How to do your buyback calculations (& post them here!)

[DanB36]

No, only 2009+ qualifies.

 

[smd111]

No, only 2009+ qualifies.

Ok, thanks!!! If you have a 2009+ can you still take part in the buyback??

 

[DanB36]

If you have a 2009+ can you still take part in the buyback??

Yes, until late 2018.

 

[kjclow]

I found a 2010 JSW for sale in Charlotte on Autotrader yesterday. Just under 90K miles and the guy is asking $12,800 (IIRC). Looked at the buyback numbers and it shold come in around $15,500. I'm just tempted enough to start the wheels turning but the wife says no. Should I contact him and tell him about the buyout?

 

[jesus_man]

I'd be curious to know if the folks who bought after Sept of 2015 get the same treatment as those who bought before.

FWIW I bought my '09 JSW with 100k for $10k last July. I think 12.8 is a little steep.

 

[DanB36]

I'd be curious to know if the folks who bought after Sept of 2015 get the same treatment as those who bought before.

It's been discussed pretty extensively here. In short, folks who bought 9/18/15-6/28/16 get reduced restitution (78% of the restitution, IIRC), while post-6/28/16 buyers get full restitution just like pre-9/18/15 buyers.

 

[jesus_man]

It's been discussed pretty extensively here. In short, folks who bought 9/18/15-6/28/16 get reduced restitution (78% of the restitution, IIRC), while post-6/28/16 buyers get full restitution just like pre-9/18/15 buyers.

Hmmm, that seems counterintuitive.

 

[DanB36]

Hmmm, that seems counterintuitive.

Agreed, though it's what the FTC consent order specified.

 

[titleist1]

Besides the difference in state's, the other thing that they seem to do when generating the offer letter which could throw off the amounts is the buy back date used. They seem to use the date the paperwork was submitted as the turn in date when calculating mileage deductions rather than the offer letter date.

My letter is $450.27 less than the table calculations and online calculators and even the calculator the lawyers use. In talking to one of the lawyers today we could only get close to their numbers if we used November 2016 as the buy back date rather than the scheduled March date. The lawyer was confused why they would use November when the offer letter wasn't generated until January but felt the amount would be adjusted to what we came up with at the buy back appt in March. My cynical self is a little less confident about that.

Maybe this was already pointed out but i wasn't reading through 65 pages to find out...

Thought I'd give an update to the above comment....

The reminder email came yesterday for our buyback appt next week and the $ amount is now correct for a March '17 buyback versus the earlier $450 lite Nov '16 buyback calculation.

 

[HowieE]

I received an e mail stating the Bosch has signed a settlement for $375.5 million and that anyone filing a claim with VW will automatically receive an additional check form Bosch. Can anyone confirm this?

 

[2015vwgolfdiesel]

I received an e mail stating the Bosch has signed a settlement for $375.5 million and that anyone filing a claim with VW will automatically receive an additional check form Bosch. Can anyone confirm this?

You're good to go ~~ automatic with the BB

$350 if you have a 2 L

 

[HowieE]

There seams to be a wide variety of buyback amounts being posted. My question is where is the most accurate site one can use for the amount if the car is surrendered?

I ask this because I am rapidly beginning to think there will never be a FIX presented for those who wanted to keep their cars.

 

[DanB36]

There has already been a fix approved for MY2015 (2-liter) cars, and many people here have gotten it. It's unknown as yet whether there will be a fix for any earlier cars. Any of the calculators should be accurate, as it's a pretty simple calculation from the FTC's tables; https://agrahamg.github.io/VWBuybackCalculator/ seems to work pretty well.

 

[HowieE]

So far I have 3 different numbers ranging from $16,487 to $19,307. One subtracts for mileage, one adds for mileage, and one that does not take mileage into effect. All are simple surrender prices and do not include the the settlement if one keeps the car.

A New Jersey registered 2010 Jetta Sport wagon with a sunroof and 84,000 miles

 

[DanB36]

From what sources do you have those three numbers, and how have you determined them? The first number looks correct (and includes +$540 for mileage). Anything that doesn't take mileage into account will be no more than an estimate.

 

[HowieE]

agrahamg.github.io/VWBuybackCalculator, and
http://jalopnik.com/heres-exactly-how-much-volkswagen-will-pay-you-for-your-1782745097

I had closed the third site so I don't have it. I did have a forth number earlier today that was $15,400 but can't recall the site address. The VW site I originally got when I registered the car last Aug. no longer has a functioning phone number. I called VW of America and worked my way through their phone maze to make sure I was still in the Q.

Has anyone found a site calculated a settlement and received that amount when they turned their car in. If so what is that site URL?

 

[DanB36]

Yes, the link that I gave accurately calculated the buyback amounts for two of my cars. A third was bought between 9/18/15 and 6/28/16, so the calculation wouldn't be accurate for that.

The Jalopnik article looks pretty accurate at first glance, except that it looks like it gives only one table for mileage adjustments, while there are actually three depending on which model you own. Although this part:

And if the car has changed hands since September 18, 2015, the owner restitution payment will be divided 50/50 between the current owner and the one who owned it as of September 18th.

is simply incorrect.

The best answer will be to plug your car into the claims portal at http://claims.vwgoa.com and see what that says. I expect it will correspond almost exactly to the github.io calculator.

 

[PacCoastFwy923]

The calculator Dan linked to is accurate in most cases, and I use one hosted by the Boast VW dealership that seems to be a repackaged version of Dan's. The only error I've found in those two was for a car that was maxed out on the odometer.

You can also pull up the official tables on the VW settlement site and perform a manual calculation.

 

[HowieE]

A different Question

For those of us that live in States that have a sales tax on the purchase of a car. If we were to trade our TDIs in we would have reduced the sales tax on the purchase by the trade in value of the TDI.

I now have to buy a replacement car but will have to pay sales tax on the complete purchase price rather than the difference between the trade in value and the purchase price.

Yes there are those that will say that the inconvenience portion settlement value offered may have factored this in. Not so sure I would agree on that especially if you are surrendering an almost new TDI and replacing it with something of similar value.

There has got to be a Lawyer out there that sees a class action suit on this issue. Or at least an account that can justify it a a capital loss and a deduction on our income taxes.

 

[DanB36]

There is no class action to be had on this, as it would be part of your dispute with VW which has already been settled. Sales taxes can be deducted on your income taxes, though, if you choose.

 

[Gabbiegirl]

buy back

I thought they were supposed to give you the buy back value from Sept. 2015.

For me the value was like 12,000. Why am I only getting that minus the 5100?

 

[PacCoastFwy923]

I thought they were supposed to give you the buy back value from Sept. 2015.
For me the value was like 12,000. Why am I only getting that minus the 5100?

How many miles do you have, and where do you see they're subtracting $5,100?

A "normal mileage" '09 Jetta (105,000 miles) would be worth $7950 according to VW's tables, and $5,100 restitution would bring the total payment up to $13,050. Nav & sunroof bring that value up, manual transmission and extra miles lower it.

 

[XtreemLee]

2014 jsw, manual trans, power seat, panoramic roof, alloys, 61228 turned in today 3-18-17.
Calculator says 27107, got 26266.73 can anyone explain why???

Vehicle return amount 19400, restitution 6866.73.

 

[PacCoastFwy923]

It's because the alloy wheels only come as an option on the Value Edition Jetta sedan; they're factored in as standard equipment on the JSW. And I'm guessing you don't have the full-monty 6-way power driver seat. If you exclude those two options, I come up with the amount they paid you on the calculator hosted by Bost here: http://tdisettlementprogram.com/vw-tdi-buyback-calculator/

 

[XtreemLee]

It's because the alloy wheels only come as an option on the Value Edition Jetta sedan, not an applicable option on the JSW, and I'm guessing because you don't have the 6-way power driver seat. If you exclude those two options, I come up with the amount they paid you on the calculator hosted by Bost here: http://tdisettlementprogram.com/vw-tdi-buyback-calculator/

Hea that explains it thanks!

 

[quattroginger]

Buyback was March 3rd. Made 2 payments of 34X during buy back period. Got my check today for payments made and it's only 340. No breakdown how they came up with that but I find it hard to believe that in 2 months my interest was 340. Who do I call?

 

[PacCoastFwy923]

Call this forum.

Post your details or better yet, use one of the buyback calculators to check the numbers. Any number of us would be happy to double check with you.

 

[quattroginger]

EDIT: 4/3
so going through spreadsheet again i get the same number. i was within my mileage set so lets say it was 72k (had to be between 70k-75k)

2014 Passat SEL

28847 - Buyback Column 1
18,756 - adjusted mileage for 18 months x 1042 (march 2017)
53,244 - adjusted mileage off of 72k
2,430 - buyback adjustment off mileage
26417 - adjusted buyback from column 1

my concern was the payments made while waiting. my final number came out to be 26,416.73. paperwork and schedule completed in Jan. Car turned in March 3rd. my payments are auto scheduled for the 7th of each month. i made payment both Feb. and Mar. (even though Mar. car had been turned in for 4 days) then car was marked as paid off through vw credit on the 8th.

payments are $34X/month and i received a mailed check for only $34X.

UPDATE- received response finally from VW after portal told me to contact them since financed through them. they said they mailed me 2 checks but i only received 1. so they canceled the one i never received and sent out another. should have this week. all is good.

 

[2015vwgolfdiesel]

I now have to buy a replacement car but will have to pay sales tax on the complete purchase price rather than the difference between the trade in value and the purchase price.

Yes there are those that will say that the inconvenience portion settlement value offered may have factored this in. Not so sure I would agree on that especially if you are surrendering an almost new TDI and replacing it with something of similar value.

.....snip.....

This is one of the reasons I opted for the fix

This Okie would have had to pay ~ $1,000 TT&L for my new driver.

 

[jesus_man]

I agree and a) I like my car and b), what are comparable wagon models out there yielding 38+MPG and a similar driving experience for about the same money (10k) that I bought mine for??