Waynoooo
Veteran Member
My issue with the settlement terms is with the value they used for the baseline of value for the vehicle. The proper value to have used is NOT the clean "trade in" value, but the clean PRIVATE PARTY value, which is basically the used retail price. If you look at the values on KBB or other valuation sites, the private party value is invariably 3-4 thousand dollars higher than trade in....this is the money I am "out" with this settlement. Even if I accept the fix (if and when it is ever approved), I am still out the difference between the trade in (always a deal for the dealership) and the private party value, since the restitution money is a percentage of the KBB value.
I have written letters to the law firms supposedly representing the owners, the court and VW expressing my dissatisfaction with the pricing that they are using for the buyback/compensation. Consumer Reports agrees with me, since they wrote a very nice article on it, and submitted an amicus curiae brief with the court expressing this very point. The article is HERE, with the PDF brief linked at the end of the article.
I would encourage all other owners to do the same. the address for the law firm and the court is found in the Deiselgate settlement package that was mailed out 2 weeks ago.
I have written letters to the law firms supposedly representing the owners, the court and VW expressing my dissatisfaction with the pricing that they are using for the buyback/compensation. Consumer Reports agrees with me, since they wrote a very nice article on it, and submitted an amicus curiae brief with the court expressing this very point. The article is HERE, with the PDF brief linked at the end of the article.
I would encourage all other owners to do the same. the address for the law firm and the court is found in the Deiselgate settlement package that was mailed out 2 weeks ago.
