Milage difference AND How long to receive EFT?

Calldon

Active member
Joined
Jun 3, 2017
Location
Texas
TDI
2015 Passat SE TDI
I'm turning in mine this afternoon. On the form I put down that I had 89500 miles. But I actually have 89280 miles. Would that be rounded off to 90,000 miles? I assume it will.
And how long does it take to receive the EFT payment?
 

rambalu80

Veteran Member
Joined
Dec 29, 2009
Location
Katy TX
TDI
2011 VW JSW TDI DSG
I have not turned mine in yet and so, cant answer the EFT payment question. However, my understanding is that mileage on your odo isn't necessarily rounded off. Instead, it is tiered between turn in date and Sep 2015, allowing you 12,500 miles per year or 1042 miles per month. Based on your current mileage, the above listed allowance and if my math is right, the value of your car will be adjusted as having had 56,978 miles on the ODO in Sep 2015 and this number would probably be rounded off to the next 5000 miles, i.e., 60,000 miles.

If you think I have made it as clear as mud now, try this website and it will tell you what your final buyback amount will be based on having 89280 miles on the ODO: https://agrahamg.github.io/VWBuybackCalculator/
 

2010TDI

Veteran Member
Joined
Nov 2, 2011
Location
USA
TDI
2010 Jetta Sedan TDI 6MT, 2010 Jetta SportWagen TDI DSG (sold), 2014 Jetta Sedan TDI DSG (sold), 2015 Golf SportWagen TDI DSG
I'm turning in mine this afternoon. On the form I put down that I had 89500 miles. But I actually have 89280 miles. Would that be rounded off to 90,000 miles? I assume it will.
And how long does it take to receive the EFT payment?
I've seen ppl on here say that the ETF takes around three days.

Chances are you have already turned your car back in and have your answer... but as rambalu80 said, the current mileage is used to calculate the adjusted mileage which is what the buyback is based on.

adjusted mileage = current mileage - (number of months since September 2015 * 1042)
adjusted mileage = 89,280 - (31 * 1,042)
adjusted mileage = 89,280 - 32, 302
adjusted mileage = 56,978

Buyback adjustment for the Passat is based on Approved Attachment 2C. The adjusted mileage of 56,978 puts your Passat in the adjusted mileage range of 55,001 - 60,000, the table shows a buyback adjustment amount for a MY13 of -$1,650. Ignoring the cost of insurance and your access to another car, etc., it looks like your Passat would be worth $480 more if you waited two more months.
 

Tony45

Veteran Member
Joined
Apr 9, 2013
Location
Naples Florida
TDI
2013 Golf TDI 2-door 6MT (BB - 4/18)
I'm turning in mine this afternoon. On the form I put down that I had 89500 miles. But I actually have 89280 miles. Would that be rounded off to 90,000 miles? I assume it will.
And how long does it take to receive the EFT payment?
Turn-in was on 4th and received EFT on the 9th (This morning); P.S. 7,8 were w/e days.
 
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