verylongdrive
Veteran Member
It was explained in a similar thread here that since the assumption they make is of 1042 a month since Sept. 2015 (i.e. calculating 1042 miles per month back from the buyback date to September 2015 to make up the nominal book value), they also calculate, based on the entered current value, the mileage at buyback in this manner. (As opposed to your average miles since new, which they may not really have, though they did ask for purchase date early on.)
This seems reasonable, but it's not guaranteed. (Why they don't just let you enter your own mileage projection at buyback, or better, do that and let you see the projected buyback amount, I don't know).
Based on all this, the fact that our car is not being driven, and ignoring the fact that I put the actual mileage 7 month ago since when it's hardly moved, I subtracted 1042 per month until the appt. from the current mileage, and came up with a number that, if they assume it was going to be the mileage at the appt date, will have us in the same bracket as the actual mileage would - so pretty much no matter how they calculate it, this mileage should result in the same number on the check as what the mileage at the appt will demand.
When I set the appointment, I was curious to see if the calendar changed if I changed from check to EFT, but there was no such option. I don't remember - when in the process did one choose EFT or check?
This seems reasonable, but it's not guaranteed. (Why they don't just let you enter your own mileage projection at buyback, or better, do that and let you see the projected buyback amount, I don't know).
Based on all this, the fact that our car is not being driven, and ignoring the fact that I put the actual mileage 7 month ago since when it's hardly moved, I subtracted 1042 per month until the appt. from the current mileage, and came up with a number that, if they assume it was going to be the mileage at the appt date, will have us in the same bracket as the actual mileage would - so pretty much no matter how they calculate it, this mileage should result in the same number on the check as what the mileage at the appt will demand.
When I set the appointment, I was curious to see if the calendar changed if I changed from check to EFT, but there was no such option. I don't remember - when in the process did one choose EFT or check?
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