Incredible. Some of the people on that group are a bit nuts on the issue.
Certainly there's enough people to think that they will get a full purchase price back, let say after driving a vehicle for 7 years .... I am not sure what logic or precedence supports that.
This is why it's important to read the whole thread/do some research on it. There was a fraud issue with what the dealership (edit to add: they apparently falsified his income) and the bank wouldn't stop it so he stopped paying and let the bank seize it. There was a previous loan rolled in to this one.
At worst it has no affect because the judge rejects them. At best it lets him enter them in to record showing that there is a lack of support for the current deal and the current lawyers.
The Value for cars in the highest mileage category is calculated differently from the other categories. There is a prorated mileage calculation (Schedule E) to estimate your mileage as of Sept 2015. That and the Sept 2015 CBB Wholesale value for that mileage (data for that is not documented but there are the photos of the CBB book uploaded earlier). If your mileage calculation resulted in a significant increase in the calculated Sept 2015 mileage that could explain your value going down.
). Quite possibly there is a problem with the Estimator in the high mileage range.A $60k loan? To buy a TDI??? What did he have it gold-plated or something???
I wouldn't decline full return either. But if this forces another delay of approval past Friday and the projected end of April start of the process, I will blame every one of those greedy idiots.At worst it has no affect because the judge rejects them. At best it lets him enter them in to record showing that there is a lack of support for the current deal and the current lawyers.
Look at how "our" CAS lawyers handled things in Quebec, would you trust them to enter your letter rejecting the settlement in to record? I sure wouldn't because they didn't have that interest in Quebec either.
As it stands now it doesn't sound like the judge will pass the current deal. I think they'll come back with one that's truly on par with the US one, not full value.
Although I won't turn down full value if it's offered
Agreed, I wouldn't mind full refund either, but realistically all the lawyers have to do is prove that "rescission" is not possible. Rescission being putting both parties back into the state they were in before the transaction. I can easily see the argument being made that while the purchaser can be put into that state with a full refund, VW cannot be as they would be getting a used car with less value back. So in my opinion, rescission is not possible here as it benefits the purchaser (has had "free" use of a car for 2-7 years) way more than VW.
So recovering the value that we lost plus damages seems possible, which is pretty much what VW is currently offering. But that being said, they should probably be using the retail rather than wholesale value to cover the loss in value.
Let's be realistic ... end of April was never in the cards. Look what date is today and how long it took to get here. Even if their counter offer will match US deal dollar for dollar, this buyback process will not be under way until Jun. If they still flip flop full purchase price buy back we are talking end of summer. Anyway, that's what I am getting ready for ...
If it's that clear why has the judge reportedly brought it up and why didn't VW side object ..... I am thinking, it's not as simple as you think it is ... otherwise why waste any time on a dead end road?
I agree with this, but would also say that sales taxes should also be included in the refund, since this would be treated as a refund of a transaction and not a new transaction. Appling sales tax refund only if we buy another VW is BS which rewards VW big-time.
Yes, unfortunately I have to agree with you on the timing part. I believe the judge did ask VW counsel that if next Friday's hearing goes well and all parties are on the same page, " would you be ready to start rolling out the program/portal for customers to start registering for a claim in three weeks time?" This would put us at almost the end of April. Having said that, there might be some silver lining to this dark cloud. I read some posts from the U.S. based buybacks and turn-ins and apparently things have been drastically improved, right from selecting choice, notarizing documents and people being given turn in appointments.. Sad to see that it has succumbed to this but that's what happens " when everyone wants a piece of the pie"... Just my $.02
End of April works for me. Our replacement wagon estimated delivery is April 21st. My wife and I are eager. We're planning a cycling trip to Maine in May. We don't want to take the TDI pending the buyback and we need a wagon for our gear and bikes.
Wow ! Thanks for posting Uchu. So the clock keeps ticking....lol. Oh well, I honestly thought that Justice Belobaba was to hold a hearing this coming Friday, my bad. Maybe there will be some major changes to the settlement ?
You should try reading the last week's worth of posts on this thread to enlighten yourself.
Let me guess...is that someone from the Canadian VW TDI owners Facebook page?
LOL was going to say the same thing..Let me guess...is that someone from the Canadian VW TDI owners Facebook page?
No. Not going to happen.
Let me guess...is that someone from the Canadian VW TDI owners Facebook page?
And they're even going to pay back the HST and the cost of all the fuel and maintenance we had to spend while driving our cars.
now you're talking...lol
I wouldn't say a "hold" is the same as a "sold". Sure...come on in and we'll give you a donut and some coffee and here is a pamphlet on the TDI scandal and the different scenarios. Welcome to our info session!
to "hold". Like a refundable promise ring if you decide a 2015 TDI isn't your thing and you walk across the road to a Honda/Mazda/whatever else.