bubbagumpshrimp
Veteran Member
They'll establish a baseline from a set point in time (i.e. Just before the news broke in early September 2015), tack on $'x', and that will be it.One unintended consequence of VW buying back all the TDI cars is that prices of used TDIs will quickly rise above what VW is willing to pay. If VW offers to pay the value of the car before the scandal plus $5000, that "floor" creates an immediate arbitrage opportunity for people to buy a car at auction then flip it to VW. Auction prices will therefore quickly rise to a value just below the VW "floor" and will exceed it for more desirable cars.
Keep in mind...they're targeting a 90% or so buyback rate...not 100%. They aren't going to attempt to base a compensation, fix, and buyback in the order of $10,000,000,000 based on what a few people do at auction between today and when the agreement is finalized.
And what happens when on month 23...after tacking on 50k miles...you get t-boned while driving to work? Your car gets towed to a body shop, appraised by your insurance company, and you get a check based on present value...which is jack $h1t. Seriously...anyone that intends to take them up on a buyback but thinks they're going to drive the car around for a year or more and THEN do it...you're rolling the dice. A lot can happen in a year.But if VW offers me KBB dealer retail as of 9/15 plus $5k, it's gonna be like an all you can eat buffet of miles that closes in two years. I'd be highly tempted to take VW up on that offer, hang onto the TDI 'til the last possible day, and trade it on a new VW. Or maybe buy it back after they add the SCR system?
But my natural inclination is to run it into the ground, like usual... Still got the 2003 and 1986 VW diesels here.
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