I know this is after the fact as by now we know what happened in the Ontario court yesterday, yes the lawyers want it done asap, but the judge does not care about that, he is getting paid on time regardless, he is not about to rush it thru and risk overlooking some fineprint and ending up on Wikipedia as the one who made a mess in his decision.
There is a mechanism in the deal as proposed that allows for average mileage to be put on before your buyback without penalty. Admitted it's not clearly explained in the documents. The CBB estimator only gives you your Value as of the date it was set up. The real calculator should adjust the km allowed over time. Just my understanding.
it must the same idiots who thought of the cheating software that are now doing the update, how can they state something before it happens, they are suggesting this will be resolved by April 7th, why not just say " it will take 3 weeks after an agreement is reached and court approved, for the process to begin."
I think it's likely that the QC and ON courts will consult each other and make a decision together so as to ensure all Canadians receive the same settlement.
From this article:
Yeah - I had asked in previous post the specifics of the 2015 value for the settlement in the US. Didn't realize for them it was market value and not wholesale like here.
My understanding is that they use the KMs to determine condition. So if you're at or under 24k per year you're in good, high mileage puts you in to rough, friggin' high mileage puts you in to crappy*.. so on.
The US settlement was based on NADA "clean trade in" value. That is the highest trade-in value, it's not retail. The fact it wasn't retail was contentious there, as it is here. Regardless the CBB numbers being quoted from the Estimator are so low vs the US numbers that they stretch credibility. VW seems to have latched onto a sweet deal when CBB was chosen.
Agree. Our new wagon will be at the dealer shortly. Dealer OK with not taking delivery until the settlement is finalized but I'm sure he's not prepared to wait another 6 months either. I am OK with the settlement as it now stands. A brand new car for roughly $3k + tax and delivery worked for us.
But, the 80,000 km limit should go up by 2,000 km a month. If VW had the balls to explain this properly we wouldn't have this kind of rampant fear of driving.
This might be a bit tricky. Given that the stop sale order happened in the fall, dealers were likely already abit in wind down mode for that model year. I've got some inventory lists for dealers in our area and it's tough to find a 6spd for sure. Lots of black comfortlines!
My dealer is buying ever single one in the area and anyone who is interested in buying one puts their name on a list, first come first serve.
That is actually not correct. I just searched through the agreement and could not see anywhere where the $2.1 billion (or whatever the quote was) is documented. The agreement only describes what individual owners, lessees ect will get. The $2.1 B must be a number that VW itself released based on their estimate (possibly an exaggerated estimate) of what it will cost them if all owners had their cars bought back. Nobody else could have calculated that number because there is not enough detail in the agreement to do that.
Yes it's called damage control. There is no way VW went into negotiations with no idea how much it would cost them ie 2.1 billion. The details set out in the agreement are just instructions on how they will keep the damages down to a minimum, VW is not out to give us anything just to control how much they have to spend to get back in the game. There are so many possible outcomes for VW not to have to pay if they are allowed to sell the cars when finished they are likely to make money out of this agreement. To any individual Fraud is a serious charge but to a corporation it's just a cost.
No kidding. It's frustrating, how some people still demand a full price refund or call their TDI purchase an "investment". Give me a break ....
I guess I misinterpreted your original post. You weren't say that the negotiated agreement was that VW would pay out $2.1 B and the only thing left is to calculate how much everyone would get. You are actually saying that VW unilateral decided that they had $2.1 B to hand out and neither the class lawyers nor the court had any say in that.
Agreed. No car is an "investment" except for some rare collector models that never or hardly get driven. All cars depreciate, some faster than others, but bottom line eventually a TDI will become worthless like any other car on the road.