*If* there are dealer incentives offered to attract TDI owners, my guess is they'd probably be offered at or close to the beginning of the buyback period. Both to encourage turn-ins and to help dealers to make up for their recent lost business.Driving at my current level = selling the car back at the same amount anytime from Oct. 2016 to Mayish 2018. I could increase that amount if I drive less. Why would I not wait as long as possible and only sell it back early if I have some expensive maintenance issue occur?
Are you assuming VW want's to buyback cars? I doubt it. No doubt VW wants to retain buyers, but loyalty offers are clearly not baked into this somewhat complex package. They are already giving out $5K to $10K restitution money above blue book or fix + cash. Not saying loyalty discount might not happen, but...*If* there are dealer incentives offered to attract TDI owners, my guess is they'd probably be offered at or close to the beginning of the buyback period. Both to encourage turn-ins and to help dealers to make up for their recent lost business.
The plan proposed is pretty explicit and comprehensive. VW plans on buying back XX%, fixing XX% and XX% opting out or never replying. Past recalls have only netted about 40% response, even for safety items. I talked to three TDI owners in parking lots between Sept 2015 and April 2016 who were clueless or unmotivated to do anything.Although, there might be a second round too, closer to the end of the buyback deadline if less owners than they anticipated turn in their cars or seem to be waiting to see if there is a fix. But it might be psychologically difficult (and risky) to wait until then to see if there is another round of "loyalty" incentives. VW just might write those owners off.
Well, THAT should stop the mis-fueling. A filter that blocks diesel but allows gasoline through is a fantastic invention. Now what about the reverse: a gasoline filter for diesel powered vehicles?I agree, Diesels are NOT going away at all.
VW Diesel cars though, I don't see it in the North American future.
ALL this emission crap people say makes Diesel not worth the hassle, it's all coming to GAS Cars very soon:
Volkswagen may install diesel filters for gas-powered cars
.
It would be good if more people would do this. This is the advantage in holding onto the car as long as possible before turning it in. After all, most will replace it with another vehicle, which will immediately start normal depreciation. The terms of the settlement place depreciation on your Dieselgatemobile in limbo, with very favorable mileage terms, so it's worth extending ownership as long as possible*.https://www.ftc.gov/sites/default/files/pdf/att._2a_-_golf_mileage_table.pdf
Read through the instructions up top. They assume a standard 1042 miles per month as a baseline. The compensation is based on your total mileage but also the number of months after Sept 2015 you turn in the car. If you can drive less and hold onto the car longer, your average mileage per month gets lower which means they pay you a little more. We're talking $300 every 5000 miles so it's not like there's a huge draw to do this especially if you're still paying on the car.
VW has already bitten the bullet on how much they will have to shell out. I think, from their point of view, the more buybacks they get and the quicker they get them, the faster it puts the scandal and bad smell behind them, the more they can trumpet what a good deal VW owners got. By contrast, more owners taking the fix,or just waiting to see and decide whether to take the fix drags the whole thing out for almost two more years. And then two more years after that as drivers come in for warranty repairs or complaints. As well as complain (and post here!) about lost mileage, torque etc. etc.Are you assuming VW want's to buyback cars?
Come to think of it, 1042 miles a month is more generous than most lease terms you see advertised on TV, which are often 10k miles a year. Those are for new cars, but still.The terms of the settlement place depreciation on your Dieselgatemobile in limbo, with very favorable mileage terms, so it's worth extending ownership as long as possible
VW has already bitten the bullet on how much they will have to shell out. I think, from their point of view, the more buybacks they get and the quicker they get them, the faster it puts the scandal and bad smell behind them, the more they can trumpet what a good deal VW owners got. By contrast, more owners taking the fix,or just waiting to see and decide whether to take the fix drags the whole thing out for almost two more years. And then two more years after that as drivers come in for warranty repairs or complaints. As well as complain (and post here!) about lost mileage, torque etc. etc.
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I have a feeling the 2 year window was one of logistics, not leniency. They simply can't take in that many cars (for buyback OR repair) in a shorter time. I doubt they will be trying to speed it up.... to gain an advantage over the "cost & timing" " of buy backs etc, maybe they are.
... but as time goes along the REAL completion rate will be the reality of it.
.... VW is free to offer additional incentives if they NEED to speed up the rate of completion.
Heh, you use the word "loyalty", IMHO VW has shown no "loyalty" to us as a consumer, loyalty goes both ways. Their resolution for this scandal has been pure business, simple numbers. For me to consider going into another VW product, they will have to offer me not only a significant discount, but 0% financing and maintentance included.Are you assuming VW want's to buyback cars? I doubt it. No doubt VW wants to retain buyers, but loyalty offers are clearly not baked into this somewhat complex package. They are already giving out $5K to $10K restitution money above blue book or fix + cash. Not saying loyalty discount might not happen, but...
The plan proposed is pretty explicit and comprehensive. VW plans on buying back XX%, fixing XX% and XX% opting out or never replying. Past recalls have only netted about 40% response, even for safety items. I talked to three TDI owners in parking lots between Sept 2015 and April 2016 who were clueless or unmotivated to do anything.
I read in the forum (did not read it in the "Exhibits" that VW must get 85% off the road or be fined more? Don't know if that is true. If true VW will be motivated to sweeten the pot. So waiting is good. Also waiting has not big disadvantage since you are basically getting depreciation free driving with value calculated back to Sept 2015, if you don't rack up too many miles.
Yep,I have a feeling the 2 year window was one of logistics, not leniency. They simply can't take in that many cars (for buyback OR repair) in a shorter time. I doubt they will be trying to speed it up.
Yeah, I don't see that happening (the incentives OR the running behind). When people have a known and readily available offer for their existing car sitting there, there will be a LOT of itch to get something new. Even those who have run the numbers and thought, "hmm.. I can make an extra $500 if I keep the car the full 2 years," and even the ones who've decided they aren't going to let anyone 'take' or 'touch' their precious car, are going to get an itch every time they see a car they might like - the thought process will then be "ooh.. that's nice - and with the VW cash sitting there for the taking, I can get it tomorrow for $x..."Yep,
But IF they do start to run behind the insensitives may kick in
They had trouble giving away $1000 no strings attached, and you think folks will run right down and drop off a car now? Car shopping is just about the last thing on my list of things to do, couple with folks that weren't even thinking about it, offering barely enough to satisfy DOJ isn't really much of a motivator to the general public.Yeah, I don't see that happening (the incentives OR the running behind). When people have a known and readily available offer for their existing car sitting there, there will be a LOT of itch to get something new. Even those who have run the numbers and thought, "hmm.. I can make an extra $500 if I keep the car the full 2 years," and even the ones who've decided they aren't going to let anyone 'take' or 'touch' their precious car, are going to get an itch every time they see a car they might like - the thought process will then be "ooh.. that's nice - and with the VW cash sitting there for the taking, I can get it tomorrow for $x..."
They thought of the optics, which is why you have to get a turn in date, sometime in the next 90 days after requesting it.I can just picture watching the evening news the first day of the buyback, TDI's lined up for miles down the highway at the VW dealerships
I can just picture watching the evening news the first day of the buyback, TDI's lined up for miles down the highway at the VW dealerships
I have not read through all the court docs. Is this something that we need/should do now?They thought of the optics, which is why you have to get a turn in date, sometime in the next 90 days after requesting it.
Nothing to do until the CAS final settlement hearing Oct first week, court to likely set the date in the July hearing. you'll get something in the mail, likely in August, so nothing to do for the present unless you want to comment to the DOJ, FTC, or the court on the CAS docs. But none of the commenting websites have been enabled yet for DOJ or FTC, and the CAS won't start until after the July 26 date anyway, for today, there is really nothing to do.I have not read through all the court docs. Is this something that we need/should do now?
IMOI have not read through all the court docs. Is this something that we need/should do now?
IMO
sit tight for now
just do NOT Total it
WOWIt's been brought up by others, but just as a reminder, if your car is totaled before you do a buyback or fix, they won't reimburse you for the NADA value, but they will still give you the compensation. Insurance companies will likely pay very close to the NADA value, so you won't lose everything.
Example - if september 2015 NADA 18,000 and current NADA 14,500.
Ins pays 14,500 and VW pays 20% of 18,000 plus ~$3k or $6,600, so you'd get $21,100.
Not as good as the $24, 600 you'd have gotten, but better than it would otherwise have been. You always lose if your car is totaled, whether you're going to get a buyback or not.
If you can afford it, buy a different new car, park the VW, and then when the other car gets totaled you'll get screwed over by insurance company on that car instead of the VW.
:-(
Are you referring to what happens after the opt-out date, because the only thing in there I see regarding totaling your diesel between June 28 and the opt-out date is that you're entitled to nothing except suing VW on your own.It's been brought up by others, but just as a reminder, if your car is totaled before you do a buyback or fix, they won't reimburse you for the NADA value, but they will still give you the compensation. Insurance companies will likely pay very close to the NADA value, so you won't lose everything.
Example - if september 2015 NADA 18,000 and current NADA 14,500.
Ins pays 14,500 and VW pays 20% of 18,000 plus ~$3k or $6,600, so you'd get $21,100.
Not as good as the $24, 600 you'd have gotten, but better than it would otherwise have been. You always lose if your car is totaled, whether you're going to get a buyback or not.
If you can afford it, buy a different new car, park the VW, and then when the other car gets totaled you'll get screwed over by insurance company on that car instead of the VW.
:-(
someone else posted better info earlier, here's what I found in a quick search:Are you referring to what happens after the opt-out date, because the only thing in there I see regarding totaling your diesel between June 28 and the opt-out date is that you're entitled to nothing except suing VW on your own.
I've been really lucky with the dealer that I bought my Passat from: they actually seem to be one of the few that are genuinely concerned about customer service. I was able to talk to them about terms for the Goodwill cards when they came out. One of my co-workers also has a Jetta TDI from them, and spoke to the sales person that he bought the car from: she was just as frustrated with VW as he was since she owned a TDI as well. They're just as much in the dark as we are and want a resolution as well.I've seen a couple others posting in this thread about the "cluelessness" of VW dealers they've been to, in regard to the whole Dieselgate issue.
I myself encountered this - when I took my car in for it's 10,000 mile servicing in January, I talked with the salesman who sold me my car, and he seemed completely in the dark. When I returned in March to get my $500 gift card and $500 VW credit (which I used to buy window air deflectors and roof rails), he was still at a loss.
Has anyone here encountered a dealer who seemed better informed?
My wife has also told me, that as a part of the settlement, VW is forbidden to offer any special deals contingent on you taking either settlement - although I haven't seen that anywhere else, but she's more of a read a 40+ page settlement type of person than I am. Has anyone else heard/read that anywhere?