That's a valid observation. But since VW credit has my Passat loan, I would reject that argument if VW tried to use it on me.One observation for everyone still waiting on VW. My brother and I submitted each of our own claims on the same day back in October. My car is already gone and he's still 'Under Review' and has been for awhile now. The only difference is that mine was fully paid off and his still has a lean. Maybe this slows things down a bit? IDK.
I'm guessing that the process was quick for you because you're electing to keep the car. If you choose the fix, they don't reimburse you until the fix is approved and you have it done. I'm also guessing that since you're keeping the car, forgiving the loan isn't a concern for VWoA. For those of us with outstanding loans who intend to return our cars, it seems that there are additional steps. I'm patient... as long as nothing else breaks. I'll feel better when I start hearing about people with loans making their appointments.My whole certification process took about a month and I have a loan. I'm opting for the fix. I've known every inch of this excellent car since it had 6 miles and now 81,500 so I'll take my chances. The extra $$ will more than pay off my loan.
Be aware that the repairs on TDIs start around 85,000 to 90,000 miles. Our 2009 Sportwagon was essentially trouble free until then. In quick succession there was $1,500 for a faulty panoramic sunroof that still has not been fixed right and leaks. Then there was the intake manifold which failed and then a thousand plus dollars, then the electrics to the headlights started developing a glitch which we have not had fixed because the estimated bill was $600 plus. Not to tell you what to do, but I'd look at the buyback very carefully. We got into the diesel thinking that they were almost bulletproof; what we have found is that they are not any more reliable than a gasoline engine or apparently long lived. A few people get good ones that do have durability equivalent to a diesel truck or semi, but many are used up even with proper maintenance by 120,0 00 to 250,000 miles. We have owned five Japanese cars, Toyotas and Hondas, and major repairs seem to start at between 120000 and 160000 miles with proper maintenance. Given the delays in this buyback, the lack of communications, and the obvious quality control issues that many VW owners are reporting I think I am headed to a Mazda next. An economy car with Mercedes Benz or Porsche level repair bills is not what I bargained for.
Sounds like the ending procedure is pretty buttoned down. One question; did you have a loan on your car, and if you did, was it with Volkswagen Credit or a third party?We're officially former TDi owners. The dealership took possession yesterday afternoon. We were about 20 minutes early for our appointment, but they took us anyway. As someone stated before, they verifed milage and took some photos. We signed two papers, and got an email receipt for the exact amount that was quoted months ago. As we were wrapping things up, another person was pulling in for his appointment, an hour early! I heard one of the salesmen say that the guy called and said he hadn't driven it for 3 months and the battery was dead. He took one from something else to get it running.
We were the 2nd appointment of the day, and couldn't be more pleased with how it ended. One glitch was that for some reason they weren't able to print a copy of the receipt, and they were looking into getting that corrected.
It's been good knowing you all. Good luck with whichever method you chose.
I have some goods to sell, winter tires and wheels, Vagcom cable, etc. Hit me up if you're interested (via private message please)
No sir, we didn't have a loan. And we had opted for the electronic transfer, which may explain the email receipt.Sounds like the ending procedure is pretty buttoned down. One question; did you have a loan on your car, and if you did, was it with Volkswagen Credit or a third party?
I would assume so. Everything up until the actual moment of buyback is approximate, right? It is the ACTUAL mileage at turn-in that is important.What happens if my mileage is lower than the amount IMO put in he initial estimate?
I believe I will end up in a lower mileage bracket. Will they adjust this for me at the time of return??
ByronI contacted the Cabrasser law firm today as neither VW, or the FTC are releasing information on what is going on with claim resolution. One of their attorneys sent me a copy of FIRST REPORT OF INDEPENDENT CLAIMS SUPERVISOR ON VOLKSWAGEN’S PROGRESS AND COMPLIANCE RELATED TO RESOLUTION AGREEMENTS ENTERED OCTOBER 25, 2016. This details as of late November the status of their attempted resolution. The report is about 50 pages in length. If anyone has an interest I would be glad to upload it if there is a way to upload it on this forum?
There is no free ride here. While the buyback amount is a fixed value they will deduct miles driven. The more miles you put on it by 2018, the less you will get in buyback money. Figure out about how many miles you expect to put on it by 2018 and run that number thru the buyback calculator to see what the estimated payout will be. You are correct in that the buyback amount is locked in but again, the buyback program deducts for miles driven which will reduce the amount paid to you if you turn in the vehicle.I plan to let VW buyback the wife's sportwagen near the end of the program in 2018. I don't see any reason not since the buyback amount appears to be the same whether I do it now or wait the two years. It's like driving a car for free (no devaluation).
Am I missing something here?
Ah I see. I thought they had a built in number of miles per year that you could drive the car and as long as you didn't exceed that amount the buyback stayed the same. Sounded too good. Thanks 251 an c-wagenThere is no free ride here. While the buyback amount is a fixed value they will deduct miles driven. The more miles you put on it by 2018, the less you will get in buyback money. Figure out about how many miles you expect to put on it by 2018 and run that number thru the buyback calculator to see what the estimated payout will be. You are correct in that the buyback amount is locked in but again, the buyback program deducts for miles driven which will reduce the amount paid to you if you turn in the vehicle.
Bottom line here - want the maximum buyback amount? Turn it in ASAP or park it until 2018 then turn it in. Any miles you put on it between now and turn in day will reduce the buyback amount you receive.
There is a built in number of miles per month that you can drive that will not change the amount of the buyback, 1042 miles/month.Ah I see. I thought they had a built in number of miles per year that you could drive the car and as long as you didn't exceed that amount the buyback stayed the same. Sounded too good. Thanks 251 an c-wagen