Possible to get 3.0 initial payment right away, and still sell back in 2 years?

[jibberjive]

I chose the emissions fix for my gen 1 3.0l, to see what the documentation says that comes with the emissions fix.

In the final offer letter, there is an interesting paragraph (and also some possible contradiction). It says:

"ALTERNATE OFFER: You may change your selected remedy at any time before the modification is complete. If you decide to change your selected remedy, you will need to submit additional documentation to verify your eligibility. Once your eligibility is confirmed, you may schedule and appointment to return your vehicle and accept the buyback payment or Trade-In Credit."

At the top of the letter, however, it says, "The release only becomes effective and binding after you receive a benefit under the Class Action Agreement."

Do you think that I could schedule the car initially as an emissions fix, go get the first half of the restitution payment, and then drive the car for a year or two and switch to buyback after having received the first half of the restitution (even if they have already come up with an emissions fix by then)?

 

[Motodude]

Why would you not do the buyback and then buy a gen2 3.0 and get the $10,000 w fix money? Financially you would come out way better and you could get a newer model w less miles and probably cost you nothing.

 

[GoFaster]

Friendly advice: Don't push your luck. Make up your mind at the outset and stick with your decision after committing to it. VW has thus far been quite inflexible with every step of this process.

Even if it turns out that you COULD do what you suggest ... why bother?

Aren't the gen 1 3.0 those for which no fix is expected?

 

[Motodude]

Friendly advice: Don't push your luck. Make up your mind at the outset and stick with your decision after committing to it. VW has thus far been quite inflexible with every step of this process.

Even if it turns out that you COULD do what you suggest ... why bother?

Aren't the gen 1 3.0 those for which no fix is expected?

Dont push what luck? Sell it back w no downside and get more money back then a gen 2 3.0 cost then buy a gen 2 3.0 take the fix money and get $10,000 w no downside and have cash in hand, a newer car w less miles. Its a for sure deal, How is that pushing your luck. Why bother? Again get a newer car w less miles and put money in your pocket. The question is How could you not do that? Pretty easy decision

 

[Motodude]

I am selling back a 2012 q7 w air suspension and 87,000 miles for $53,000
and I bought the exact same car except a 2014 w, 45,000 miles for $36,000. I am getting an additional $11,000 for the fix for that car. So sell back for $53,000 and get a newer lower mileage one for $25,000. Explain to me why I would not want to do that? This guy could could easily get something beneficial over keeping a buyback car.

 

[GoFaster]

The "don't push your luck" pertained to the original poster's suggestion, not yours.

If you want a buyback ... file for a buyback. If you want a fix ... file for a fix. Don't count on VW paying you part of the fix compensation and then grant the buyback later. It might happen ... or it might not, especially in view of the contradictory language that was posted. The safest course of action is to assume that the contradiction does not go in your favour.

 

[Dup_Loop]

The half payment for the modification is not an option on Generation 1 3.0L vehicles. Only on Gen 2.

 

[jibberjive]

Why would you not do the buyback and then buy a gen2 3.0 and get the $10,000 w fix money? Financially you would come out way better and you could get a newer model w less miles and probably cost you nothing.

I would prefer the security of being able to drive the car completely free for 2 years, rather than having a discounted gen II that I am stuck with indefinitely (which I would have to sell, rather than just turn in, if/when I decided to bail). And are there still that many good deals around on gen II's? People are going to be getting their half-restitution money pretty quickly on those cars, so the window on those cars looks to be closing shortly as well.

The half payment for the modification is not an option on Generation 1 3.0L vehicles. Only on Gen 2.

So I am up on all of the long legal docs, but not so much on the half-restitution stuff. Do you know off the top of your head where, specifically, it references the half-restitution up front (and says that it is only gen II's)?

 

[Dup_Loop]

See page 21 of the Long Form Notice. It doesn't anywhere expressly state that the Participation Payment is available for the Generation 1 Reduced Emissions Modification, but it only describes it's availability for Generation 2 Emissions Compliant Repairs.

https://www.vwcourtsettlement.com/en/docs/3Liter/Notices/VW%203L%20Settlement%20Notice.pdf

Also note the difference in the processes for the modification in Generation 1 vs Generation 2. The Participation Payment is only shown in the overview for Generation 2.

https://www.vwcourtsettlement.com/en/docs/3Liter/HowTo/3.0Gen1_CustomerAEMO.pdf

vs.

https://www.vwcourtsettlement.com/en/docs/3Liter/HowTo/3.0Gen2_Customer-TimelyAECR.pdf

 

[jibberjive]

Thanks for the info.

 

[TDIforDays]

If that would be an option, your buy back amount will be reduced by that payment. Just like they reduced fir previous owner claims.

 

[jibberjive]

Of course. But i would have $6k in my pocket for 2 years, rather than $0k.

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