March buyback mileage thresholds: x3,757 and x8,757

CHawk · Mar 1, 2017

Since the question always seems to come up, for those owners with March buyback appointments, you will see your payments drop when the last 4 digits of your odometer hit either 3,757 or 8,757.

Math: March is the 18th month after September 2015. The mileage adjustment subtracts 18,756 miles (1,042 miles/month x 18 months) from your March odometer reading. Adjusted mileage brackets begin at "even" numbers of 5,001 miles, 10,001 miles, 15,001 miles, etc. So, if your odometer mileage (for example) is 63,757, your adjusted mileage is 45,001, bumping you into the next higher mileage bracket and reducing your buyback amount.

DanB36 · Mar 1, 2017

Good info. Hopefully the mods will make this a sticky thread.

MBQ · Mar 1, 2017

Not such a big deal if you're good at elementary school math.

DanB36 · Mar 2, 2017

MBQ said:
Not such a big deal if you're good at elementary school math.

You're right, nobody's been confused about this so far.

Rico567 · Mar 2, 2017

danb36 said:
you're right, nobody's been confused about this so far.

^^^^^^^

This. I loathed elementary school math. Come to think of it, all math.

MBQ · Mar 2, 2017

Let's get another no one left behind program up and running, lol

PacCoastFwy923 · Mar 2, 2017

MBQ said:
Not such a big deal if you're good at elementary school math.

For what it's worth, this is from the recent progress report from the independent claims supervisor:

Finally, another component of the payment process that has generated confusion relates to the valuation methodology and the impacts on potential mileage adjustments. Some consumers have attempted to validate their offer award on their own and, often through misapplication of the somewhat intricate formula, arrived at the wrong valuation. As a result, certain consumers incorrectly perceived that they were being “cheated.” To resolve this confusion, Volkswagen has attempted to provide more consumer-friendly explanations of the valuation methodology along with reminders that the final valuation may change as a result of the mileage adjustment. Given the complex nature of award calculations and mileage adjustments, settlement specialists are instructed not to discuss specific valuation calculations with consumers at the closing, but rather to connect them with the Claims Hotline.

Clearly problems performing the math have presented enough of a disruption to the process that it required mention in this report. I agree, the math isn't "hard," but knowing where to find the tables and following the somewhat disjointed instructions can be menacing who hasn't really dove all-in to the process.

CHawk · Mar 2, 2017

PacCoastFwy923 said:
Clearly problems performing the math have presented enough of a disruption to the process that it required mention in this report. I agree, the math isn't "hard," but knowing where to find the tables and following the somewhat disjointed instructions can be menacing who hasn't really dove all-in to the process.

Agreed. I think what isn't clear for the average owner is that the mileage adjustment is based on two ever-changing variables, odometer reading and turn-in month, which affect value in opposite ways (increase in odometer subtracts; increase in time adds). In the case of vehicle depreciation (which anybody who's ever owned a car has experienced), both variables subtract from the value.

One thought on the mileage thresholds. Generally, under the settlement structure, additional miles are cheap, particularly for high-mileage vehicles. Obviously, the cost per excess mile to someone who goes a couple miles over a threshold is high, but going 500 miles over with a high-mileage TDI might be preferable to putting those miles on a leased BMW. Nothing is free.

bushido · Mar 2, 2017

turned in my car yesterday with 25 miles to spare before the payment drop.

MBQ · Mar 2, 2017

bushido said:
turned in my car yesterday with 25 miles to spare before the payment drop.

I'll return a 2014 Jetta TDI tomorrow with 53910 miles on the odometer. I rent it to my friend last year and did not expected to return it this late(or one month earlier but I will not reschedule).

There goes 390 big ones, and I am not confused, Mama!

psd1 · Mar 4, 2017

Good post, should be within 30 miles on each of our passats that go back on the 20th. Of course living 95 miles from the dealership doesn't let me afford to eek out every last mile.

Neither will go back without the low fuel light lit, though!

ezshift5 · Mar 6, 2017

Use of two buyback calculators has helped me "ration/apportion" my odometer readings - - projecting month by month (not sure when i'll take the money).

The first calculator - IIRC, provided by some really polite and organized site member - has been around about 10 months.

The second comes to us from a VW dealer in Florida.

Any feedback on use of these two (or others) sure welcome.

The $24,497 VW offer for my 2013 JSW 6M - added to previous $1,000 courtesy cards - is almost equal to my original purchase price.

ez

PacCoastFwy923 · Mar 6, 2017

The Boast VW calculator is a pretty face on one of the existing calculators -- it produced an identical error for a high mileage turn in that the other did. But for the most part, they work fine with accurate results. Never hurts to cross check against the official tables.

edge130 · Mar 7, 2017

I think if they showed an itemized initial offer that separately kshowed vehicle value, options adjustment, mileage adjustment; it would be easier to understand the total value and had a separate window to say input mileage just prior to buyback.

quattroginger · Mar 8, 2017

never even really thought of this. i scheduled my appt for March, back end Jan obviously after signing my offer letter and they didnt say anything about it. unless they are just going to dock it out of my pay they owe me for 3 months of payments since. i did receive exact amount today for what they quoted me in offer letter.

DanB36 · Mar 8, 2017

Whoever you've been paying your loan payments to will refund the overpayment--once they get paid, of course, which may take a while.

2015vwgolfdiesel · Mar 8, 2017

CHawk said:
Since the question always seems to come up, for those owners with March buyback appointments, you will see your payments drop when the last 4 digits of your odometer hit either 3,757 or 8,757.
Math: March is the 18th month after September 2015. The mileage adjustment subtracts 18,756 miles (1,042 miles/month x 18 months) from your March odometer reading. Adjusted mileage brackets begin at "even" numbers of 5,001 miles, 10,001 miles, 15,001 miles, etc. So, if your odometer mileage (for example) is 63,757, your adjusted mileage is 45,001, bumping you into the next higher mileage bracket and reducing your buyback amount.

I like it ~~ your post ~~ Helpful ~~ thanks

ram032547 · Mar 8, 2017

Dates for fixes

Does any body under stand how long VW has to get the compliant fixes to be in for the 3.0 TDI
I see some date as early as Feb 2017

DanB36 · Mar 8, 2017

ram032547 said:
Does any body under stand how long VW has to get the compliant fixes to be in for the 3.0 TDI

Does your question have anything to do with the subject of this thread?

quattroginger · Mar 8, 2017

DanB36 said:
Whoever you've been paying your loan payments to will refund the overpayment--once they get paid, of course, which may take a while.

it was VW credit lol. buddy of mine said his got marked within only couple days. guess well see.

Update: confirmed mine shows paid off through credit lender. guess well see how long it takes to receive my check for payments and if its altered for another months turn in.

jekl843 · Mar 17, 2017

Thanks for this thread, buyback scheduled in 4 days and sitting at 128500. I have just enough miles and fuel for one last weekend road trip to say goodbye

ujames · Mar 18, 2017

CHawk said:
Since the question always seems to come up, for those owners with March buyback appointments, you will see your payments drop when the last 4 digits of your odometer hit either 3,757 or 8,757.
Math: March is the 18th month after September 2015. The mileage adjustment subtracts 18,756 miles (1,042 miles/month x 18 months) from your March odometer reading. Adjusted mileage brackets begin at "even" numbers of 5,001 miles, 10,001 miles, 15,001 miles, etc. So, if your odometer mileage (for example) is 63,757, your adjusted mileage is 45,001, bumping you into the next higher mileage bracket and reducing your buyback amount.

Any idea what day of the month triggers the next bracket? Is it 18th of the month (from 9/18/2015)?

PacCoastFwy923 · Mar 18, 2017

ujames said:
Any idea what day of the month triggers the next bracket? Is it 18th of the month (from 9/18/2015)?

April 1st.

ujames · Mar 18, 2017

PacCoastFwy923 said:
April 1st.

Thanks. Here's a chart for those that don't want to do the math..

antikid · Apr 11, 2017

so, if i understand this correctly (which I don't know if I do...)

If I just let my wagon sit, and don't drive it, the buyback amount increases every month?
Or am I completely backwards?

currently at 110003 miles and it is a 2010.
I haven't driven it in a while, and don't plan on it, since I replaced it with a Fiesta ST.

CHawk · Apr 11, 2017

antikid said:
so, if i understand this correctly (which I don't know if I do...)

If I just let my wagon sit, and don't drive it, the buyback amount increases every month?
Or am I completely backwards?

currently at 110003 miles and it is a 2010.
I haven't driven it in a while, and don't plan on it, since I replaced it with a Fiesta ST.

Sort of. At your current mileage, it will increase in value on May 1st (see the mileage table posted by ujames for May buybacks), but won't increase again until September (assuming you drive it 0 miles). Since you're allowed 1,042 miles/month, and the mileage adjustment table is in 5,000 mile increments, the value increases roughly every 5 months, assuming you don't drive it. You'll have to look at the settlement tables to see how much it increases--my guess is for your car it's not a lot. You might want to just sell it back now.

2015vwgolfdiesel · Apr 11, 2017

antikid said:
so, if i understand this correctly (which I don't know if I do...)

If I just let my wagon sit, and don't drive it, the buyback amount increases every month?
Or am I completely backwards?

currently at 110003 miles and it is a 2010.
I haven't driven it in a while, and don't plan on it, since I replaced it with a Fiesta ST.

Stored (sitting) is a gamble

Battery failure?
Theft?
Vandalized?
Rodents in your wiring?
Possible hail (if stored out side)?
Insurance (if applicable)?
Re-registration?
Negative tire situations?
Plus all the vw DTi crappoollla with a sitting unit.

.... and surprise surprise ~~ you stored it out of your garage, and you found it with ALLOY wheels gone.

CHawk · Apr 11, 2017

antikid said:
so, if i understand this correctly (which I don't know if I do...)

If I just let my wagon sit, and don't drive it, the buyback amount increases every month?
Or am I completely backwards?

currently at 110003 miles and it is a 2010.
I haven't driven it in a while, and don't plan on it, since I replaced it with a Fiesta ST.

Take a look at the Jetta mileage adjustment table at https://www.ftc.gov/sites/default/files/pdf/att._2b_-_beetle_and_jetta_mileage_table.pdf

Note: calculations that follow we're done quickly and NEED TO BE VERIFIED BY YOU.

May 1, 2017 begins the 20th month since September 2015. Your adjusted mileage calculation is then 110,003 - (1,042 x 20) = 89,163. That puts you in the 85,001-90,000 mile range of the table. For a 2010 Jetta, that's a minus $630 adjustment to your buyback value if you turn in the vehicle in May. If you wait until October, you're at 110,003 - (1,042 x 25) = 83,953. That puts you in the 80,001-85,000 mile range of the table, with only a minus $360 adjustment--a $270 benefit by waiting. Waiting until February 2018 would be worth an additional $330. You see how it goes.

Just keep in mind what 2015vwgolfdiesel said in his post above.

antikid · Apr 12, 2017

i'll stick with the current buyback date of this later month. i didn't think it would be substantial, but it never hurts to ask

thanks for the clarifications

CHawk · Apr 13, 2017

antikid said:
i'll stick with the current buyback date of this later month. i didn't think it would be substantial, but it never hurts to ask

thanks for the clarifications

I think you'll get an extra $270 if you wait until May.

March buyback mileage thresholds: x3,757 and x8,757

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