Dieselgate: Volkswagen to Spend Up to $14.7 Billion to Settle ...

[da_jokker]

Please explain the drop from 2011 to 2010 JSW's?

• 2009 13,997
• 2010 15,467
  [*]2011 19,157
• 2012 20,837
• 2013 24,317
• 2014 27,647
• 2015 25,771

Not sure if this is the same, but someone mentioned that there was some year where VW dropped their MSRP. So the newer cars could be bought cheaper than the previous year's.

Guess they were lubing us up then!

 

[Circuit]

Hey Autdi. yes, I do work in the insurance industry. Unfortunately I don't not have access to Market values of vehicles from the past. When we determine a vehicle is a total loss, we use a third party company that derives ACV from Comparable vehicles in the customer area. I am just like the rest and rely on KBB and NADA to get an idea of a vehicles value.

****To the others that quoted my post.. re-read it carefully. I am not saying I want $700.00 extra for my Xenon lamps, but I do want something as they cost me $700.00 + tax at time of purchase. I mentioned that I would accept half the value of the purchase price of the option $300-350?? Is that not reasonable? Why are sunroofs considered but $700 xenon lamps are not?

General speaking, in the event of a total loss, an EVEN an insurance company uses all a vehicle's options and offers the customer a settlement amount somewhere between Private party Value (Fair Market value, Actual cash value) and Retail Value. VW's baseline of "Clean trade in" is ridiculous and is not doing anyone any favors. Surely not "generous compensation" but rather a low ball baseline with a ridiculous mathematical equation to determine mileage deductions.

To the comment about Granite counter tops in a kitchen... well, if you are familiar with realestate, you should know that a kitchen remodel is one thing that will add value to your house. $50,000.00... Probably not, but it will add value. Same with Xenon lamps, sunroofs, auto trans in a car. Why are some options being ignored while others are being assigned buyback values??????

*** edit.. Sure, I may remove my monster mats etc... but how much $$$ will these items fetch in a market that will be completely overwhelmed with VW accessories? Next to nothing.

The OEM Xenons are a highly sought-after OEM+ upgrade. Post up on the large facebook groups and do a trade + cash for someone's halogens. You should get a good amount for the swap.

 

[da_jokker]

Here is what I think about mileage.
Since these cars are to be crushed (or fixed if possible, but for the Gen1 unlikely) what difference does mileage make?
Yes I got some utility out of the car, but I was not planning on this B$ when I bought my two cars!

Common sense and real world says you are right. What does it matter? It doesn't.

However the "system" is built on evaluating cars based on mileage so people just don't know how to think otherwise.


It would be interesting is to compare "Trade-In" with 0 mileage to "Retail - Mileage" .... wonder which option we'd be choosing then?

 

[sfpegasus]

Finally got to the end of the thread. Love how upset everyone is still.

The thing that confuses me are people here who purchased a TDI and haven't put on very many miles. Isn't that the point of buying a TDI? You purchase it for the insane MPG for highway driving. It's blowing my mind that people have '13 or '14 with under 30k miles. I just hit 32k last week on my '15.

2010 with less than 50k

I bought it to last me a lifetime. I was wrong.

 

[flyanddive]

With a bigger LNT and no defeat device, our engines will have the same exact issues as the 2007.5-2012 Cummins 6.7 in the Dodge Ram trucks. The LNT equipped version of the Cummins is the reason everyone fears the newer emission vehicles.

That's what has me worried, the strain on the system will cause it to fail especially in the colder climates. That's why I have no choice but to take the buyback, as opting to take the fix is trusting VW, they haven't given me a reason to trust them. I'm also a loyal Porsche customer, but this situation is making me rethink my relationship with VW group.

 

[redbarron55]

Perhaps the "FIX" take the money then get the "fix"
Mine already has the "fix" for the cracked DPF caused by the poorly engineered cheating emissions system.
We should be reimbursed for having been victimized by the VW fraud in the expensive repairs of a barely functioning emissions system.
Why should we be victimized with the expensive repairs and get a low payoff on our cars?

 

[da_jokker]

So does anyone think that the VW owners that are actually representing the CAS may have newer cars with Low mileage?

Maybe VW worked the numbers so that the voices that are actually standing up in front of the judge ARE happy, where as all the rest of us riding the coattails are getting shafted.

How else would you explain how a person with a new car gets more than what they paid, and a person with an older car is getting wholesale ?

 

[autdi]

has any of you read this?

http://jalopnik.com/heres-exactly-how-much-volkswagen-will-pay-you-for-your-1782745097

According to them, it seems that the buyback number on column 1 is not the final number, but after the mileage depreciation you still need to add the difference between 5,100 and the number you came up on column 2 after the depreciation

The FTC table, rather than show the car value in a column, and the owner restitution in another, combined them to distract from the low value put on the car, and attempt to make it look better with the restitution mixed in.

The proposed formula was shown as car value + owner restitution OR fix (for free) + owner restitution.

 

[da_jokker]

The FTC table, rather than show the car value in a column, and the owner restitution in another, combined them to distract from the low value put on the car, and attempt to make it look better with the restitution mixed in.

The proposed formula was shown as car value + owner restitution OR fix (for free) + owner restitution.

Let's hope the CAS lawyers and judge can see this. It only took a couple hours for us to see through the "Trade In" versus required "Retail"... you would think the Lawyers and Judges are smarter.

 

[TwinWagons]

Izz and wmichaelis are both working for VW. Trying to play the "i got a great deal, we are all happy" card. While trying to convince everyone else they are dumb for thinking they are entitled to more. Mods need to ban them ASAP. Just look at their posts, it's quite clear.

It's a great deal for VW owners. For someone who drives a lot of miles per year, it might look a little less good at first, but check out the depreciation you'd have to accept with any other car. In terms of whether to accept a fix - what's the value of a 10 year/100k or 4 year/48k from time of fix warranty on the engine and emission components? (not as good as a "regular" extended warranty - doesn't cover transmission, axles, instruments and electronics).

Look, I know you're from one of the welfare states https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/ and used to having the rest of us pay your way, but in this case you're just going to have to accept the same responsibilities the rest of us are willing to shoulder. Man up. I bought two of these things AFTER VW knew damn well what was going on but BEFORE they released the news. I'm pissed at the EPA for sitting on their little "secret", too. But this deal means it's not going to bad at all.

And the car is still great to drive and one of the last remaining cars that you can see out of. What the @#$% is the matter with people that keep buying all of these boom box styled cars that have the visibility of a panel van? They're ruining it for the handful of us who enjoy driving and want to be able to see what's around us so we can drive.

 

[wmichaelis]

Izz and wmichaelis are both working for VW. Trying to play the "i got a great deal, we are all happy" card. While trying to convince everyone else they are dumb for thinking they are entitled to more. Mods need to ban them ASAP. Just look at their posts, it's quite clear.

Or, you know, they could ban the guy making accusations. If you looked at my posts, you'd see:

1. A suggestion that someone roll the dice on not replacing his timing belt at recommended mileage, selling it back to VW, and let them deal with it.

and

2. My offer to provide you whatever proof you felt necessary that I don't work for VW.

Sounds like someone has an axe to grind, and is all butthurt that VW isn't going to pay him $10k on top of MSRP new for the car he likely beat to all kinds of hell. But sure, ban me for having the audacity to have an opinion contrary to yours.

 

[Justinw303]

I'm shocked that people are finding a way to complain about this settlement. It's free money.

 

[flyanddive]

For anyone who thinks they are getting a good deal out of this, I have a nice bridge for sale.

 

[autdi]

Hey Autdi. yes, I do work in the insurance industry. Unfortunately I don't not have access to Market values of vehicles from the past. When we determine a vehicle is a total loss, we use a third party company that derives ACV from Comparable vehicles in the customer area. I am just like the rest and rely on KBB and NADA to get an idea of a vehicles value.

Bummer, figured someone processing claims would be a good shot at the info.

Why are some options being ignored while others are being assigned buyback values??????

Best I can tell from going through NADA pricing on a couple cars, those are the only checkboxes NADA has for that model. Would you get more selling or on an actual trade, most likely, but when looking to churn close to 500k cars, and the only condition question was did it arrive under its own power, they aren't looking at what it is sitting in front of them.

 

[solBLACK]

Or, you know, they could ban the guy making accusations. If you looked at my posts, you'd see:

1. A suggestion that someone roll the dice on not replacing his timing belt at recommended mileage, selling it back to VW, and let them deal with it.

and

2. My offer to provide you whatever proof you felt necessary that I don't work for VW.

Sounds like someone has an axe to grind, and is all butthurt that VW isn't going to pay him $10k on top of MSRP new for the car he likely beat to all kinds of hell. But sure, ban me for having the audacity to have an opinion contrary to yours.

I think the real question is do you weigh as much as a duck? Some people already have their pitch forks out. Soon you'll be burned at that stake!

 

[Izz]

it's a great deal for vw owners. For someone who drives a lot of miles per year, it might look a little less good at first, but check out the depreciation you'd have to accept with any other car. In terms of whether to accept a fix - what's the value of a 10 year/100k or 4 year/48k from time of fix warranty on the engine and emission components? (not as good as a "regular" extended warranty - doesn't cover transmission, axles, instruments and electronics).

Look, i know you're from one of the welfare states https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/ and used to having the rest of us pay your way, but in this case you're just going to have to accept the same responsibilities the rest of us are willing to shoulder. Man up. I bought two of these things after vw knew damn well what was going on but before they released the news. I'm pissed at the epa for sitting on their little "secret", too. But this deal means it's not going to bad at all.

And the car is still great to drive and one of the last remaining cars that you can see out of. What the @#$% is the matter with people that keep buying all of these boom box styled cars that have the visibility of a panel van? They're ruining it for the handful of us who enjoy driving and want to be able to see what's around us so we can drive.

+1^^^

 

[jsm172]

I'm shocked that people are finding a way to complain about this settlement. It's free money.

No it's not unless you choose the fix plus money. Assuming the fix doesnt ruin your MPG's. basically your out money if you find a comparable car. I will get 22k from buyback. A honda accord that gets less mpg's will cost around 25k. so you lose 3k. "But your getting a new car" yeah so? I would have bought a honda accord in the first place if I wanted one.

 

[vestal]

just called my dealer to see if they are willing/able to accept the buyback value of my car on a new VW. I am almost certain he had no clue but he immediately started talking about how other things about my car like overall condition would affect the trade-in value. I don't have any faith in the dealers knowing or caring what the buyback value is during negotiation. why am I still surprised?

 

[wmichaelis]

I bought two of these things AFTER VW knew damn well what was going on but BEFORE they released the news. I'm pissed at the EPA for sitting on their little "secret", too.

I'm glad someone else said this, because it should be said. While many around here are heaping a ton of hate on VW for not valuing their cars as high as they'd like them to be, too many people are letting the EPA slide on this. They knew, and let the cars be sold for another year plus. Where is their accountability?

 

[TCBinaflash]

Not entirely. VW will be fined $50,000 per car left, unfixed, on the road. If you have cahones of brass, and/or inexpensive lawyer, try your luck and you might get reasonable amt out of VW, outside of the CAS

Love to see someone take this challenge

 

[GSwag]

ironic how so many people on here felt a buyback would be too costly and financially burdensome for VW to accomplish. It's obvious now that VW is preferring the buyback route over the repair route. Waiting for a specific modification is very risky in this case and it seems it was made on purpose.

To the VW fanboys out there wondering why someone would not be happy with this deal......It's mainly because we are basically being forced to sell back our cars whether we want to or not. i think I am coming out even and I wanted another vehicle anyway so I'm ok I guess. But I don't like being forced into this buyback scenario. Applying any arbitrary value of depreciation to our cars is unfair because we are basically being forced into this decision.

It's almost like when the gov't condemns and takes your land and forces some value that THEY DECIDE, upon you. Only its worse with our cars, because there appears to be no method of appealing the value set by the company. One that acted in a CRIMINAL fashion nonetheless.

 

[dshaner]

I'm glad someone else said this, because it should be said. While many around here are heaping a ton of hate on VW for not valuing their cars as high as they'd like them to be, too many people are letting the EPA slide on this. They knew, and let the cars be sold for another year plus. Where is their accountability?

The other car manufacturers are to blame too. Volvo knew that there was no way VW was passing the emissions testing in the US.

http://www.roadandtrack.com/new-car...tdi-diesel-emissions-cheat-open-secret-volvo/

 

[da_jokker]

how about this "fix" ... VW just states that we each (on our own) go out and sell our cars to a dealer for whatever we can.

Then VW will compensate the dealer the difference between what they had to give us and what NADA currently states.


For those that have been wanting to trade in their cars anyway, the only reason we can't is because of the low-low trade in.

For those that had no intention of selling... they don't have to. but the temptation to get more than what the car is typically worth... well it would be hard to turn down.


It's really too bad that there is not certain way to figure out what Dieselgate did to what would have been the normal deprecation rate. It would be much simpler.

 

[da_jokker]

I'm shocked that people are finding a way to complain about this settlement. It's free money.

How is it free? If someone offered you $5 for that $20 you got out of the bank a month ago.. would it be a free $5?

 

[Mike91326]

has any of you read this?

http://jalopnik.com/heres-exactly-how-much-volkswagen-will-pay-you-for-your-1782745097

According to them, it seems that the buyback number on column 1 is not the final number, but after the mileage depreciation you still need to add the difference between 5,100 and the number you came up on column 2 after the depreciation

As long as the adjusted number in column 2 is less than 5,100 you add back the difference. If it's more than 5,100 then there is no adjustment to column 1.

 

[gloaming]

No it's not unless you choose the fix plus money. Assuming the fix doesnt ruin your MPG's. basically your out money if you find a comparable car. I will get 22k from buyback. A honda accord that gets less mpg's will cost around 25k. so you lose 3k. "But your getting a new car" yeah so? I would have bought a honda accord in the first place if I wanted one.

Then keep your car and do nothing. Opting out of the settlement is an option.

 

[wmichaelis]

just called my dealer to see if they are willing/able to accept the buyback value of my car on a new VW. I am almost certain he had no clue but he immediately started talking about how other things about my car like overall condition would affect the trade-in value. I don't have any faith in the dealers knowing or caring what the buyback value is during negotiation. why am I still surprised?

I think the general consensus is that no dealer - VW or otherwise - is going to give you the buyback value of the car on a trade, at the very least not at this point. You'd have to sell it back to VW, and use the returned cash as downpayment.

The downside there is not getting the tax writeoff for trade-in...but if you're willing to put that kind of cash down (and not stick them with a car they'd have to sell...), a savvy buyer can certainly negotiate price down, probably in the range of covering those tax savings.

 

[DubFamily]

^There is... There's a website that has been tracking the car values since September 2015...

http://www.buybackmytdi.com/index.php/tdi-price-trends

 

[da_jokker]

For anyone who thinks they are getting a good deal out of this, I have a nice bridge for sale.

Oh there are definitely some people that are getting a good deal, just not all.

Actually, I bet 86% of us are getting a good deal, and the rest are paying for it.

 

[dmcdon2851]

I have no idea how you formulated your opinions that the deal is junk and everyone is unhappy.

I bought a 2015 Passat TDI SEL Premium Sept. 3, 2015. I paid right at $28,000.

By the time I will be turning in the car I will have driven it for just over 25,000 miles with comfort and extremely great mileage. I used up 25,000 miles of tire tread and I in effect turned a new car into a used car with 25,000 miles.

With that said VW will be writing me a check for $32,867.00

So, after a full year of pleasant and efficient use of their car they are going to give me back what I paid for the car and an additional profit of nearly $5,000.

I am really tired of hearing all the cry baby stuff from people that think they are entitled to nonsensical profit for using a car they love - or they would not have bought it.

Everyone is looking for higher offers or threatening ti file individual suits. I say - Go For It. What you will accomplish a settlement no higher than what is being offered and you will have to fork out one third of that settlement (some attorneys actually take one half) to the attorney you retain.

Good grief people. Stop the whining and be realistic. You are being made whole.

By the way the mileage depreciation is garbage and the trade in value as well.
One they forced us into this so they buy it from us, this should be clean retail or private party sales. We planned on keeping our cars, they need to give us back what the car is worth, not the lowball dealer value.
Secondly mileage yes comes into play in every scenario of selling a car. BUT! We aren't selling a car, they are taking it. One, its not fair we lose money because they dragged their feet forever. Two, most people buy these to drive them a ton so many of us have very high miles for our year. Three, we didn't want to sell our vehicles, there would never be mileage depreciation if you drove the car to the ground like many would.
This is all just garbage from VW.
What kind of company nickles and dimes an already badly hurt consumer. I personally am not going to take this lying down.
WHY WOULD YOU GET A DIESEL FOR A DAILY 32MILE COMMUTE, You wouldn't! Guess what kiddies, that's what VW calculated for how many miles you srove in your efficient, massive tanked, road trip designed vehicle.