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Dieselgate - VW Group Emission Scandal Discussion around the VW Dieselgate Emissions scandal. Details and news updates can be viewed here: http://forums.tdiclub.com/showthread.php?goto=newpost&t=448336 This forum is a work in progress depending on requirements, usage, etc.

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Old June 28th, 2016, 08:03   #1
da_jokker
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Default So the details of the buyback are in?

It is only 7 am here in Cali, court isn't until noon.. but this seems to know all the details...


http://www.cnet.com/roadshow/news/it...esel-vehicles/
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Old June 28th, 2016, 08:08   #2
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http://www.cand.uscourts.gov/crb/vwm...tlement#Owners

bottom of the page.
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Old June 28th, 2016, 08:09   #3
Claudio
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seems like they are offering a buyback with price depending on mode, state of purchase, mileage etc with a minimum buyback of $12,500 and a max of 44000.

People who have a lease or loan will have different options.

if you decide to keep the car waiting for a fix, you will get some money
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Old June 28th, 2016, 08:12   #4
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Buyback will include a loan payoff or erasure (if with VW finance)... This is crazy

Quote:
Buyback option: Volkswagen must offer to buy back any affected 2.0 liter vehicle at their retail value as of September 2015 -- just prior to the public disclosure of the emissions issue. Consumers who choose the buyback option will receive between $12,500 and $44,000, depending on their car’s model, year, mileage, and trim of the car, as well as the region of the country where it was purchased. In addition, because a straight buyback will not fully compensate consumers who owe more than their car is worth due to rapid depreciation, the FTC order provides these consumers with an option to have their loans forgiven by Volkswagen. Consumers who have third party loans have the option of having Volkswagen pay off those loans, up to 130 percent of the amount a consumer would be entitled to under the buyback (e.g., if the consumer is entitled to a $20,000 buyback, VW would pay off his/her loans up to a cap of $26,000).

https://www.justice.gov/opa/pr/volks...-and-deceiving
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Old June 28th, 2016, 08:12   #5
da_jokker
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yeah Road and Track posted with not a lot of details, but the one thing they did mention that the CNET post did not was.....

Buyback values will be determined by the retail value of the affected vehicle as of September 2015, prior to Volkswagen's public disclosure of the widespread emissions cheating. Owners who choose to sell their cars back to Volkswagen will receive between $12,500 and $44,000, depending on vehicle condition and mileage. The Federal Trade Commission is also requiring VW to pay off the loans of owners who owe more than their affected TDI vehicle is worth, up to 130 percent of the buyback value of the car.
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Old June 28th, 2016, 08:12   #6
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Seems VWoA has set up a "place-holder" page here for info:

https://www.vwcourtsettlement.com/en/

I assume more details will be added in the next weeks.
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Old June 28th, 2016, 08:16   #7
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Originally Posted by Tweak3D View Post
wow, that was more than I was expecting...for that price, plus the cash....I almost have to take the buy back, even though I love my TDI
edit: actually i'm wrong....i thought 5k was on top of the ~18k for my car, however the 18k buyback option includes the 5k....hmmmmmm i dont know about that

Last edited by Got Haggis?; June 28th, 2016 at 08:18.
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Old June 28th, 2016, 08:24   #8
tdiesling
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The way I read it, you'll get the trade value of NADA based on mileage and options and region as of Sept 2015, plus an additional 20% on top of that, Plus about $2990, the 20% +$3000 will not be less then $5000. Sound about right?

Disregard, just saw the numbers on No Cal Fed page. And the VW Courtsettlement page is live.

Looks like from the No Cal page, my car will be between $19500 and $21800, plus between $5800 and $6100, just about full sticker. Not bad, a free car for 3 years.

Last edited by tdiesling; June 28th, 2016 at 08:34.
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Old June 28th, 2016, 08:37   #9
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Lot's of duplicate post this morning.. so here is more duplication

http://www.cand.uscourts.gov/crb/vwm...sed-settlement

I think between those 2 links, you can pretty much cover about all of it.
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Old June 28th, 2016, 08:47   #10
tdiesling
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After further reading, I am thinking I am incorrect. It seems that the $19500-$21800 includes the cash settlement, the $5800-6100 is only if I want the repair. Cue sad trombones;-(
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Old June 28th, 2016, 08:51   #11
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Standing by on the Canadian info to follow within a month. Looks like I can move into a Golf R at this rate!
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Old June 28th, 2016, 08:53   #12
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Quote:
Originally Posted by tdiesling View Post
After further reading, I am thinking I am incorrect. It seems that the $19500-$21800 includes the cash settlement, the $5800-6100 is only if I want the repair. Cue sad trombones;-(
Yeah, I saw that too. All I can assume is the NADA values are lowball. My car on KBB was worth $19,250 before this fiasco and now the "range" on the court page is saying a max payout of $24,257. That only computes if the Sept 2015 NADA values are significantly lower.
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Old June 28th, 2016, 09:00   #13
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Originally Posted by tdiesling View Post

Looks like from the No Cal page, my car will be between $19500 and $21800, plus between $5800 and $6100, just about full sticker. Not bad, a free car for 3 years.
no, the buyback value includes the 5-6k "emissions cheat" money...read the top column
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Old June 28th, 2016, 09:31   #14
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.......this - as it is most days - is getting better and better.

Would the $$$ for my highly regarded (by this sailor) 2013 JSW 6M - with all factors included be about $17,500 - - - 39,500 miles.....no dings (or damage).............

I appreciate the help. I am document research comprehension challenged (now you know why I ended up a ship driver - - - minimum reading comp skills necessary. Just above average relation motion perception................


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Old June 28th, 2016, 09:44   #15
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Originally Posted by GigaFire View Post
Standing by on the Canadian info to follow within a month. Looks like I can move into a Golf R at this rate!
Same here - with 2 TDIs! Really curious if this will follow into Canada.
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