radoroc
Veteran Member
It's total BS that there is this clause, what the hell were these lawyers and judge thinking.
Precisely. It is beyond reason that TDI owners have been placed at risk in this way! Sure they're giving owners a "slice of banana" in the form of a ca$h payment but I would rather not personally carry the potential liability !It's total BS that there is this clause, what the hell were these lawyers and judge thinking.
There is an Excel spreadsheet in the Files section of the Facebook group, based on a 2011 Golf TDI Highline. It calculates how much you will be out of pocket on the replacement vehicle.Can someone make a calculator based on the info provide? I don't have the time or the Über excel skills but I'm sure someone does... They had one set-up pretty quick in the American buy-back thread, just saying.
Got a link?There is an Excel spreadsheet in the Files section of the Facebook group, based on a 2011 Golf TDI Highline. It calculates how much you will be out of pocket on the replacement vehicle.
All you need to do is plug in the values for your particular vehicle, given in the settlement tables. It sets out the options you have in terms of buyback, trade-in at VAG dealer, or fix-and-drive. You may have to alter the tax amount based on your province.
That spreadsheet does not consider situations where you have an outstanding loan.
Try this link which shows the numbers for the 2012 Passat which is used as an example in the settlement documents.Got a link?
Where'd they get "settlement tables" values?
Well, I am not shocked that the lawyers shook hands with VW on a deal ... I mean the lawyers want to get paid as well, and rather sooner than later. VW wants to discourage people to take the buyback, so that's understandable as well. The one person who shocked me to agree on the conditions of the deal is the judge ... he is supposed to have people's back .... obviously this judge decided not to, or at least it appears so from the little information we have (the gag order started it all and it just continues I guess ...).So class lawyers expect us to trust VW? That's funny.
Pretty sure I'll opt out if further details are not forthcoming. When you look at what you need to spend to replace the TDI and what you might get back from the buyback, this settlement doesn't make a lot of sense.
Try this link which shows the numbers for the 2012 Passat which is used as an example in the settlement documents.
https://drive.google.com/open?id=0B-SAPEfNoYQjcVhnZlBJOGNhU0k
The calculations follow Exhibit 1 on the settlement site.
The 2015 vehicle values are from Exhibit 5.
You can get your current fair market value from the Canadian Black Book site. It involves some judgement about your particular car - in general people overestimate it so deduct about $2000 from your gut feeling.
2015 value ranges are published in Exhibit 5. It looks like that is all you are going to get before you have to decide whether to participate, so I'd get familiar with your range if I were you.It's a guess work ... because nobody knows the values from Sep 2015, nor the method to determine the category.
How did it go from 3/4 of a tank to 1/4 just from driving around every few weeks ? Yes, it will still be quite some time before any vehicles will be returned, possibly summer time ?? not sure if you need fuel stabilizer, but if it makes you feel better by all means throw it in. If you have something else to drive, and you don't want to put any money into it for repairs or reg maintenance...park it, especially if not safe to drive. The last thing you want to do is get into a crash cause of worn tires and brakes. Good luck..Question for you all with regards to parking my TDI -
I have two TDIs, and one of them I parked exactly 4 months ago (in a large heated garage at work, fortunately). Tires are worn and rear brakes are in bad shape. I drive it once every few weeks just to keep everything moving (no clue if this is really necessary or not). Anyway, 4 months ago I parked it with 3/4 tank of fuel. It's currently down to 1/4 tank. Is it worth keeping the tank full or putting some stabilizer in the fuel? I ask this now as it seems like it'll be parked for many more months to come.
Thanks!
Lol, I'm taking a rough guess at the 3/4 tank. I did get a vehicle to replace it in late August, so I have parked it and only used it occasionally. I'll likely just fill the tank (not sure if even that is necessary). Thanks for the replyHow did it go from 3/4 of a tank to 1/4 just from driving around every few weeks ? Yes, it will still be quite some time before any vehicles will be returned, possibly summer time ?? not sure if you need fuel stabilizer, but if it makes you feel better by all means throw it in. If you have something else to drive, and you don't want to put any money into it for repairs or reg maintenance...park it, especially if not safe to drive. The last thing you want to do is get into a crash cause of worn tires and brakes. Good luck..
Well, guess it's time I contact them too and throw another voice in. If I get a similar response I'm going to ask if I can hire them for a case. I will pay between X and Y (wide range), I know the formula, and I will let them know the pay just before judgement. See if they will take on the job.I received a reply from one of the Class lawyers (Sutts, Strosberg) to my email question about when we would get further details about how the Vehicle Value of our TDIs would be determined. The answer, as expected, was that I would not get further details until about 20 days before I turn in my TDI.
However, they did add: "Nevertheless, Class Counsel and Volkswagen are discussing this common request that is being made, as you have suggested, by many settlement class members."
I have replied to them with the following.
Thank you for your reply. I am encouraged that Class Counsel and VW are at least discussing the request that more detailed information be provided on the method and data to determine Vehicle Value and Fair Market Value. I am writing to explain why this is important. Frankly, I am very surprised that VW, Class Council and the Court would consider that the proposed "settlement" could even be considered complete without the full details being disclosed.I will be sending similar comments to VW Canada. If we want to understand what we will get for our TDIs before the opt-out date has passed I would suggest everyone contact our class lawyers and VW to make it clear that we want to see the details.
TDI owners need to decide whether or not they will opt-out of this settlement well before the current process contemplates them knowing what they would get out of it, even though almost all of the information required to determine that exists now (but is not public).
If all the information on how the Vehicle Value is calculated is not made public then when a TDI owner is quoted the Value for his specific TDI there will be a low degree of trust in the fairness of the offer. Some comments circulating online are already predicting that it will seem like your typical offer from a used car salesman, biased in favour of the salesman. This will result in a lot of bad publicity and many needless and contentious discussions with the administrators of the process.
The stated reason for not providing the details (that it is dependent on the final mileage) seems specious. All the data for all CBB mileage categories as of Sept 2015 already exists but has so far not been shared with the owners. Yes the mileage category a given car will be in at the buy-back date is unknown now but the method should be explainable as a function of the mileage (if its not then I doubt that it will be explainable even when the mileage is known)
Please consider these arguments in the discussions with Class Council and VW. I look forward to timely disclosure of the detailed method and data for deriving the Values.
1. Nothing new there.Try this link which shows the numbers for the 2012 Passat which is used as an example in the settlement documents.
https://drive.google.com/open?id=0B-SAPEfNoYQjcVhnZlBJOGNhU0k
The calculations follow Exhibit 1 on the settlement site.
The 2015 vehicle values are from Exhibit 5.
You can get your current fair market value from the Canadian Black Book site. It involves some judgement about your particular car - in general people overestimate it so deduct about $2000 from your gut feeling.
All we will have going out to us on Jan 4 is the long form notification that is already published on the settlement website under Court Documents. There won't be any "offers" going out until the settlement is finalized, sometime after March 4 which is the opt-out date.Once we see some "offers" or whatever is supposed to go out to us owners after Jan 4, then we'll start another round of speculation leading up to Mar 4.
CBB seems to be offering the information for $45. It is on their website somewhere.I'm also wondering if anyone has contacted the CBB to find out how much it costs to find out the wholesale value of their car on Sept 18th?
CBB seems to call anything over 20k/a "rough."I'd also really like to know at what point does a vehicle fall into the "high mileage" category.
That is high for sure.I'm around 174k on my 2012 wagon
I'm really hoping that most of us are wrong, and they publish the mileage deductions on Jan 4th so we all know roughly what we will get for the buyback. No one will be able to make an informed decision until we have those numbers.
I'm also wondering if anyone has contacted the CBB to find out how much it costs to find out the wholesale value of their car on Sept 18th? If it's not a crazy amount, it might be worth it. That way you can make an informed decision on whether to participate in the buyback, if they don't publish the numbers soon.
I'd also really like to know at what point does a vehicle fall into the "high mileage" category. I'm around 174k on my 2012 wagon, If I fall in the high mileage that would bring me down to around 130k. That could make a pretty significant difference if the amount I'd get back.
Email vwinfo@royoconnor.ca they will tell you what info is coming before Mar 4.All we will have going out to us on Jan 4 is the long form notification that is already published on the settlement website under Court Documents. There won't be any "offers" going out until the settlement is finalized, sometime after March 4 which is the opt-out date.
You will need to decide if you are in or out based on Vehicle Value ranges that might as well be $0 to $100,000.
How VW, the class lawyers and the Court can call this a "settlement" is beyond me.
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