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

[pknopp]

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

What do you consider good? Once again........ I have a 2012 JSW. 75,000 miles. I'll get give or take 20K. I had planned on keeping the car a long time and I still really like the car but things change and I need a truck.

There is no way I would have got anywhere close to 20K ACV under normal conditions. 15k Tops.

 

[da_jokker]

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?

Well in all fairness, we know VW dealers are "slow"... so give them time Or maybe I should say educated challenged

 

[wmichaelis]

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?

Free as in, if you own a TDI, they will fix it for you at no charge, AND give you a payout for your trouble. You still don't have to sell it.

 

[spoonbill]

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.

Congrats, you purchased a car that was almost a year old days before the scandal broke. Obviously you made out better than most.

 

[wmichaelis]

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.

Gasp! You think you're getting a good deal, so clearly, you're a VW shill.

Realism isn't very prevalent around here. The most vocal seem to be the ones who put way, way more than average mileage on their cars, and seem to think they should still be getting full MSRP as new.

I think this is a general good deal - I'm sure some people aren't coming out as good as others, but it's certainly reasonable. Those who don't feel they are coming out ahead are losing sight of the fact that the longer it takes to get the deal done, the worse it's going to be - it's not going to get much better, and if they total their car in the time between now and then, they'll really take a bath.

 

[da_jokker]

^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

Not sure if this was in response to me, but if so...


I want to know the part of the depreciation that was directly affected by this. All of our cars would have depreciated normally... just not so much. I've read somewhere that the avg vw owner took a $1,500 hit... well it's much more than that.

 

[jsm172]

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

No its not when I cant register my vehicle in my state when it comes time to renew. Are you that stupid? I would rather just leave it alone but that's not an option.

 

[da_jokker]

Free as in, if you own a TDI, they will fix it for you at no charge, AND give you a payout for your trouble. You still don't have to sell it.

Ah.. you must live in a state that will let you keep your car then

 

[DubFamily]

Not sure if this was in response to me, but if so...
I want to know the part of the depreciation that was directly affected by this. All of our cars would have depreciated normally... just not so much. I've read somewhere that the avg vw owner took a $1,500 hit... well it's much more than that.

It was, sorry. I'd have quoted your post but I hadn't expected the thread to move on quite that fast...

But yes; I don't know if anything can show the actual hit caused by the scandal on all VWs. They are tracking the difference in depreciation between TDI and gas models, but not the overall loss.

 

[Chacko]

Sorry but I think many of you may be looking at this wrong. The Law is not to make us rich. It is to make us "whole"... the question is what is considered "whole"

This is more frustrating even more than the fact I have to keep reminding my 6 year old to look both ways before crossing the street. At least she's showing signs of 'getting it'.

We aren't looking for enrichment. We are looking for Private Party sale valuation vs trade in.

It's really not that hard of a concept to grasp.

 

[da_jokker]

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.

Well the 2015 numbers are in flux (from what ppl are saying).. let see if you really do get back more than you paid for the car.

Who knows.. maybe you were that last customer of the month and the dealer needed 1 more car for his quota and you got one hell of a deal. Sorry, but that is not the masses.

 

[da_jokker]

Speaking of which... what would be interesting is if a chart came out that showed each Year and car (maybe avg options) and avg driving mileage for that year... what their payout would be.

It would be interesting to see if all 2015 models MAKE money, and all older models are loosing their ass.

 

[solBLACK]

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.

So pretty much **** everyone who purchased a 2015 VW that wasn't a Passat. Why the 2015 Golf isn't seeing the same amount of buyback is beyond me. I'm not even looking to get that much back. I'd be happy with what I paid for the vehicle. I only have 7k more miles than you, but I'm getting $6k less. That's nuts.

 

[vestal]

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.

Well in all fairness, we know VW dealers are "slow"... so give them time Or maybe I should say educated challenged

yeah, guess I was thinking we would get some special treatment for willingness to stay in the VW family. the guy was kind of sh!tty to me on the phone actually

 

[wmichaelis]

Ah.. you must live in a state that will let you keep your car then

I haven't heard of any states that won't - at least, not yet. And I'm in NJ, so chances are if there is one that will drop that hammer on us, it'll be me under it.

 

[da_jokker]

This is more frustrating even more than the fact I have to keep reminding my 6 year old to look both ways before crossing the street. At least she's showing signs of 'getting it'.

We aren't looking for enrichment. We are looking for Private Party sale valuation vs trade in.

It's really not that hard of a concept to grasp.

I agree.. my post was because there are people still posting that are looking for something MORE than Retail value still.

Go back and count how many are still complaining about Mileage Deductions and how they won't be able to find a replacement car that is as "too good to be true" as our lying TDI's.

My comment on "whole" again was the definition. We can't seem to agree what "whole" is.

 

[Justinw303]

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

If VW bought me car back today, I will have paid approximately $133 per month with no down payment to drive this wonderful TDI over the last 3 years. Or they can "fix" it, extend a bunch of warranties, and give me $7,000+. That's a good deal, considering in not even mad about the situation.

 

[da_jokker]

I haven't heard of any states that won't - at least, not yet. And I'm in NJ, so chances are if there is one that will drop that hammer on us, it'll be me under it.

lol...you think? Did you see where I'm from . Cali baby.. the home of the "chase out the businesses and rape the tax payers" state.

 

[kevincook]

I understand people not wanting trade-in value but why are so many people happy with private party? Does everyone buy private party? I don't. I pay retail when I need a new car and I'm assuming most people here payed retail from the dealer on their new car.

VW should buy back based on retail value.......unless of course they want to sell me a new car at wholesale pricing.

 

[da_jokker]

If VW bought me car back today, I will have paid approximately $133 per month with no down payment to drive this wonderful TDI over the last 3 years. Or they can "fix" it, extend a bunch of warranties, and give me $7,000+. That's a good deal, considering in not even mad about the situation.

My friend, I'm not saying you are wrong. This is a "Glass half full" attitude and I commend it.

But I don't lease cars for a reason... and paying anything per month with nothing to show for it at the end is exactly what a lease is. You pay to play and for some of us.. we only pay to invest.

 

[Justinw303]

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?

I'm assuming you bought your car recently. How about you accept the free money and keep the car and it's newly extended emissions warranty? Don't play victim here. If you liked the car enough to buy it, then you should like it enough to keep it.

 

[Chacko]

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

I think David Tracy's calculations are in-correct.

 

[da_jokker]

I understand people not wanting trade-in value but why are so many people happy with private party? Does everyone buy private party? I don't. I pay retail when I need a new car and I'm assuming most people here payed retail from the dealer on their new car.

VW should buy back based on retail value.......unless of course they want to sell me a new car at wholesale pricing.

We all may be getting our terms mixed up. Part of the issue is KBB and NADA use different terms.


Staying away from the terms, I think a lot more people would be happy with the outcome if they could get the same amount of money for their car as if they decided to go out and buy one back in September. (Be that Private Party, retail, whatever.. just as sure crap not Wholesale\Trade In)

 

[Chacko]

We all may be getting our terms mixed up. Part of the issue is KBB and NADA use different terms.

Oh, we and VW are quite aware of this fact. And that is why it's pissing owners off.

 

[Justinw303]

My friend, I'm not saying you are wrong. This is a "Glass half full" attitude and I commend it.



But I don't lease cars for a reason... and paying anything per month with nothing to show for it at the end is exactly what a lease is. You pay to play and for some of us.. we only pay to invest.

The only way to "invest" in a car like a VW is to drive it until the engine blows. Which you are still perfectly entitled to do, and now you get a hefty cash bonus for having purchased a TDI!

 

[da_jokker]

I'm assuming you bought your car recently. How about you accept the free money and keep the car and it's newly extended emissions warranty? Don't play victim here. If you liked the car enough to buy it, then you should like it enough to keep it.

1) I bought my car recently, but it was used

2) I bought my car thinking I could drive it for a long time and it keep a decent amount of it's resale value

3) I'm convinced that there is no fix and I live in a state where there is no way in hell they will continue to allow me to drive my car with that many pollutants.

4) Even IF there were a fix, my car would be out of the extended warranty most soon after it started. And we all know that any "Fix" is going to be hard on the emission equipment in these cars.

5) And I do like the car, just don't like the: bad DSG, exploding Fuel pumps, contaminated fuel systems, expensive maintenance, coolant rust issues, specialized VW only everything, DPF failures, Intake Flap Codes, ..... but other than that.. it's a damn nice car.

 

[RollingCoal]

People need to take the blinders off. It's a bad deal for 2015 owners no matter how you slice it. VW is being compelled by the court to offer me a buy back at retail plus compensation for the fraud. I understand that the table has both figures combined but strip away the settlement money and they're still asking me to trade in a vehicle at its value several months into the steepest part of the depreciation curve which is a horrible financial choice I would never make. It looks like an ok deal on its face but it leaves me in a bad spot needing a new car today which will undoubtedly leave me with a higher principal in the next loan. You can't argue that the modification is a fair alternative for me because we don't know what the fix entails or when it's available. They might as well not have released the mod numbers at all. Money I'm probably getting later is money I don't have. By using trade in they have by design chosen to offer as little as the court may allow to promote conlmpliance. There's simply no way you can say they're honoring a buy back at RETAIL plus ADDITIONAL SUBSTANTIAL compensation with the offers they have put out which is the court mandate here. Sorry for caps but some folks can't read and will constantly be trying to convince themselves that the numbers put out meet both of the terms expressed by the judge.

The only viable path if you want to put this mess behind you is a buy back and it should be at retail plus compensation for the trouble. I haven't been able to modify my car or do certain other things I would have done over the last few months with the scandal looming. I also wouldn't have been able to get a fair price had I wanted out sooner. They financially trapped me for the last several months and took away the choice to do what I wanted with something I owned and purchased under false pretense.

Owners should get nothing less the retail as of last September PLUS column B. That should give everyone a chance to go out and purchase another vehicle at no additional financial burden. Some may come out ahead but that's what it will take for many like myself to walk away unaffected by VW's crime and thus be whole.

 

[da_jokker]

The only way to "invest" in a car like a VW is to drive it until the engine blows. Which you are still perfectly entitled to do, and now you get a hefty cash bonus for having purchased a TDI!

Then we will agree to disagree. I am not going to be entitled to drive my car until the engine blows.. not unless I convert it to an off-road vehicle and be exempt from the Cali DMV and EPA.

 

[srs5694]

I'm not 100% decided, but I cast my vote for "turn it in." This is admittedly a mostly emotional decision (or leaning) -- I'm pissed at VW and want nothing more to do with them. With my 2015 Golf, if the published numbers hold, I'd be able to either buy a 1-2-year-old Prius and keep something on the order of what would be the "cash" part of the "fix plus cash" equation; or, more likely, buy a new Prius for all of what I get from VW.

 

[da_jokker]

Owners should get nothing less the retail as of last September PLUS column B. That should give everyone a chance to go out and purchase another vehicle at no additional financial burden. Some may come out ahead but that's what it will take for many like myself to walk away unaffected by VW's crime and thus be whole.

See now that is a close definition of "whole" to me. Give me what I would have gotten had a sold the car in September (not traded in), and then give me extra for all the headache, taxes, and being force to read pages and pages of pissed off VW owner posts