Amount in offer letter doesn't match buyback calculation

[CHawk]

I received my offer yesterday and it is 500 less than the calculator. I suspect this is because I haven't drove it since submitting my claim and VW assumes I'm driving it 12k miles a year, so they have moved me into the next mileage bracket.
Should i submit the paperwork as is (i really dont care about the $500) but my fear is they will cancel my buyback at my appointment and I will have to reschedule.

Various commenters have said that as long as you're being paid through EFT, you can keep your appointment and the amount will be adjusted when paid.

 

[NYTDIBoy]

My apologies if this has been gone over before, but here goes. My buyback appt is this thursday, and VW sent me a reminder email. In the reminder email they stated after loan payoff I would be receiving a total of $11,955.02. So putting back in the amount they think my loan payoff is $6,661.71 (it's actually about $1k less than that) comes up with a calculated value of buyback and emissions payment of $18616.73. When I do the calculations by hand from the tables on the FTC website I get a total of $23,719! That's a little more than the $60 of the OP! I also tried it on several of the online calculators and got the same numbers as my hand calculations.

Has anyone else had the difference so large as this? What should I do when I go to the buyback appt? Any insight would very much appreciated!

Thanks!

 

[DanB36]

You aren't adding the two columns together when you do the manual calculation, are you? Because you shouldn't be doing that.

 

[NYTDIBoy]

You aren't adding the two columns together when you do the manual calculation, are you? Because you shouldn't be doing that.

Yup, that's what I did. The language is very confusing, so why the two different columns then? Thanks for the clarification! When I back off the emissions amount from the number in the first column he numbers are much closer!

 

[DanB36]

The first column is what they'll pay for the buyback; the second is what they'll pay for the fix (if/when one becomes available). Any remaining discrepancy is likely due to differing assumptions/calculations on mileage.

 

[PacCoastFwy923]

Plus for buyback calcs, the second column is needed if you have excessive mileage that drops the compensation portion below $5100 dollars, so you can calculate the "add in" to get you back to $5100, which is the floor.

You're right, they don't use the clearest language. You can double check your numbers with one of the online buyback calculators.