How to do your buyback calculations (& post them here!)

Tri0de · Jun 29, 2016

jekl843 said:
I don't think you're right here as you needlessly subtracted $5,100. If going the buyback option you'd have (assuming you have ~22k miles in October 2016:
$28,836 buyback w/ your options
+$660 mileage adjustment (assumes ~8500 miles, 22000 estimated miles in Oct 2016 - 13546 miles adjustment (13 months x 1042 miles))
$29,496 buyback option

Hopefully a better outcome!

Thank you
there was an 'additional amount' at the bottom of the mileage table that seemed to say they were going to ding 5100 for mileage regardless... Hope you're right!!!

Thank you again.

Probably going to do the fix as I *LOVE* this car, but options....

Izz · Jun 29, 2016

2014 JSW fully loaded (bought in March 2015 new)
Region: Eastern
Current mileage:13,000

Buy-back value: $27,587
Options:
Power seat $360
Alloy Wheels $480 (What does "Value only" mean?)
Power Sunroof $690
Navigation $750

Total $29,867

Adjusted miles under 5,000 (I drive about 10,000 miles per year)
Mileage adjustment: $2,460

Total $32,327

Would someone double check this? It's way more than I paid for this car, so that means I drove it for a year and a half for free, and I could get into a comparably equipped brand new GSW gasser with no out-of-pocket cost. Seems too good to be true...

banshee365 · Jun 29, 2016

Is the entire amount paid by VW for a buyback listed in column 1? I assume so, but some are saying the $5,100+ comes on top of the number in column 1. I don't seem to think it is, I think it's included in the figure in column 1. No?

Column 2 is obviously the cash amount you receive after you let VW 'fix' your car.

How wrong am I here?

sparkymd · Jun 29, 2016

Buying used= screwed

Bought 2011 JSW late 2014
Base 19127
Region CA
Mileage calculate today +/- 0
Mileage calculate Oct will be deduction ( car is used for work 75+ miles per day)
Loan remaining 17k
I put over 5 k down and I won't even recouped my down payment!!! Furthermore no car no job!!!
So I'm forced into financial ruin? CA will deny registration if not fixed and there is no fix.
Lawyers? Options?.....

jhawklver · Jun 29, 2016

My calculations are:

2012 Jetta TDI Premium
Current mileage 50,700 ish
Central

Buyback: $19,187
Fender: $360
Sunroof $570
Mileage $1,170
Total: $21,287

Modification: $5,687
Fender: $60
Sunroof $95
Mileage $195
Total: $6,037

I calculated it with the mileage not going above the next level but it could be close and that would be a $4-500 difference. I do not typically drive more than the 1042 per month.

Based on what I owe, if I sell it back after my Oct. payment I'll owe $4,316 on it. So I will have anywhere from just about $17k to $21,287 depending on when I'd sell it.

For me, it puts me right in the meh category. I'm not horribly upset, and I'm not feeling "whole" either. I'd be much happier if they used Retail and may stay with the brand then. No way I will if they use trade in value as they are now.

Going to explore cancelling my extended warranty this week so hopefully I can recoup some of that now too and bank that for next car. I thought about waiting to see if that is part of the overall offer but the longer I wait to cancel the lower I'll get back.

I have my 50k service this week and that will go on dealer card. I need tires soon, brakes/rotors probably and I just got a cracked windshield... I will not be spending any money out of pocket on the car for sure.

dmarsingill · Jun 29, 2016

sparkymd said:
Bought 2011 JSW late 2014
Base 19127
Region CA
Mileage calculate today +/- 0
Mileage calculate Oct will be deduction ( car is used for work 75+ miles per day)
Loan remaining 17k
I put over 5 k down and I won't even recouped my down payment!!! Furthermore no car no job!!!
So I'm forced into financial ruin? CA will deny registration if not fixed and there is no fix.
Lawyers? Options?.....

Keep the car, get it fixed, and take the hush money

Donald

gearheadgrrrl · Jun 29, 2016

Can't run a late model car for 5 cents/mile depreciation...

In fact, it's hard to keep depreciation on a late model car below 10 cents/mile. I'd figured on running my $27K '13 JSW for 200,000 mile by which time it'd be about worthless, for a depreciation of at least 12 cents/mile. Looking at the charts, the "excessive mileage charge" is only about 5 cents/mile. My car has only 33k miles, so I'm gonna drive the wheels off it and wait 'til the last possible date to turn it in. I'm shooting for getting the odo over 100k miles, maybe 120k if I can 'cause the transmission and timing belt are due for service about then. If anything serious breaks, just limp or tow it to the nearest VW dealer and fill out the paperwork. Gotta run, in the middle of a 400 mile road trip day with my fugitive TDI!

Costello · Jun 29, 2016

CPO 2012 Passat SEL
70,000 miles, October projected miles = 76,000
Adjusted miles = 76000 - 13546 = 62,454

Buyback miles adjustment = -$900
Buyback = $23,267
Adjusted Buyback = $23,267 - $900 = $22,367

Fixit adjustment = -$150
Fixit = $6367
Adjusted Fixit = $6367 - $150 = $6,217

adios 2012, you've been a great ride..

ZippyNH · Jun 29, 2016

Borsig said:
If it breaks Im pretty sure youd just do the buyback - unless there is some clause..... especially if there is no fix out yet.

I might just do this. My loan is 0.9% anyway, and I paid 10K down on my car. My interest is only running a couple hundred dollars a year. Money is nearly free.

Its a bet/risk against someone totaling it - but even if there is an accident, as long as its not totaled - there is no loss of VW money.

It almost looks like for 2015 owners THE choice is to drive for 2 years.

+1
That's what I am thinking....
Drive my 2015.... basicly a free rental, with a warranty ....and unless I need a big non-warrenty repair...keep it till closer to the deadline since the buyback value is locked in, and I know the miles deduction is cheaper than the cost to buy a replacement car....

r11 · Jun 29, 2016

We're not selling our cars, as used, to a party that will continue to use then. Thus using notion of depreciation is inherently wrong and inappropriate.

We have our cars taken away from us and are, therefore, entitled to different method of calculating compensation and damages

dgoodhue · Jun 29, 2016

sparkymd said:
Bought 2011 JSW late 2014
Base 19127
Region CA
Mileage calculate today +/- 0
Mileage calculate Oct will be deduction ( car is used for work 75+ miles per day)
Loan remaining 17k
I put over 5 k down and I won't even recouped my down payment!!! Furthermore no car no job!!!
So I'm forced into financial ruin? CA will deny registration if not fixed and there is no fix.
Lawyers? Options?.....

I am not sure how you owe so much on a 2011 that you bought in 2014 when put $5k down. Did you have negative equity rolled in from another vehicle? I bought my '14 in late Oct 2014 and put $0 down and I owe $19k on a 72 month loan.

it will not be the end of the world. You mileage deduction will be -$360 in October and you will have made 3 or 4 payment to reduce you remain loan balance. If CA will allow you, you may want to continue to driving the car until 2018 and buy it out then. The only depreciation you are going realize the additional mileage depreciation and your loan principal will be reduced.

jhawklver · Jun 29, 2016

I'd also like to add... I don't think they'll ever get a fix for mine. If I took the modification I could pay off loan normally, then start saving that for next car. From what I can tell, if they can't fix it by the date I'll have to be offered buyback at that point, right? Is it worth the risk that they can't fix?
So if I keep the miles below 1042/month, will they always have to offer the amount I have above for buyback? No matter when you sell it back, you have the 1042 x number of months formula, right?
Let's say I have 70,000 miles in 2018. No fix available and no mileage ding... I'd have almost $22k for a 6+ year old car. Going this route I would get the tires, services, windshield etc. done like normal so there would be those expenses and potential other things to fix.
I probably need to understand the modification better but it may not be a horrible option if they can't get a fix done in time.

D_Squ4red · Jun 29, 2016

Scenario A
Buyback $ 27,077.00
Mileage $ 1,170.00
Options $ 750.00
Total $ 28,997.00

Scenario B
Fix $ 7,002.00
Mileage $ 195.00
Options $ 125.00
Total $ 7,322.00

I have a 2014 Passat TDI SE w/ Sunroof DSG trans

24,638 miles on odometer

prostart · Jun 29, 2016

Hate to ask for help, but have a question. I have a 2013 JSW with a manual trans, no options, with 21423 miles.

The Math I get is as follows.

Turn Car Back in at 12 months $ 26507.00 with 21423 miles
Have car Fixed at 12 months $ 6907.00

Turn Car Back in at 16 months $27126 with 21423 miles
Have Car Fixed at 16 months $7351

Question I have is if I just park the car till im forced to turn it in or have it fixed, say 24 months, what are those #s. It seems that the buy back #s increase the closer to the maximum buyback date. It appears that if I wait till the last month to turn the car in, and dont drive it ,my payout will escalate, am I correct on this ?

I am torn on what to do, obviously im put in a bad situation just like all of us have been. Half of me wants to take the money and put it toward my Morgage, the other half likes my Wagon so much that I dont wanna part with it. The 3rd half is afraid of what a POS it will be after its fixed. And the 4th half cant find a car to replace this car with.

It is not a problem for me to let the car sit, I only owe $4000 on it thru VW credit at 0 % interest. I have many other cars to drive.

Thanks for any help I can get, the #s are getting to me, cant look at them anymore. But it appears that if I wait till the end, I could get over 30k from VW if I dont drive it anymore.

TDI_Dad · Jun 29, 2016

2010 Jetta TDi w/DSG in the SE region

196k miles as of today.
I average 2500 miles a month.
Estimated actual October mileage will be 203k
1042*13 = 13546
203,000 - 13546 = 189,454 adjusted miles
(I have documentation showing the car had less than 170,000 miles on it on 9/18/15. Sux for me)

Restitution Amount
Buyback: $14,087
Modification: $4,837

Mileage Adjustment
Buyback: -$4,800
Modification: -$800

Buyback Mileage Adjustment
$14,087 - $4,800 = $9,287

Modification Mileage Adjustment
$4,837 - $800 = $4,037

Further adjustment
Mileage adjusted modification amount ($4,037) is below $5,100. Therefore, subtract mileage adjusted amount from $5,100.
$5,100 - $4,037 = $1,063.

Final after all adjustments

Buyback
$9,287 + $1,063 = $10,350

Modification
$4,037 + $1,063 = $5,100

SoSoTDI · Jun 29, 2016

Am I right on this?

2013 Audi A3 Premium Plus CA $29,359
Bose +$480
Titanium Package +$1800
Total: $31,637

Milage 39,500
Adjusted x10 months 29,080 miles $1,320

Since I'm in the positive I add that adjusted? $31,637+ $1,320

Total buyback $32,957

I only owe around $20,000 on the car so does that mean I'll be getting a check with the difference at $12,957?

2015vwgolfdiesel · Jun 29, 2016

no-blue-screen said:
I agree they need to step up to the plate on the new cars they sold. No NADA then they need to pay back full sticker price for the fraudulent sales made on 2015 model years. They knew about the emissions issues in late 2014 and 2015 and yet they still continued to sell the cars until the EPA formally outed them.

Plus a 20% ~~ 30% adjustment

This junk about NADA trade in as a starting point is BS

Where is the CONDITION factor?

brettsacto · Jun 29, 2016

MVJetta said:
I don't think you add 4837 to the base buyback amount. The base buyback amount includes Nada value with the minimum of 5100 dollars settlement.

DOH!

Yeah, had to re-read. Clear as mud - thanks lawyers!

So I'm at the following figures - correct?:

Buyback Price 14087 Options 600 Total 14687

Mileage -1680

Net sale to VW $13007

prostart · Jun 29, 2016

Hate to ask for help, but have a question. I have a 2013 JSW with a manual trans, no options, with 21423 miles.

The Math I get is as follows.

Turn Car Back in at 12 months $ 26507.00 with 21423 miles
Have car Fixed at 12 months $ 6907.00

Turn Car Back in at 16 months $27126 with 21423 miles
Have Car Fixed at 16 months $7351

Question I have is if I just park the car till im forced to turn it in or have it fixed, say 24 months, what are those #s. It seems that the buy back #s increase the closer to the maximum buyback date. It appears that if I wait till the last month to turn the car in, and dont drive it ,my payout will escalate, am I correct on this ?

I am torn on what to do, obviously im put in a bad situation just like all of us have been. Half of me wants to take the money and put it toward my Morgage, the other half likes my Wagon so much that I dont wanna part with it. The 3rd half is afraid of what a POS it will be after its fixed. And the 4th half cant find a car to replace this car with.

It is not a problem for me to let the car sit, I only owe $4000 on it thru VW credit at 0 % interest. I have many other cars to drive.

Thanks for any help I can get, the #s are getting to me, cant look at them anymore. But it appears that if I wait till the end, I could get over 30k from VW if I dont drive it anymore.

yrktreg · Jun 29, 2016

So what happens if you purchased your TDI after 09/18/2015 as stated in the 1A PDF?

senez · Jun 29, 2016

prostart said:
Hate to ask for help, but have a question. I have a 2013 JSW with a manual trans, no options, with 21423 miles.

The Math I get is as follows.

Turn Car Back in at 12 months $ 26507.00 with 21423 miles
Have car Fixed at 12 months $ 6907.00

Turn Car Back in at 16 months $27126 with 21423 miles
Have Car Fixed at 16 months $7351

Question I have is if I just park the car till im forced to turn it in or have it fixed, say 24 months, what are those #s. It seems that the buy back #s increase the closer to the maximum buyback date. It appears that if I wait till the last month to turn the car in, and dont drive it ,my payout will escalate, am I correct on this ?

I am torn on what to do, obviously im put in a bad situation just like all of us have been. Half of me wants to take the money and put it toward my Morgage, the other half likes my Wagon so much that I dont wanna part with it. The 3rd half is afraid of what a POS it will be after its fixed. And the 4th half cant find a car to replace this car with.

It is not a problem for me to let the car sit, I only owe $4000 on it thru VW credit at 0 % interest. I have many other cars to drive.

Thanks for any help I can get, the #s are getting to me, cant look at them anymore. But it appears that if I wait till the end, I could get over 30k from VW if I dont drive it anymore.

Yes. If you park your car now, your mileage never changes and thus your mileage adjustment changes in your favor, increasing your payout.

senez · Jun 29, 2016

yrktreg said:
So what happens if you purchased your TDI after 09/18/2015 as stated in the 1A PDF?

An Eligible Owner who did not own or lease the vehicle on September 18, 2015, but acquired it sometime
later, will be offered a cash payment of 10% of the Vehicle Value plus $1,493.365, but no less than
$2,550. This owner will also receive a proportional share of the funds not claimed by Eligible Sellers in
an amount to be determined based on available funds.
• Example 1: An Eligible Owner with a Vehicle Value of $20,000 will receive $3,493.365
as Owner Restitution. This amount was calculated by multiplying $20,000 by 10%, and
adding $1,493.365. The owner will also receive an additional amount to be determined
based on available funds.
• Example 2: An owner with a Vehicle Value of $9,000 will receive $2,550 as Owner
Restitution. This amount was calculated by multiplying $9,000 by 10%, and adding
$1,493.365. Because the result of this calculation is less than the $2,550 minimum, this
owner will receive the minimum amount. The owner will also receive an additional
amount to be determined based on available funds.

RBTDI · Jun 29, 2016

1. My current status basically as of the end of June 2016:

Car - 2014 Passat TDI SEL
Mileage - 35,240
Location - Central

2. Buyback Calculation

Car Value - $28,847 (no options to add/subtract)
Adjustment amount for current mileage - 9 mths (Oct. 2015 thru June 2016) x 1,024 = 9,216
Adjusted Mileage = 35,240 - 9,216 = 26,024
Adjusted Mileage Amount = $0 (For Model Year 2014, 25,001-30,000 mileage bracket)
Adjusted Buyback Amount = $28,847 - $0 = $28,847

3. Modification Calculation

Modification Amount = $7,377
Adjustment amount for current mileage - 9 mths (Oct. 2015 thru June 2016) x 1,024 = 9,216
Adjusted Mileage = 35,240 - 9,216 = 26,024
Adjusted Mileage Amount = $0 (For Model Year 2014, 25,001-30,000 mileage bracket)
Adjusted Modification Amount = $7,377 - $0 = $7,377

Now, since I don't know when I'll apply for either Buyback or Modification, I don't know what my mileage will be at that time. I do know though that I can drive 1,024 miles/month without affecting the Adjusted Mileage Amount. If I drive more, I may go into a higher mileage bracket and the Adjusted Mileage Amount will be a number less than zero (subtract from Car Value). If I drive less, I may go into a lower mileage bracket and the Adjusted Mileage Amount will be a number greater than zero (increase to Car Value).
That's how I'm looking at it.
LOVE MY TDi

trp3383 · Jun 29, 2016

senez said:
An Eligible Owner who did not own or lease the vehicle on September 18, 2015, but acquired it sometime
later, will be offered a cash payment of 10% of the Vehicle Value plus $1,493.365, but no less than
$2,550. This owner will also receive a proportional share of the funds not claimed by Eligible Sellers in
an amount to be determined based on available funds.
• Example 1: An Eligible Owner with a Vehicle Value of $20,000 will receive $3,493.365
as Owner Restitution. This amount was calculated by multiplying $20,000 by 10%, and
adding $1,493.365. The owner will also receive an additional amount to be determined
based on available funds.
• Example 2: An owner with a Vehicle Value of $9,000 will receive $2,550 as Owner
Restitution. This amount was calculated by multiplying $9,000 by 10%, and adding
$1,493.365. Because the result of this calculation is less than the $2,550 minimum, this
owner will receive the minimum amount. The owner will also receive an additional
amount to be determined based on available funds.

This is based of getting the "fix" correct? If going by buyback you wold get buyback amount minus 50% of the fix price.

Big R · Jun 29, 2016

2015 Audi A3 Premium Plus
No Options
17,200 miles

Buyback:
$37,778 (Column 1) ("Approximate"...whatever that means)
Adj. Mileage 17,200 - ( 9mos x 1042) = 7,822
Buyback Adjustment = $810
Total = $37,778 + $810 =$38,588

Modification (Fix) Column 2
$8,785 + $135 = $8,920

Goodwill Package = $1000

Put me in the "satisfied" camp, either way

prostart · Jun 29, 2016

senez said:
Yes. If you park your car now, your mileage never changes and thus your mileage adjustment changes in your favor, increasing your payout.

I appreciate it very much, but it seems that there has to be a glitch in there. My #s get messed up when they become positive instead of negative on the mileage deduction. Seems VW would end up saying hey were not paying you 3k more than you paid for your car out the door. If its correct, its a great savings account with interest, since theres no such thing as getting paid interest anymore.

gforce1108 · Jun 29, 2016

2013 Passat SE 6M 35k miles right now.
Buyback: 22607 base, -930 (manual), +1320 (low miles) = $22997

Modification: 6257, -155, +220 = $6322

I paid $23.1k for it over 3 years ago. $100 to use the car for 3 years? (well less counting the $1k I already got) Tempting. Obviously I'm not putting a lot of miles on the Passat and it was paid off 2 1/2 years ago. That'd pay a good chunk of a garage. I swore I'd never get rid of my TDIs but that would be hard to turn down. Of course I have 2 MKIV TDIs at the moment to satisfy me.

Cleenlivin · Jun 29, 2016

09' Sedan

2009 Jetta TDI Sedan base, original owner purchased new (guinnea pig for new engine)

Region: CA
Current mileage:approx 10,000

Buy-back value: $12,527
Options: None Covered
Total: $12,527

Modification: $4,577

Mileage Adjustment assuming 13 months: 13,546
Mileage adjustment: $7,260
Modification:$1,210

Total Buyback: $19,787
Modification: $5,787

Please chime in if my math is wrong??

I feel my only option is sell the car back since it's one of the early 2.0 common rail cars and I live in CA. I thnk if VW does come up with a fix for this model it will take away from the mileage and and kill the performance benefits which is why I bought the car in the first place. I also wouldn't put it past CARB to flag these cars for any changes (mechanical or electronic) since they've had a lot of time to research the vehicles and don't want small diesels on the road at all it would seem.

I'm also worried that if I were to hang on to it there may be a problem finding parts and getting repairs done since VW might try to put everything related to these vehicles in the recycle bin.

I have my 04' which I can still find parts for but don't think it will be the case for the early Mark V common rails.

I tend to hang on to my cars and enjoy working on them. After getting this car tuned, it's been a great performer and I hate to loose it. After buying it I got the "diesel itch" and don't relish the thought of going back to a plain old "gasser".

I may drive it and hold out to the last minute to get my fun/money worth out of it but the potential for an accident looming over my head makes me want to drive it as little as possible.

2015vwgolfdiesel · Jun 29, 2016

senez said:
Yes. If you park your car now, your mileage never changes and thus your mileage adjustment changes in your favor, increasing your payout.

Believe you are correct. ~~ As best I can figure.

As a low mileage driver, I think I can actually gain in value, and just drive it for 27-30 months.

Only risk is a wreck at totaled.

Cost will equal gas, tags, insurance,

Have bumper to bumper on drive train for 49 more months and 57,612 miles

.... and no worries about a door ding

.... condition is no factor. ~~ judge and VW made that rule

prostart · Jun 29, 2016

2015vwgolfdiesel said:
Believe you are correct. ~~ As best I can figure.

As a low mileage driver, I think I can actually gain in value, and just drive it for 27-30 months.

Only risk is a wreck at totaled.

Cost will equal gas, tags, insurance,

Have bumper to bumper on drive train for 49 more months and 57,612 miles

.... and no worries about a door ding

.... condition is no factor. ~~ judge and VW made that rule

Im showing over 30k for a car I paid 27k if I park it with my 21500 miles on it. Put it on Non Op, pay VW off, take it off insurance, park it in the car port, and its a saving account. Keep driving my 2003 TDI.

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