Dieselgate: Volkswagen to Spend Up to $14.7 Billion to Settle ...

fan of fanboys said:

what does that mean, they will pay difference in what you owe and the buyback?

so I owe $20K and my buyback is $24,467

Where would I end up?

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With $4467.

^ how can I tell what gen motor I have? 2014 jetta if that helps

The part I am confused on is the $2,986.73. Does it go like this?

Buyback + modification +/- mileage adjustment =$xxxx + $2,986.73.



http://www.cand.uscourts.gov/crb/vwmdl/proposed-settlement

https://www.ftc.gov/sites/default/files/pdf/att._1a_-_buyback_modification_table.pdf

https://www.ftc.gov/sites/default/files/pdf/att._2a_-_golf_mileage_table.pdf

tvmaster said:

OK, now I'm officially confused. The amount calculated for mileage adjustment, in our case from what I can figure out is $4890....
does that get ADDED to the KBB amount, or SUBTRACTED?
If the later, it's time to lawyer-up (which, we hear, VW has to pay 100% of lawyers court costs)
so which is it?

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Lower mileage cars have a positive mileage adjustment. Higher mileage cars have a negative mileage adjustment. Seems pretty straightforward to me.

My 2015 currently has 26K miles, which is fairly high for a car driven for 15 months. When I do my calculation I have a slight negative mileage adjustment, and I can't argue with that. All told, the published numbers are saying that I will get $24,375 on my 2015 Jetta SE, which I believe is a bit more than I paid for the car, including taxes, registration, etc. I owe about $16K on my loan. So, I will come out of a buyback doing fairly well.

That being said, I think I want to keep the car. Looks like I'd get about $6,600 on compensation for a fix, if such a thing ever materializes. As others have said, my concern there is the uncertainty that goes along with waiting on a fix.

Either way, it seems there is still plenty of waiting to be done. Nothing happening until at least October???

flyanddive said:

With $4467.

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that is what I thought, just checking. did not know if they would give extra to get that $5,100 number. did not think so but wanted to check

if so it makes more sense for me to pocket the extra $2k, hold on to the car for 1-2 years and hope value does not drop anymore and possibly goes up/remains steady

I missed that part, thank you! It's still not great since I am averaging 28k miles annually, but at least it's better than nothing.

fredthe said:

As for high mileage before the fix, there is also a warranty for 4 years/48k miles after the fix.

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fan of fanboys said:

what does that mean, they will pay difference in what you owe and the buyback?
so I owe $20K and my buyback is $24,467
Where would I end up?

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You would pocket $4,467 after your note is paid by VW.

node_one said:

Those tables are for the US Miles. You're in KMs.

Canadian Info is to come out tomorrow per: https://www.vwemissionsinfo.ca/news/tdi-update-u-s-court-filings-regarding-u-s-2-0l-tdi-vehicles/

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No, Canadian info may be released July 29 per your link.

The US numbers don't look that great to me. Typically Canadians pay more for vehicles and I'm hoping the CAD Sept. buy back numbers reflect that fact.

flyanddive said:

I highly doubt there will be a fix for the gen 1 and 2 cars. The Gen 3 has the ability to be fixed because that engine was designed to take on a treatment system.

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cause gen 2 cars aren't the same as gen 1 . Theres a reason there are three gens.

paul_arc said:

The part I am confused on is the $2,986.73. Does it go like this?

Buyback + modification +/- mileage adjustment =$xxxx + $2,986.73.



http://www.cand.uscourts.gov/crb/vwmdl/proposed-settlement

https://www.ftc.gov/sites/default/files/pdf/att._1a_-_buyback_modification_table.pdf

https://www.ftc.gov/sites/default/files/pdf/att._2a_-_golf_mileage_table.pdf

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I think it is like this:

buyback offer = buyback (column 1) + 5,100 +/- buyback mileage adj.
modification offer = modification (column 2) + 5,100 +/- mod mileage adj.

If I'm doing my math right our 2011 books 17057 in my region plus 540 for the sunroof. We have 98k miles, but subtract 8k puts us at 90 for - 1740 for a value of 15857, on top of that 20 percent plus 2986.73 gives us roughly 22k.

I expect the additional sensor requirements for the Gen 3 mods is what is referred to in the reference to partial (2/3+1/3) payments.

philip_g said:

If I'm doing my math right our 2011 books 17057 in my region plus 540 for the sunroof. We have 98k miles, but subtract 8k puts us at 90 for - 1740 for a value of 15857, on top of that 20 percent plus 2986.73 gives us roughly 22k.

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I believe the 20% +$2986.73 is included in the $15857 figure.

fredthe said:

I expect the additional sensor requirements for the Gen 3 mods is what is referred to in the reference to partial (2/3+1/3) payments.

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So you dont get the last 33% until 2020 or some nonsense? What? LOL.

What a joke. If I could get what I paid for this 2015 (my number is LESS) then I might just be gone.

I want the fix , money up front, warranty and be left ALONE. Not drug out until 2020 hoping someone totals the car and I lose my ass.

parisot said:

I think it is like this:

buyback offer = buyback (column 1) + 5,100 +/- buyback mileage adj.
modification offer = modification (column 2) + 5,100 +/- mod mileage adj.

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I'm not certain about that. I think you pick column 1 or 2, +/- mileage, and call it a day....

I'm happier than a pig in ....

Will take my $5900, have the fix. Then fix the fix.

So if you had a Gen 1 car with 80k, needing service based on odometer programming, and had access to another car, would it be smarter to just garage it, or at least not pay for any service work until the buyback was a go?

why spend service money if it's a sure thing the modification can't be done?

PFCoppinger said:

...
In any event, because the mileage adjustment simply assumes 1042 miles/month, rather than counting actual miles, high-mileage drivers get penalized for waiting because the "adjusted mileage" for September 2015 will increase over time.

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That could be intentional, if you think about it. They want to get the high mileage cars off the road sooner since they are producing more total pollution, so there is an incentive to act now. If you never drive the car the pollution impact is less, so it's better to wait.

Why wont they refund tax paid? You get tax back when you get your insurance totals your car.

This is simple, why are we discussing something we won't see until fall anyhow. We can give input end of july...but won't see anything until the leaves fall off...

npb said:

I'm not certain about that. I think you pick column 1 or 2, +/- mileage, and call it a day....

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This is at the bottom of the mileage adjustment document:

Further Adjustment
(applies to both Buyback and Modification)
If the Modification amount from (5) above is less than $5,100:
a. Subtract the Modification amount from (5) from $5,100.
b. For Buyback: Add the result from (a) to the number from (5) above.
This is your Mileage‐Adjusted Buyback Amount.
c. For Modification: Add the result from (a) to the number from (5) above.
This is your Mileage‐Adjusted Modification Amount.

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paul_arc said:

The part I am confused on is the $2,986.73. Does it go like this?
Buyback + modification +/- mileage adjustment =$xxxx + $2,986.73.

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I read it as either/or. If it's a buyback figure Buyback price +/- Buyback mileage adjustment. If it's a mod, it's mod price +/- mod mileage adjustment.

parisot said:

I think it is like this:

buyback offer = buyback (column 1) + 5,100 +/- buyback mileage adj.
modification offer = modification (column 2) + 5,100 +/- mod mileage adj.

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Where do you get the extra $5,100 from? I see it as just option +/- matching mileage adjustment.

It looks like the calculation at the end (involving $5,100) is to make sure you get a Minimum of $5,100 (or equivalent in buyback) regardless of mileage.

Let's do the math....

2015 Jetta Sportwagen - Buyback amount with added options is $29,957.

Mileage adjustments from 2A. Currently at 51,000k in June.
Sept 2015 - June = 10 months x 1042 = 10420 adjustment so 40,580.
At that mileage the adjustment is - $1,170.

So my buyback amount is $28,787.

I owe 10k so it works for me!

Unless I misunderstood the deal......

Can someone please clear something up for me?

I have about 32k in total that I was paying back on my 2015 tdi sel. I had the LDAP (WHICH IM NOT GETTING COMPENSATED FOR, BS!!!) plus an extended warranty so that's why my amount is higher.

Now based on what I see I'm going to probably getting back around 27-28k for my jetta because I almost have 30k on it now (I know minus their free 10k miles and I'm still at 20k, especially by July).

Anyway I financed my car through VW and have probably paid them 3k since I bought the car.

Now because their offer to buyback the car doesn't cover what I financed are they offering me 130% of the cars value to get me out of my loan? Plus the 6k I get back in addition to the buyback?

I really dont want to owe VW money when they buy my car back, that would be crap.

fredthe said:

Where do you get the extra $5,100 from? I see it as just option +/- matching mileage adjustment.

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This is at the bottom of the mileage adjustment document:

Further Adjustment
(applies to both Buyback and Modification)
If the Modification amount from (5) above is less than $5,100:
a. Subtract the Modification amount from (5) from $5,100.
b. For Buyback: Add the result from (a) to the number from (5) above.
This is your Mileage‐Adjusted Buyback Amount.
c. For Modification: Add the result from (a) to the number from (5) above.
This is your Mileage‐Adjusted Modification Amount.

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I read this on the Edmunds site:
Consumers will also receive cash payments in addition to the buyback value.

Most owners who purchased a 2.0-liter vehicle before September 18, 2015 will be eligible for a payment ranging from $5,100 to approximately $10,000 per vehicle. Owners who bought their cars after that will get the vehicle's value and restitution worth at least $2,550.

They sure make it sound like the $5,100 to $10,000 is still in play and added to the buy back amount.

fan of fanboys said:

So if I did my math right I have a 2014 Jetta with power seat, Fender, Aluminum/alloy wheels, power sunroof and I am in the southeast
doing the mileage deduction my buyback would be
$24,647

and the fix would be $6,667

I currently own right at $20k on the car

So I would pocket $4,467 with buyback and $6,667 with fix

for me that is not enough money for the buyback

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YOu pocket 6,667 with fix IF a fix is available and take the risk of $20k downside on the asset you still own as opposed to 4467 + 0 risk for buyout.

parisot said:

This is at the bottom of the mileage adjustment document:

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Exactly, but that just sets a floor on what you get, it's not just added.

Right now, it looks like getting the fix could be a great deal. Check out my posts here:

http://forums.tdiclub.com/showthread.php?t=462939&page=29