theWretched
New member
I have a 2010 JSW that I purchased in December of 2016. It was totaled on 7/21/2016, sold to an insurance company, purchased by a dealer, repaired and issued a rebuilt title on 11/29/2016, and shortly thereafter sold to me.
My buyback offer doesn't include the restitution payment at all - just the NADA vehicle value. The buyback letter says something like, "Based on the details of your claim, it appears that the former owner of your vehicle may be entitled to, and may have already received..." After chatting with a VW rep, I was told that on Dec 30th, IF the original owner didn't file a claim, that I'll get the full restitution.
Does this sound right? Seems to contradict what the Settlement Benefits says should occur (Exhibit 1, Section 5, subheading (b)):
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Just got off the phone with VW. Here's the scoop:
From Independent Claims Supervisor Feb 2018 report.
FYI, in case you have a similar situation!
My buyback offer doesn't include the restitution payment at all - just the NADA vehicle value. The buyback letter says something like, "Based on the details of your claim, it appears that the former owner of your vehicle may be entitled to, and may have already received..." After chatting with a VW rep, I was told that on Dec 30th, IF the original owner didn't file a claim, that I'll get the full restitution.
Does this sound right? Seems to contradict what the Settlement Benefits says should occur (Exhibit 1, Section 5, subheading (b)):
For an Eligible Owner who acquired the Eligible Vehicle after September 18, 2015, Owner Restitution is equal to 50% of Owner Restitution under ¶ 5(a), plus a share of any unused portion of the funds set aside to pay Seller Restitution...
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Just got off the phone with VW. Here's the scoop:
Owners of used vehicles that were purchased with a branded title and had a “salvage rebuilt” or equivalent title as of February 26, 2018, are potentially eligible for Vehicle Value if all other eligibility requirements are met. If the previous owner of the vehicle does not submit a claim for Owner Restitution by the September 1, 2018 claim filing deadline, the consumer also may be eligible to receive Owner Restitution in addition to Vehicle Value.
From Independent Claims Supervisor Feb 2018 report.
FYI, in case you have a similar situation!