If there is a Buyback..What would it take for you get out of your TDI?

[30Bones]

There will not be a buy back, so this thread is 100% speculation. They certainly will not pay of your loan if you are upside down PLUS more $$. You might walk away without a payment, but I doubt you will have excess $$ from it

Where is my bonus? Car is paid for in full. Do I get only book value plus more $$.

Perfect daydream scenario for me. I want all my maintenance I have dumped into this thing returned, cost of diesel put in over 77K miles (have my Fuelly logs of over $7K), what I paid for the car out the door (tax, title and license) and a hefty discount on a new model. Take away the discount and I will gladly go buy myself and my wife a solid 3-5 year old used vehicle in the $15-17K range each and give my soon to be driving stepson our reliable as a hammer 06 Corolla.

Until then I am going to drive it until a verdict is made and proceed from there. Wasn't planning on selling it anyway. Class action lawsuits will be happening

 

[seth1065]

the idea that VW will buy out everyones car and clear their loan is la la land, they may give you fair value ( say KBB, edmunds, who ever) of what your car was worth Sept 1 plus a enhanced deal on a new VW, say 4k off sticker, if your car was worth 11k in sept one that is what you get, if your loan is 13k your underwater and that is not VW problem, maybe you roll that into the next car or you pay off your loan or you say no thanks I will keep what I have and either deal with the "fix" or opt out if you live in a area where they do not test. I just finished my last payment on my car last month and I do not know if I would take the above VW deal because I do not want another few years of payments but we will see what they offer. have no idea how many TDI's are leased or how VW would deal with them but that is their problem.

 

[kszach]

When Toyota bought back my rusty framed Tacoma, their policy was 150% KBB value, excellent condition, no miles for your particular vehicle. I may be recalling the 150% incorrectly but it was definitely over 100%. How it worked out for me... paid $5k for the truck, drove it 2 years went to sell it thinking I may be able to ask $5k for it then I noticed the frame was rusted through. Called Toyota (they extended the rust warranty on this particular model due to issues), took the truck into dealer while they rented me a car. They called me about a week later, said yup it is rusted thru... Stop down and sign papers, Toyota will give you $10.5k for it. I could not get down there fast enough!!!

I doubt VW will be as generous though. I did buy another newer Tacoma in its place. I would still be in a Toyota today if they put a diesel in any of their pickups

 

[pparks1]

. I want all my maintenance I have dumped into this thing returned,

Was the emissions override code the cause of the problems which led you have to perform maitenance.

cost of diesel put in over 77K miles (have my Fuelly logs of over $7K),

You would have been putting fuel into any other type of car that you would have been driving instead for those 77k miles.

what I paid for the car out the door (tax, title and license) and a hefty discount on a new model

Did you not get utility out of the 77k miles you have driven already? Just because this problem came out now, doesn't mean that your experience over the past X number of years has been any different.

. Take away the discount and I will gladly go buy myself and my wife a solid 3-5 year old used vehicle in the $15-17K range each and give my soon to be driving stepson our reliable as a hammer 06 Corolla.

Used cars are the better financial decision anyway. Let somebody else take the depreciation hit

 

[Got Haggis?]

at most, I suspect we will get a refund on the diesel engine premium...and maybe some fuel cards

*assuming performance is affected

 

[pknopp]

I respectfully disagree. Many people bought the product based on advertisement and claims that it was "clean" and good for the environment and met all legal emission laws and standards. What they got was not the product they were told they were buying.
I don;t know, think of it as buying Diet Coke because you want to lose weight (Yeah, I know, it's all bad, but work with me). Diet Coke claims to be no calories and sugar free, hence a far better alternative that regular Coke. But, then you find out Diet Coke was just repackaged Coke, full of sugar and 100 calories. If that's the case, you've been misled, lied to. You;re going to want your money back. You're going to demand damages to be paid. Granted, there is a big difference between a $1.75 bottle of Coke and $10,000 left on my car.
But, this is what Volkswagen has done. They didn't sell the car they said they were selling. The broke the consumer's trust. They broke their confidence. They now have to make the necessary reparations to retained those customers, whether it be the tree huggers or people like me who bought the car for the milage (I drive 200 miles a day).
I will gladly buy another VW if they forgive my note and offer a sizable "loyalty" rebate. But, I will not be happy if I have to pay off the car, and then be burdened with the lost of cargo space/spare tire/performance while incurring an additional maintenance expense along with paying the 50 cent more per gallon for diesel while getting the same milage as a gas VW.
Waitaminute... did I misunderstand the post I quoted? Oh well... had to rant a bit..

The rant is understandable.

A persons pay off is irrelevant. Let's say VW does something incredible and offers 150% of high book. (I'm NOT saying that is going to happen).

If that is $15,000 and I owe $10,000 I'm good. If you owe $17,000 they are still only going to give you $15,000.

 

[30Bones]

Was the emissions override code the cause of the problems which led you have to perform maitenance.


You would have been putting fuel into any other type of car that you would have been driving instead for those 77k miles.


Did you not get utility out of the 77k miles you have driven already? Just because this problem came out now, doesn't mean that your experience over the past X number of years has been any different.


Used cars are the better financial decision anyway. Let somebody else take the depreciation hit

I was in daydream mode My car is staying my car

 

[nattyboh2027]

Someone please explain to me why can't VW do a buyback and issue a car voucher up to about $25,000!?? I bought a brand new 2013 Jetta TDI in 2014, I've been doubling up on my monthly payments and could possibly have it paid off by the end of the year. Why should all of the TDI owners have to suffer with degraded performance/mpg if the EPA/Feds enforce a mandatory recall? VW better issue me a dang car voucher for one of their gas cars!!!

 

[tjsadler]

It will be interesting to see what is announced. In some cases the settlement may vary by state. Some states have very few consumer protection laws. Others, like here in California, have TONS of consumer protection. I think it would be very easy to legally prove that VW fraudulently mis-represented what they were selling us and under the laws in most areas we would be eligible for ALL of our money back plus damages depending on your state laws. That being said, it would be difficult to file a personal lawsuit because of legal costs and court backlogs (It might be years before a case was heard). Class action suits really only benefit the lawyers and still take years. We will be lucky to get a few hundred dollars each from that so hopefully VW comes up with enough options to satisfy most people and keep them out of class action suits.

 

[HJWII]

Am I the only one thinking that VW's damage control has to be swift and generous to maintain their US consumer base?

Or is China and South America such a big player now that the US market can be sacrificed financially?

 

[30Bones]

I am not a die hard VW fan and this is likely my last VW purchase (even before this big stink). I really could careless about their US market if it tanks or not. I am keeping my car until I can no longer justify throwing $$ at it for repairs. Hoping that isn't until 200K so I have a while yet.

 

[CraziFuzzy]

...install a Gary Larson Transmogrifyer chip ...

Wait, didn't Bill Watterson draw the Transmogrifier?

 

[Philpug]

I respectfully disagree.....
Waitaminute... did I misunderstand the post I quoted? Oh well... had to rant a bit..

LOL, I think you did.

 

[ATR]

Am I the only one thinking that VW's damage control has to be swift and generous to maintain their US consumer base?
Or is China and South America such a big player now that the US market can be sacrificed financially?

You're not alone in thinking that they need to be swift and generous. I was thinking that early on after this new broke.

 

[CraziFuzzy]

Someone please explain to me why can't VW do a buyback and issue a car voucher up to about $25,000!?? I bought a brand new 2013 Jetta TDI in 2014, I've been doubling up on my monthly payments and could possibly have it paid off by the end of the year. Why should all of the TDI owners have to suffer with degraded performance/mpg if the EPA/Feds enforce a mandatory recall? VW better issue me a dang car voucher for one of their gas cars!!!

Because that's $275 billion. Not going to happen, when the 'experts' estimate for a fix is closer to $20 billion.

 

[Philpug]

While we are getting a lot of talk now that our business and trust is important, I think in the long run, Our trust and happiness is not their concern. If they made this decision to save 330 ER per car...what do you think they will put towards our "trust"?

 

[CraziFuzzy]

'realistically', you have to look at the damages we've incurred to this point. Right now, the only damages any of us have incurred from this fiasco is Pride (from being lied to), and increased pollution (which is an assault on everyone, not just the TDi owners). The pollution assault will be paid for by fines, penalties, and possibly criminal prosecution. The pride is the dollar value we need to look at (at this point in time), and is likely to the tune of a couple thousand dollars. Now, once the 'fix' is in, and we are left with potentially less of a car, then we have an added amount of damages, between the promised (and previously experienced) performance, and what we are left with once the cars are brought above board. That will likely be around the cost of the TDi premium over the comparable gas model, prorated for the expected FUTURE life of the vehicle. I am likely to have much less future damages accrued on my 2009 model than someone who just bought a 2014. By that respect, I'd be less damaged, as I've been able to enjoy the promised performance for 6 years already. Future damages would likely range from $2,000 for the 09's, to $7,000 (diesel markup) for the 14's. That is a compensatory payment of $4-9k, and you keep the car - NOT a buyback. A buyback would be Sept 1st KBB + $2-3k 'sorry cash'.

 

[ATR]

While we are getting a lot of talk now that our business and trust is important, I think in the long run, Our trust and happiness is not their concern. If they made this decision to save 330 ER per car...what do you think they will put towards our "trust"?

That 330ER per car savings then is going to cost them dearly now.

When it comes to stuff like this it never pays to be cheap.

 

[CraziFuzzy]

That 330ER per car savings then is going to cost them dearly now.
When it comes to stuff like this it never pays to be cheap.

It USUALLY pays to be cheap. It doesn't pay to be unlucky and get caught.

 

[maxedtdi]

Someone please explain to me why can't VW do a buyback and issue a car voucher up to about $25,000!?? I bought a brand new 2013 Jetta TDI in 2014, I've been doubling up on my monthly payments and could possibly have it paid off by the end of the year. Why should all of the TDI owners have to suffer with degraded performance/mpg if the EPA/Feds enforce a mandatory recall? VW better issue me a dang car voucher for one of their gas cars!!!

Shouldn't you get an extra 50k for pain and suffering?

This is AMERICA we're talking about here.

That's what you get for driving a **** car.

 

[sarahspins]

I'm not wanting out of mine, but if it did come down to a buyback, VW would basically owe me a brand new one... mine isn't that old and it's been well cared for, I bought it intending to have it for a while. I shouldn't be screwed financially just 15 months after buying it because they decided to cheat.

 

[325_Guy]

A million dollars. Bare minimum.

Even though these cars obtain above-label fuel economy, their NOx output (which is what we all looked at when we bought a TDI, right?) is an abomination.

I AM A VICTIM! I DEMAND REDRESS!

 

[AlcoC420]

A solution that VW would likely not offer in the U.S. is one I'd consider -- replacing the diesel engine with a new gasoline engine. If I could do that and keep the 6-Speed manual, I'd take it. I continue to wonder why VW has never offered the SE or SEL Sportwagen with a manual transmission. Only the S has the option. It was the upscale interior and manual transmission that put us in a TDI, not the engine. It's been a great car though and we have no regrets.

 

[undertaker]

and thats my fear.....I feel like our book values have tanked 20% in the past week.

So I went shopping for a truck for the wife.....

Took the VW to see what its NOT worth.

how does 4300 bucks sound for a tdi cup with 66k miles? (good condition on edmunds came back around 12k for trade in) at the only of 3 dealers that would touch it.

I think we have a lil problem on our hands

 

[Jimmy Coconuts]

So I went shopping for a truck for the wife.....

Took the VW to see what its NOT worth.

how does 4300 bucks sound for a tdi cup with 66k miles? (good condition on edmunds came back around 12k for trade in) at the only of 3 dealers that would touch it.

I think we have a lil problem on our hands

Doesn't surprise me. The values will likely increase after the fix, but who knows how close to pre-dieselgate values they will go? I'm betting 75-80% at best.

 

[IndigoBlueWagon]

KBB today shows your car worth $10,491 - $12,008 as a trade. Don't know where the dealer got that number. Maybe they were testing how desperate you were to sell.

 

[undertaker]

KBB today shows your car worth $10,491 - $12,008 as a trade. Don't know where the dealer got that number. Maybe they were testing how desperate you were to sell.

they said as a dealer they can't sell a vehicle that does not meet epa standards and were sending pics out to some sort of wholesaler (not sure if its a NY thing or what)

I saw the paper when he brought it back he simply said we're going to forget about the possibility of trading the vw in. Then again I doubt the caddy dealer had much interest in a tdi on their used lot but who knows.

I had some preapproved offer from autotrader for like 13k mid summer......wish I would have gotten rid of this thing then, just wanted to wait for deals on a leftover truck.

 

[I800C0LLECT]

I was offered pre-epa buy back from the dealership. They'll give me cash or put towards a purchase towards new/used and from any brand they carry... Which is most if not all?

I'm thinking about doing it. Kids have run through it pretty well anyways.

2012 Passat TDI se with 60K.

Any thoughts? I'm mainly concerned because I'm military and wouldn't want to be stuck moving to CA where there's a long term chance of forced purchase.

I only have until October 31 to accept

 

[ATR]

I was offered pre-epa buy back from the dealership. They'll give me cash or put towards a purchase towards new/used and from any brand they carry... Which is most if not all?

I'm thinking about doing it. Kids have run through it pretty well anyways.

2012 Passat TDI se with 60K.

Any thoughts? I'm mainly concerned because I'm military and wouldn't want to be stuck moving to CA where there's a long term chance of forced purchase.

I only have until October 31 to accept

My thought is "WAIT!".
VAG has until October the 7th to come up with a plan in Germany and also the rest of the world's VW Diesels. We should know something well before your deadline as to what VW's plans are to "refit" the cars.

 

[TNriverjet]

Buybacks work off of the purchase price of the car. A "per mile" charge is deducted from the purchase price. Everyone's results will vary based off of their odometer.

Just so it is recorded somewhere in writing, I had about 60K on the car when this went public. In a year when settlements are likely to start taking place, I will have over 100K. I bought this car in March 2015 with 38,500 miles.

I don't intend to let any VW tech near my car with an OBDII plug-in device. I'll keep my mileage, thank you very much. Our county emissions testing is OBDII based, so the car "knows" how to act when those bone heads tap in.

If we can keep our wits about us, I predict resale values eventually going up. Low supply now will eventually drive some increase in demand.

...Anyone want to start a business putting used CR engines in Polaris Razr's or similar "off road" vehicles?