I am curious if you would consider keeping your Passat if an emissions fix is offered. If not, why? That is the direction I am leaning right now, I am interested in arguments either way.
I cannot think of any conditions under the current settlement to the CAS whereby we'd keep the car.
Here are the elements in my thinking that have convinced us to to the buyback:
1. We bought this car new in July '13, it now has @58K miles on it, so it should have around 80K on it by the end of next year. I've done all the buyback paperwork, and in September will secure a December 2018 date for a turn-in appointment.
2. VW is going to pay us @$27K for the car, only @$2K less than we bought it for.
3. At turn-in, this is going to be a 5 1/2 year old car with significant wear & tear on a number of expensive components. We will buy a brand new car to replace it, although it's an unknown at this time how much more that will cost.
4. This car has been our first diesel. We've really enjoyed it, especially the fuel efficiency, and it's been very little trouble. But the complex and somewhat fragile emissions systems hung onto these CR diesels do not bode well for maintenance expense down the road.
The downsides of doing the buyback are obvious:
1. There will likely be no diesel that is in the size range of the Passat that is not outrageously more expensive (and we will not consider a smaller car, nor an SUV, so things like the ephemeral Mazda CX-5 or Chevy Equinox are right out).
2. Keeping this car as long as we can also carries with it the risk that the car might well be totalled in an accident, in which case we'd probably not realize as much money for it.
3. We will face the additional expense of state sales tax when we buy a new car, which we would not do if we kept it and did the fix.
Given all of the above, we've decided to do the buyback.