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

[Philpug]

I keep reading in this thread about how VW should pay us 150-200% of KBB Value, but how fair is that when KBB values have already been manipulated downward in the past week due to all the VW revelations? Three months ago, I test drove a 2015 GTI and was quoted $11K trade-in value for my 2010 Golf TDI, before any other discounts. Yesterday, I test drove a few new Mazdas and was quoted $7500. Both Values were based on KBB. That is a huge drop in value, so I most certainly hope VW does NOT base any kind of reimbursement on current KBB values.

I am not sure if you are familiar with what Subaru does for their GTP (Guaranteed Trade Allowance), it is a set table for years, models and options mileage. Over/Under miles from the base table could be adjusted .15/mile. It could be done simply and fairly. The basis could be set off of a average of KBB/NADA/Edmunds from August. But it could also be 6-12 months before anything happens.

 

[CHenry]

If you ask me, any amount would be enough to get me into a new MX-5.

It's a sweet car, at least it has been for the past two months.

 

[Philpug]

It's a sweet car, at least it has been for the past two months.

I love my 92 Sunburst but the ND would be very tempting but I like not having a payment more than I like the ND.

 

[Philpug]

I paid 26K for my 10 TDI. I have abbot 127K on it, even if they deducted .10/mile..I am still at a value of just over $13K for my car. I am not sure I could afford to get out of it for that.

 

[jayemdaet]

Just noticed http://www.vwdieselinfo.com/ it looks like it's from VW.
In the FAQ area, the last question eludes to the possibility of selling your car back to VW.

 

[South Coast Guy]

Just noticed http://www.vwdieselinfo.com/ it looks like it's from VW.
In the FAQ area, the last question eludes to the possibility of selling your car back to VW.

My reading of the statement and FAQs is that VW has not come up with a solution to the problem yet. And they haven't decided what they will do for owners of diesel VWs. I don't see any suggestion that VW will buy back your car.

 

[roostre]

…..
Other than here this is already becoming yesterday's news.
…..

If by “here” you mean TDIClub, that would be understating the issue.

It will be a long time before this is “yesterday’s news” for owner’s of the affected vehicles and many others around the world waiting to see how this will end.

I read your posts and value your professional opinion but the “yesterday’s news” statement “downplaying” the situation bothered me.

Sorry.

 

[IndigoBlueWagon]

Not "yesterday's news" to the 480K TDI owners, I agree. But the general public tends to move on. My point was that in a few years when people go to trade these cars in this won't be a big issue. You could argue it should be, but the public has a short memory. For example, I had no awareness of the buybacks for either Ram trucks or the payout for Hyundai engine failures until I read about them here. People who aren't directly involved tend not to pay attention.

A lot of whether or not it gets continued press depends on VW's response. If people feel they are treated without respect or that the company puts themselves first, then it'll continue to get attention and negative publicity.

 

[roostre]

The “general public” lives in a “paper-doll world”.

I bought the TDI after I retired. I had the time to test drive many vehicles. The Golf TDI’s exterior, interior, and ride were what sold me.

I do not need a buyback or payout. I will accept less performance and fuel mileage, if I have too, assuming it is not too severe. What I do worry about is future reliability and repair costs after the "fix".

 

[kydsid]

Not "yesterday's news" to the 480K TDI owners, I agree. But the general public tends to move on. My point was that in a few years when people go to trade these cars in this won't be a big issue. You could argue it should be, but the public has a short memory. For example, I had no awareness of the buybacks for either Ram trucks or the payout for Hyundai engine failures until I read about them here. People who aren't directly involved tend not to pay attention.

A lot of whether or not it gets continued press depends on VW's response. If people feel they are treated without respect or that the company puts themselves first, then it'll continue to get attention and negative publicity.

Disagree. The VW issue has been a top story listed in google news and other analytics since it first came out. Its been a headline story on morning and evening news sources the world over for days on end. Non auto news sites are writing stories about the issue. Financial markets are being affected. Raw metals prices are changing. Your hemi.and huyandai examples are magnitude 2 quakes this is an 8.0 or better and will be in the news for months.

 

[CHenry]

Any advice:

I've had my 2010 JSW since late 2009 and it runs great (expect for the . . . . any extra money into the car in the short run, other than oil changes...but when the next DSG service comes up, it will be a decision point for sure.

You could do the DSG change yourself for a reasonably small amount. Your next big expense is the timing belt change, also at 120K, which because of labor involved, is not cheap.

 

[MotoTDI]

Disagree. The VW issue has been a top story listed in google news and other analytics since it first came out. Its been a headline story on morning and evening news sources the world over for days on end. Non auto news sites are writing stories about the issue. Financial markets are being affected. Raw metals prices are changing. Your hemi.and huyandai examples are magnitude 2 quakes this is an 8.0 or better and will be in the news for months.

VW has clearly been caught with their pants down in a clear case of consumer fraud not tied to a product defect but an attempt to defraud U.S. EPA and 400K+ consumers.

I would call it product sabotage because VW had a product (TDI) in the marketplace that was sought after, respected and envied. Now Clean Diesel technology has been discovered as a fraud that never existed with the 2.0 TDI engine.

The punishment must be severe to discourage this sort of rogue industrial behavior.

 

[kevin_in_idaho]

VW has clearly been caught with their pants down in a clear case of consumer fraud not tied to a product defect but an attempt to defraud U.S. EPA and 400K+ consumers.

I would call it product sabotage because VW had a product (TDI) in the marketplace that was sought after, respected and envied. Now Clean Diesel technology has been discovered as a fraud that never existed with the 2.0 TDI engine.

The punishment must be severe to discourage this sort of rogue industrial behavior.

I totally agree. If they can't make 90% of the current owners happy (90% because some people won't be happy no matter what), then they will have even a bigger issue. Paying a fine to the EPA won't help all the owners around the world.

 

[dmarsingill]

Disagree. The VW issue has been a top story listed in google news and other analytics since it first came out. Its been a headline story on morning and evening news sources the world over for days on end. Non auto news sites are writing stories about the issue. Financial markets are being affected. Raw metals prices are changing. Your hemi.and huyandai examples are magnitude 2 quakes this is an 8.0 or better and will be in the news for months.

This is the only place that I've seen or heard about it. Not one person has asked me about it, and none of my friends or family have heard about it.

Donald

 

[bizzle]

You're right, but for me I drive highway 90% of my 120 mile round trip commute. Use to get 52-54mpg consistently at 65mph. After I got the the reflash from the Stealership I have a hard time reaching 50mpg. If what ever fix they do lowers my mileage any more....my dpf will accidentally find its way off my car....


Sent from my iPhone using Tapatalk

After a 700m round trip from LA to the desert this weekend I noticed that when cruising I haven't seen much difference but any inclines or hard acceleration and the mileage plummets like a cinder block.

That may be why some people are not noticing much difference and others are seeing major hits.

I keep reading in this thread about how VW should pay us 150-200% of KBB Value, but how fair is that when KBB values have already been manipulated downward in the past week due to all the VW revelations? Three months ago, I test drove a 2015 GTI and was quoted $11K trade-in value for my 2010 Golf TDI, before any other discounts. Yesterday, I test drove a few new Mazdas and was quoted $7500. Both Values were based on KBB. That is a huge drop in value, so I most certainly hope VW does NOT base any kind of reimbursement on current KBB values.

A dealer is going to try and use any book that can be used to haggle you down and doesn't reflect fair market value.

For a vehicle with special interest, like a TDI, an enthusiast BMW, or a classic muscle car, for example, the market is much more difficult to read if you don't have much experience. My '98 TDI KBB value is about $1,000. I haven't checked my E30's estimate, but it's probably the same. Both regularly sell for for 4-5x their KBB values and anyone selling at those prices would be taking a significant real-world loss. Buyers, however, are happy to offer pennies on the dollar. The simple fact that they're willing to offer you anything at all, while simultaneously claiming they need to be worried about resale value, tells you that they're not that worried about reselling the car. If a dealer was really worried about the resale value of a car, they wouldn't entertain an offer.

The legalities of a situation like this are that the responsible party needs to make you "whole." VW won't be able to use KBB or any book value to determine what any kind of pay out will be. They'll need to restore you (or us) to the state we were at before the damage. It's the same thing as when you're in a car accident. Insurance agents will always try and use various booking values but it's on you, the injured party, to research how much it will actually cost to get you back to where you were before the accident. When my wife's Geo Metro was totaled, the insurance company tried to offer us $850 dollars. They wanted to see any documentation of how much we paid for the car ($650), which unfortunately for them was irrelevant. Gas prices had risen dramatically over the year since we'd bought her car, it wasn't running and had bald tires when we bought it, I rebuilt the carburetor, put new tires on it, and put a new radiator in it (the seller still sold it for way below market value, again because he used KBB to price it out). At the time of her accident it wasn't possible to get a Geo Metro, in any condition much less comparable to hers, for less than $3,000 dollars and that's the base price we ultimately settled on with the responsible party's insurance agent.

If you want to get a sense of the current value of your vehicle look on these forums and any place that sells TDIs to see how much you can *buy* one for, not how much someone interested in owning or selling yours offers you for the one you currently possess.

 

[ATR]

This is the only place that I've seen or heard about it. Not one person has asked me about it, and none of my friends or family have heard about it.

Donald

I think this will vary from place to place in the US and also how into cars a person tends to be.

My boss (loves car racing) razed me about it last week. A bunch of my friends also knew about it. I've been getting questions about this and they seem to think that it's for ALL VWs not just diesels as the headlines point out.

 

[HJWII]

So, this may have been answered already; if so, I apologize:

I have a 2012. I currently have 175,000 miles on it, with a year to pay it off. By the time VW gets around with their "fix" (I'm thinking a year), I will have close to another 50,000 miles on the car. Compound that with the plummeting blue book value and basic wear and tear of 225,000+ miles, the car will be all but worthless.

Do I stand to come out of this with a decent buyback or some other reparations?

 

[bizzle]

VW has been ordered by the German government to come up with a fix within the next 10 days.

 

[dmarsingill]

I think this will vary from place to place in the US and also how into cars a person tends to be.

My boss (loves car racing) razed me about it last week. A bunch of my friends also knew about it. I've been getting questions about this and they seem to think that it's for ALL VWs not just diesels as the headlines point out.

I am a car guy. I mostly deal with old British cars, Z3's, and anything Jeep. I think it's the people that are overly reliant on media and social media that knows all about it!!

Donald

 

[HJWII]

VW has been ordered by the German government to come up with a fix within the next 10 days.

But how long before it can be implemented...? And when in the United States?

But, if they can do it before Christmas, more power to them...

 

[dmarsingill]

So, this may have been answered already; if so, I apologize:

I have a 2012. I currently have 175,000 miles on it, with a year to pay it off. By the time VW gets around with their "fix" (I'm thinking a year), I will have close to another 50,000 miles on the car. Compound that with the plummeting blue book value and basic wear and tear of 225,000+ miles, the car will be all but worthless.

Do I stand to come out of this with a decent buyback or some other reparations?

Just the mileage would deem your car worthless as a resale if it has 225,000 miles.....not the current fiasco. I am willing to bet that any auto brand would call 200,000 miles a lifecycle. Why would you think that you need reparations?

Donald

 

[kevin_in_idaho]

Well, we'll find out in 10 days or less. The German govt has give VW that amount of time to come up with a solution/plan.

http://blog.caranddriver.com/german...present-solution-to-diesel-emissions-problem/

 

[pknopp]

From the above article......some good news.....

If Volkswagen can’t present a viable solution by then, according to Dobrindt, the German government would have no choice but to ban the 2.8 million affected cars from driving on that country’s roads.

At least we don't live in Germany.

 

[Byrdmouse]

This thing is a mess, Winterkorn is right to bear the blame but he isn't alone. I'm starting to think that the emissions could be both of my problems (one being the check engine light for the EGR valve, the second being the air conditioning pressure switch that gets dirty and malfunctions) and those are the only 2 things I don't like about the car. The dealer that sold it to me knew those problems were there but still sold me the car for a premium. Not only will I never use Dean McCrary again I warn everyone I know before they use them too.

Having said all that, I still love my TDI and don't want to get rid of it. I'd participate in a buyback but try to buy another VW. I'd do a straight trade for a gas burner and when even go for an older one if it had the DSG in it. I've never loved a transmission before.

I saw another 2011 Jetta TDI with spoiler and chrome tip exhausts just like mine driving down the road today with a dealer sticker and tag on it. Somebody just bought one.

 

[cevans]

So, this may have been answered already; if so, I apologize:

I have a 2012. I currently have 175,000 miles on it, with a year to pay it off. By the time VW gets around with their "fix" (I'm thinking a year), I will have close to another 50,000 miles on the car. Compound that with the plummeting blue book value and basic wear and tear of 225,000+ miles, the car will be all but worthless.

Do I stand to come out of this with a decent buyback or some other reparations?

Man you DRIVE!

The question I have is if cars with such high mileage will even be covered. VW could argue that since the car is out of emissions warranty anyway that they don't need to replace the system, and, if the system fails it is the customer's responsibility to repair it and replace with the updated parts.

I have a high mileage 2010, so I'm hoping that isn't the case. I wouldn't mind a healthy trade in-offer, though!

 

[Jimmy Coconuts]

Just the mileage would deem your car worthless as a resale if it has 225,000 miles.....not the current fiasco. I am willing to bet that any auto brand would call 200,000 miles a lifecycle. Why would you think that you need reparations?

Donald

A buyback at fmv + 5% to 10% would probably be cheaper for VW than an SCR retrofit. In this case, it should be up to the buyer to decide on a buyback or a fix. Some people will want to keep these cars long-term.

Just because he has racked up some miles doesn't give VW a pass here.

 

[bizzle]

113K on our 2014 JSW and I'd welcome an SCR retrofit and would be less interested in a buyback unless it got us into a an eGolf or new TDI for pretty much nothing out of pocket other than reasonable car payments.

 

[HJWII]

Just the mileage would deem your car worthless as a resale if it has 225,000 miles.....not the current fiasco. I am willing to bet that any auto brand would call 200,000 miles a lifecycle. Why would you think that you need reparations?

Donald

Reparations:

1) If the car is retrofitted, I'm under the impression I will lose part of my cargo area or spare tire. One reason I bought the car was for the cargo space.

2) Software changes may alter my milage. After my fuel pump blew up, I noticed a significant drop in my milage. After this, my milage might be comparable to that of a gas engine vehicle. Between paying paying .35 to .50 more a gallon for diesel and the extra expense of maintaining a diesel, perhaps I should have saved the $2,500.00 when buying the diesel and opted for the gas SW.

3) Resale value of the car may suffer, by $1,000s. Granted, I have eleventy billion miles on the car, but the value is being affected, nevertheless.

And, honestly, I have only read bits and pieces of what's going to happen, so I may be totally wrong with the statements above...

 

[TDiZombie]

I wonder if VW would want to keep me with incentive to turn in my car for trade (what I paid) toward new TDi Touareg?

 

[Got Haggis?]

looks like its a retrofit

http://www.nbcnews.com/business/aut...w&hootPostID=e00a5de529618fa51c2a4c830360cc94