2014 Passat SE DSG 52,000 Miles
$28,007
-$1,440
=$26,567
+$1,000(Goodwill)
=$27,567
Paid $28,800 OTD in July 2014
Nice!
2014 Passat SE DSG 52,000 Miles
$28,007
-$1,440
=$26,567
+$1,000(Goodwill)
=$27,567
Paid $28,800 OTD in July 2014
The higher principal is due to the high tax and registration imposed on us here in social.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.
Yes, there is, but it is already included in the numbers on the charts.so maybe dumb question but isn't there a cash compensation on top of whichever deal you take?
No "condition factor" as they are to be crushed and junked. No need to have a nice car when the outcome is the value of scrap steel.Where is the CONDITION factor?
well i deff feel like i got fu*ked then. assuming then gave me 5k, and my total was right under 26k my 2 year old sel passat was only worth roughly 20. that seems extremely low.Yes, there is, but it is already included in the numbers on the charts.
Trade in value of September 2015...
•2009 9,175
•2010 10,400
•2011 13,475
•2012 14,875
•2013 17,775
•2014 20,550
•2015 18,987
Looking at todays NADA book value, I listed the retail value and then trade in values.
•2009 9,100 5,825
•2010 10,275 6,875
•2011 12,125 8,875
•2012 13,575 10,300
•2013 14,400 11,225
•2014 17,150 13,750
•2015 20,225 16,600
Pretty sure you used the base rate for an Audi A3, not the golf... 2010 golf base rate (page 4) is in the ~15k range depending on location, 2 vs. 4 door, and options.2010 Golf
Not sure what the difference is on Premium vs Premium Plus so I went with Premium. I believe the math is correct but will probably pass the next mileage threshold of 75k before the fat lady sings so deduct $180 for a mileage adjustment of $0.
Base - $19307
Sunroof + $660
73800 + $180
buyback = $20147
At the time of purchase (12/30/09) this was exempt from sales tax and got a federal rebate for being "green" vehicle. LOL! Man, I really love this car but this buyback may be hard to pass up.
I'll be interested in a 2017 GTI.
Straight calculation from Attachments 1A and 2A.
2015 GSW SEL TDI DSG
Buyback : Mod
$31,421 : $7,726
Mileage approx 15K estimated
Months since Sept assume 12mo
Mileage Adjust 12mo*1042mi/mo = 12504mi
Adjustment 15000-12504 = 2496
$+870 : $+145
Adjusted amount
$32291 buyback : $7871 fix (both assuming owned prior to Sept 2015)
Section XIII.I defines the modification payment (for Gen 3 cars) will be in two parts, first 2/3rds then 1/3rd. I assume this means there may be two stages to the fix.
I bought my car in March. Sections VII.E and IX.C say my restitution will be "Post-September 2015 Owner Restitution" plus "Post-September 2015 Owner Adjustment" defined in the Definitions section JJ & KK.
My Post-September 2015 Owner Restitution would then be
$28428 buyback: $4008 fix.
I'm unlikely to sell (since I bought the car to drive) and $4K buys more than just a tune which I'm itching to get.
No "condition factor" as they are to be crushed and junked. No need to have a nice car when the outcome is the value of scrap steel.
I hadn't thought about this, but I agree the numbers support this. IMO the best part of the proposed buyback settlement is the fixed value and those who are patient to wait to sell their vehicle back until later will benefit the most.I may not been looking at this right but if...
Does this basically means that VW is giving us RETAIL.. but at todays dollar instead of RETAIL at Pre-Scandal?
I assume your gains are from mileage allowance reducing your adjusted miles. if your paying insurance, registration and taxes, it may not be worth while. Id your looking at it as an investment, the difference between 26500 and 30000 is a return of little less than 6%.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.
That is seriously good news for me. Had $13K in damage last September from being rear ended by a moron. It was fixed, but figured that would come into the equation somewhere. I got $4850K in "diminished value" from the settlement.No "condition factor" as they are to be crushed and junked. No need to have a nice car when the outcome is the value of scrap steel.
DAMN STRAIGHTis there any way to verify the NADA Sept 2015 used car numbers without paying $50 for their archive service? the figures look a bit low, compared to Kelley Blue Book, for example.
My buyback numbers:
2013 Golf 4DR with auto trans and very low mileage: 24107
price when purchased used in May 2015 (less TTL): 19800
Return On Investment 4307
+ $1000 I'm Sorry Package 5307
sweet deal, but I'll still never buy a VW/Audi again (this was my 4th)
My NADA value as of Sept 23rd was 14750 for clean trade, average miles.is there any way to verify the NADA Sept 2015 used car numbers without paying $50 for their archive service? the figures look a bit low, compared to Kelley Blue Book, for example.
My buyback numbers:
2013 Golf 4DR with auto trans and very low mileage: 24107
price when purchased used in May 2015 (less TTL): 19800
Return On Investment 4307
+ $1000 I'm Sorry Package 5307
sweet deal, but I'll still never buy a VW/Audi again (this was my 4th)
Yep, whenever dealers "Sell" you a car they quote KBB, then when you want to trade your car in, they quote NADA,DAMN STRAIGHT
Been watching NADA vs KBB for a long time
The "Further adjustment" does not apply to you, your buyback would be $30887. You only do that if your subtotal for getting your car fixed ("Modification", column 2 in form 1A) +/- the mileage adjustment for modification total is less than $5100.Appreciate all the help and info here.
My situation is a little crazy since I put on so few miles (500/month).
But following the math given here, I believe my buyback amount will be MORE than I paid at retail for the car new in November, 2014.
The attached shows my calculation. Am I going wrong somewhere?
If it's even close to being right, I will have about $6k to payoff on the loan in March of next year, and would like to use the payoff dough to either (1) buy a used Tesla Model S; or (2), but a Passat TDi, assuming VW has new, 'legal' diesels back on the market by then.