I plan on keeping until 2018 as well. I returned the notarized package this past Friday. I want to keep my options open in case something causes me to rethink my 2018 return and not be at the back of the line.
That's what I am doing. You never know when a financial emergency might come along, and having a car ready for buyback is a comfort.
No depreciation beyond the mileage deduction (around ~$250 per 5k miles). You can basically drive a car for very very little cost for 2 years with a guaranteed selling price in 12/2018.
Finally talked to VW about it and they advised that, if I intend to wait till 2018 to turn in my car, then NOT to upload the package now and wait till I'm close to making the transaction. However, uploading the notarized package should be done by September 1 2018. The physical turn in date will be arranged between owner and VW after that.
That is very helpful. Thanks for posting
I would think that there is really no risk because the car has a provable set value. Most insurance companies pay what the car is "worth", so, I would think that your car is worth what VW is going to pay you for it. It may be wise to confirm this with your insurance company and if they say no way, change said insurance company...Mark
Maybe, but you can be your own lawyer, I have done it in the past. All you need to do is be informed and STRONGLY advocate your case. My insurance company, Encompass, has been very receptive in the past. It is premium insurance and is not cheap, but I guess that one gets what one pays for...Mark
After consulting with both VW NA and my local dealer, I uploaded all forms and received the email yesterday to schedule for a turn in day. This is where the process will be frozen for a while (Now it's my choice when to trigger this last step until December 2018). I plan to keep the car till the second half of 2018, unless a great deal presents itself (both new and used cars). I know I'm taking a risk of the car being totaled or stolen, however the risk of stolen is less than with a newer AT car.
That 90 day appointment window is a moving one. I returned my notarized offer immediately and I am waiting at least until March to turn my Golf in. Every week there is an additional week to schedule an appointment added on the claims site.
VW says NOT to upload (but wait no later than 1 SEP 2018). I wonder where your dealer's suggestion TO UPLOAD THE NOTARIZED PACKAGE came from.
After you send your notarized paper work and the acceptance email is sent to you to make an appointment for turn in, at the time you initiate that process you enter the present mileage of the car. Again, you control when to send for that appointment. As was mentioned here by Marsupial, apparently, this 90 day period is a moving target that is pushed up by a week (every week) until you initiate the turn in appointment.
See my respond to paul_arc
Thanks Tony45.
Yes, you can do that, or you can go one more step of sending the notarized package and wait for the acceptance email from VW; you then freeze the process at this point until you are ready to make the appointment to turn in the car. This is how I'm doing it, eventhough I will wait for a while before I turn in my car.