- Dec 3, 2012
- '78 Golf Diesel (long gone); 2012 Jetta Sportwagen TDI w/ DSG
Is that really a given? I am still hoping there might be a way around it, but it seems that indeed one is selling back to one entity (VWoA), and buying a new (or used) car including full sales tax from another entity (VW dealer). That would really suck, to the tune of $2000-$3000.I have to admit that getting the trade value for the car instead of the retail value is a disappointment. That's also compounded by the fact that you can't actually trade the car. You essential sell the car back and then have to pay tax on the full purchase price for the new car. As a result, you lose a bit on each part of the transaction. That does bother me. ...
That's also what I am hoping. But the additional financial risk before the buyback (or fix) happens is a real risk, and averaged over enough owners amounts to a real financial loss for us, and gain for VW, that goes beyond the normal operating risk of a car, and should be covered by VW..... Hopefully I'll be lucky. My car was pretty good so far. I also still like it very much. It's fun to drive and gets good mpg.
Similarly, if you opt out and decide to just keep driving the car. As I wrote in another thread, it's all good and well if nothing bad happens, but you don't get any compensation. [ The following copied from another post of mine:] If you then later (after June 2018) get in an accident and have your car declared totaled at a much reduced value, or due to unforeseen circumstances you are forced to sell it earlier than anticipated, you are going to realize a pretty large loss due to the fraud committed by VW on you, without any recourse at that point.
Doing nothing puts the full risk of having to actually realize your car's reduced value -reduced due to VW's actions- on you. If nothing bad happens, you are ok. But given the large number of cars involved a significant number of owners will end up losing money when their car is totaled, or they are otherwise forced to sell earlier than they planned, a damage that VW caused and should have compensated them for. So, no, doing nothing is not a good option, given the devaluation due to Dieselgate and the non-zero risk that you will have to realize that loss.
That's why I think the settlement as proposed and preliminary approved is deficient.