015 NADA value guide and there is about $6k NADA value difference between the two vehicles.
Where have you heard of others with Lux and Exec's having issues?
I don't think it's "alternate reality", just people who would like to make money.When I read stuff like this I know we've crossed over into alternate reality. I know I am not the only one who wants the fix to succeed. If you read the transcript from Breyer's court, the FTC representative seems to indicate that the fix will in high likelihood be accepted. Two of the three subclasses have already been submitted by VW to EPA and CARB.
If you bought gen 1's to flip, you are fine. If you bought gen 2's, you took a chance and might come out ok, but don't assume your arbitrager's perspective applies to us all.
I don't think it's "alternate reality", just people who would like to make money.When I read stuff like this I know we've crossed over into alternate reality. I know I am not the only one who wants the fix to succeed. If you read the transcript from Breyer's court, the FTC representative seems to indicate that the fix will in high likelihood be accepted. Two of the three subclasses have already been submitted by VW to EPA and CARB.
If you bought gen 1's to flip, you are fine. If you bought gen 2's, you took a chance and might come out ok, but don't assume your arbitrager's perspective applies to us all.
I just called the claims number and got through to them in under 5 minutes.I had issues with this. An Exec showed up with a value of $27,900, and a Sport Nav showed up with $27,900 as well.
Another Sport showed up as $27,900, so if you're seeing that number, it's for a sport without nav.
I wouldnt think the mileage between the two would account for almost $10k, the Sport has 27k and the Executive has 87k. I am 99% sure there is a pretty significant NADA value increase of the Exec compared to the Sport considering all other things equal.
I just looked at the Nov 2015 NADA value guide and there is about $6k NADA value difference between the two vehicles.
Where have you heard of others with Lux and Exec's having issues?
I don't think it's "alternate reality", just people who would like to make money.
Do you mind me asking: what are you going to do with them if there is a fix? Their market value is going to plummet isn't it? you'll make some fix/restitution money but presumably lose all that in resale.I have about $500k worth of Gen 2 vehicles that will be worth nearly $1 million if they don't find a fix. You bet your ass I'm praying that they don't find a fix or the fix doesn't work - I could very nearly retire with that amount of cash.
Not in AZ, sold back 2 2.0's without titles. The reg worked for me, "Documents Complete"!You should still have a title, it will just show a lien.
I actually owned several of these cars prior to the scandal. They're great cars. My own financial interests aside, I can't see why anyone would root for the currently proposed fixes to work. Here's why:The operative word was "all" of us do.
This is what my son calls "main character syndrome." Here we are on a diesel car site, founded for lovers and drivers of diesel cars, and where the expectation would normally be that folks here would want the cars to perform well, instead, due to what I think I am very accurately calling an "alternate reality" situation, many are rooting for the opposite, so they can cash in cars they have no attachment to for a payday.
Yes, it's weird. But no worries, you are the main character in this drama, and what you want for yourself, we all must therefore want for ourselves.
I have a dealer license and will sell them as pre-owned vehicles with extended warranties. Most of the vehicles I've purchased were between $25-35k, so the repair + Bosch payment is roughly 1/3 to 1/4 of the vehicle value. It's unlikely that the values will drop sharply enough to erase all of that profit, especially considering the extended warranty on the Gen 2 cars.Do you mind me asking: what are you going to do with them if there is a fix? Their market value is going to plummet isn't it? you'll make some fix/restitution money but presumably lose all that in resale.
Actually I am the original poster, others are just agreeing. Whats weird is anyone would not want the buyback option and getting that money. The car w a fix is going to have a crap resell value and perform worse w more work(adding more adblue). Who in their right mind would prefer that???The operative word was "all" of us do.
This is what my son calls "main character syndrome." Here we are on a diesel car site, founded for lovers and drivers of diesel cars, and where the expectation would normally be that folks here would want the cars to perform well, instead, due to what I think I am very accurately calling an "alternate reality" situation, many are rooting for the opposite, so they can cash in cars they have no attachment to for a payday.
Yes, it's weird. But no worries, you are the main character in this drama, and what you want for yourself, we all must therefore want for ourselves.
Well, I'm rooting for you. There are plenty of Gen 2s popping up out there but I'm too risk adverse to get involved in that!I have a dealer license and will sell them as pre-owned vehicles with extended warranties. Most of the vehicles I've purchased were between $25-35k, so the repair + Bosch payment is roughly 1/3 to 1/4 of the vehicle value. It's unlikely that the values will drop sharply enough to erase all of that profit, especially considering the extended warranty on the Gen 2 cars.
I wonder what the odds on buyback of 13-14's ?And the 13-14's only have 5 more months for a timely fix. Their date is oct 23rd if I am not mistaken.
Thanks, it definitely is a risk, but a pretty controlled one. From my calculations before I started buying them, it'll either be a 95% ROI or 10-15% ROI. Neither of which is terrible.Well, I'm rooting for you. There are plenty of Gen 2s popping up out there but I'm too risk adverse to get involved in that!
I see. But has anyone actually gotten any details about how specifically that Participation Payment for Gen 2 vehicles is paid?My understanding is that this is paid immediately when the claim is approved--you get half now, and the other half when the fix is done. If a fix isn't approved, the participation payment is deducted from the buyback or whatever else you get.
I would say those are the best bet, the fix date is 1-2 months earlier then the others. I dont know if they made any changes between those and the cars/or 15/16 q7/5 and touregs that would make them a tougher fix.I wonder what the odds on buyback of 13-14's ?
The other plus is that the 13s/14s generally have better returns. I don't own a single 15/16 because they all are priced too high to deliver reasonable returns.I would say those are the best bet, the fix date is 1-2 months earlier then the others. I dont know if they made any changes between those and the cars/or 15/16 q7/5 and touregs that would make them a tougher fix.
Do we know which 2 of the 3 subclasses have been submitted? If the 13-14's havent been yet I would double down that these cars will not get a timely fix.When I read stuff like this I know we've crossed over into alternate reality. I know I am not the only one who wants the fix to succeed. If you read the transcript from Breyer's court, the FTC representative seems to indicate that the fix will in high likelihood be accepted. Two of the three subclasses have already been submitted by VW to EPA and CARB.
If you bought gen 1's to flip, you are fine. If you bought gen 2's, you took a chance and might come out ok, but don't assume your arbitrager's perspective applies to us all.