Volkswagen's Clean Air Act violations on 2009+ TDIs spark huge recall, investigations

[JohnNS]

Of course this buyback announcement happens so soon after this:

I can't be too mad, I'm pretty sure the Jetta saved my life.

Holy sheep dip.. everyone was okay? Man.. doesn't matter what money they offer, walking away from that trumps all..

Maybe you can get it towed to the lot and assessed though?

 

[ChemMan]

There is no fix for the 2.0L vehicles. VW is buying back the affected vehicles for FMV (fair market value) however that will be figured out PLUS $5K extra (in exchange for signing away any right to future damages, class action, etc).

http://www.reuters.com/article/us-volkswagen-emissions-usa-idUSKCN0XH2CX

The 3.0L are not part of this (yet). I think VW is holding out hope that they can be fixed.

 

[Jeta Life]

OMG man, what in the world happened !

My 2001 B5 Passat saved my life too, these VWs sure are tough little cars !

PKHoury sorry to hear about your accident, health is more important, glad you're ok ! will PM you, take care.

 

[TCBinaflash]

Of course this buyback announcement happens so soon after this:


I can't be too mad, I'm pretty sure the Jetta saved my life.

Oh man, glad your ok. You should buy it back from your insurance and deliver to VW for your buyback.

 

[Redgrom]

That's a complex concept the average poster on Theadzilla can't seem to grasp.

I think the average person might feel the same way... Just keep driving and be happy with a product that doesn't deliver as advertised.... I'm not saying they own me all my money back but I do feel we need to be compensated. Also with the threat of the fuel pump failure I'd like to see a replacement option vs just a warranty.

 

[jhawklver]

Holy sheep dip.. everyone was okay? Man.. doesn't matter what money they offer, walking away from that trumps all..

Maybe you can get it towed to the lot and assessed though?

What's hilarious here is if he didn't submit insurance claim for it and any buyback doesn't have a condition clause... could he get 2015 value legally?


edit to add: Glad you are OK. Scary stuff there.

 

[Redgrom]

I completely disagree. You think Takata airbags only affect VW.... try again. I am a VW owner, and a happy one at that, and a single father of an 8 year-old, I have full custody.

People are just looking for a hand out from all of this. It clearly shows the workings of this country and how everyone needs to have their panties in a bunch about something and get something out of someone for nothing.

Diesel-gate is a joke. Emissions standards are a joke and not based on any empirical science, I work in this field. I applaud VW for taking a chance and saying "to hell with the EPA and CARB" and selling me this bad ass family car. Good Luck EPA getting me to change this car to meet your un-thought-out regulations. My car is staying perfect just the way it is. Still a happy customer at 90,xxx non-maintenance miles and thanks for the free money in the Goodwill Package, you shouldn't have.

Right. You work in that field and you believe this? Either you're lying or bad at your job. Clearly you haven't seen the improvement in the atmosphere in the Los Angeles basin over the past 30/40 years. That's a direct result of tighter emissions standards.

I agree with you 100%!!! I work in the oil industry and TRUST ME.... We take the EPA regs very seriously, if we didn't we would all be getting out gas shipped in from India or elsewhere... And I'm sure the price at the pump would go way down... (Sarcasm implied)

 

[volks27]

x2 ...

Be nice to know definitively if all this speculation includes Canadian TDI owners. We'll see what VW Canada has to say tomorrow possibly. I'll be even more nervous if there's silence.

 

[gmcjetpilot]

I don't believe $5000 until it is in the bank, but yes I'd take it.

What credence does this article have? Is this source like the "Enquirer" at the grocery store checkout.

If they paid that out to all 500,000 cars in USA that is 2.5 BILLION...

If they paid that out to all 11 million cars that is 55 billion !!!! That does not make sense.

Even if it was 10% that is 5.5 billion.... WOW...

 

[gmcjetpilot]

Again...respectfully...not all car consumers desire to drive a car forever. I had intended to keep this car for 3 years. It may not be the most financially beneficial decision....but it is my choice as to whether I would prefer to drive a late model car. I kept my last car for 12 years....and decided that I do not wish to do this again with my JSW. I am not alone. It is not helpful to tell folks to simply drive more and worry less. I understand your buy and hold mantra and respect it....but not everyone wishes to do the same.

One word LEASE... For people that want a new car every 2, 3 years lease.
Cars are a terrible terrible terrible investment. The best way around it is
buy a used high quality well maintained 3-5 year old used car and drive it.
Cars take the biggest depreciation in the first 5 years. If that is not for
you, then pay the price and buy and sell or lease every couple of years..

 

[jhawklver]

I don't believe $5000 until it is in the bank, but yes I'd take it.

What credence does this article have? Is this source like the "Enquirer" at the grocery store checkout.

It is multiple outlets, but in this day and you have to be careful to assume it isn't all outlets taking the original story and running with it.

That said, IMO I was waiting for news to start breaking just before the settlement was announced (that's the way of the world). To me, the timing and "just enough" news of today, combined with the agenda tells me there is fire with this smoke.

 

[AmandaSch]

I'm surprised that there isn't any mention of having incentives on buying a new VW when having car bought back

 

[mc4nam]

How's this for a variant of an owner's situation/sentiment:

I have a high-mileage paid-off Jetta I've used as a taxi for 5 years. The rules state I can use it in service for up to 5 more years contingent upon condition. The car has been great and currently looks/runs/drives great.

I tend to get foolishly attached to my cars generally, and this car's effect on me puts it way up in the upper rungs of all my cars. 1/4 of my driving CAREER has been done in this one single car!

I certainly acheived my primary goal of making this purchase pay off for my purposes, and beyond. Barring a few massive repair bills, this particular unit is gravy now that I'm in the second half of the game. Any changes to my formula compromise profit.

So I don't want to give up this car, and I certainly don't want a dealer tinkering with it. I'm in the $3000 FMV +$5000 =$8000 boat, so that ain't gonna cut it for a paymentless car I possibly stand to collect a couple hundred grand with.

So in my case, even MSRP isn't enough. It would take more like $40k for me to consider the hassle of disrupting my cozy little world by finding a substitute for my beloved little Jetta. Of course I wouldn't expect such a payoff, it's unreasonable to anyone but me.

I don't have any real resentment or displeasure about my TDI purchase, I'm quite the happy camper. But only a fool would turn down free money/refunds on a business equipment purchase, right?

I guess in this case I'll have to see how the/if a fix is required.....

Maybe I am misunderstanding you but why would you not purchase the $8000 version of your car via a 3rd party? Same year with less miles? 2 years newer with same miles?

 

[FordGuy100]

They can fix my JSW and give me $5k.

I'll take some of that and "fix" it again, afterwards.

 

[frugality]

I'm surprised that there isn't any mention of having incentives on buying a new VW when having car bought back

Exactly. From a business standpoint, it would be STUPID of VW to just pay people some money and give them the easy option of buying a Subaru instead. I, too, have expected VW to offer a buy-back PLUS an incentive to put that towards a new VW. Why would they not want to retain their customers?

Another reason to be suspicious of this first information (or, more accurately, rumors) to come out.

There is very little good journalism today. Take whatever information you get, and get it out there because if you don't get it out in 20 minutes, it will be old news that some other news source would have scooped you on. There's very little vetting of the information. Journalism is essentially retweeting these days.

 

[Busydiver]

Just to clarify...the 500k tdi's they refer to are these engines without the urea system? Or all Tdi's ? Thanks

 

[frugality]

Just to clarify...the 500k tdi's they refer to are these engines without the urea system? Or all Tdi's ? Thanks

The violations go back to 2009. Look up when the urea systems were introduced, and you'll have your answer.

 

[ChemMan]

I don't believe $5000 until it is in the bank, but yes I'd take it.

What credence does this article have? Is this source like the "Enquirer" at the grocery store checkout.

If they paid that out to all 500,000 cars in USA that is 2.5 BILLION...

If they paid that out to all 11 million cars that is 55 billion !!!! That does not make sense.

Even if it was 10% that is 5.5 billion.... WOW...

Emission standards are lower in Europe. VW Europe has previously announced they will be fixing the affected EU cars. All the talk on the $5K settlement points to it being a US only thing so 500K vehicles. Yeah $2.5B is a lot but VW wasn't escaping this without paying a lot.

 

[dgoodhue]

Everyone in this post keeps saying $5k plus sept 2015 fmv. If you re-read the news articles they don't specifically say $5k for a buyback, the $5k is only specifically mentioned with a fix if accepted by the EPA. It says fmv plus an additional amount. It might be tbd or more complicated formula or perhaps the news media made a mistake.

 

[Dozenspeed]

Maybe I am misunderstanding you but why would you not purchase the $8000 version of your car via a 3rd party? Same year with less miles? 2 years newer with same miles?

Could I find one? How long might that take? What problems might I be buying? (My car has been proven a "goodie")

Add to that the costs, downtime and other lost monies getting a different car, painted, equipped, licensed, commissioned, taxed, etc...

I DID admit to being a sentimental fool, also.

Plus it would be like working on a 3000 piece jigsaw puzzle until it's halfway done, throwing it away and starting a new one....

 

[coolbreeze]

I think they will go off of a straight percentage of MSRP for the buyback number. Otherwise, who will be appraising the value of each and every car based on September 15 values..and 6 months less of mileage.

CarMax

 

[Dozenspeed]

There is very little good journalism today. Take whatever information you get, and get it out there because if you don't get it out in 20 minutes, it will be old news that some other news source would have scooped you on. There's very little vetting of the information. Journalism is essentially retweeting these days.

Yeah, that seems about right.....

 

[bluedoggiant]

Exactly. From a business standpoint, it would be STUPID of VW to just pay people some money and give them the easy option of buying a Subaru instead. I, too, have expected VW to offer a buy-back PLUS an incentive to put that towards a new VW. Why would they not want to retain their customers?
Another reason to be suspicious of this first information (or, more accurately, rumors) to come out.
There is very little good journalism today. Take whatever information you get, and get it out there because if you don't get it out in 20 minutes, it will be old news that some other news source would have scooped you on. There's very little vetting of the information. Journalism is essentially retweeting these days.

I am with you on the VW incentive and a plausible reason why theres no news on this is because this matter is not integral to its dealings with the court. I am sure, separately in the future, we will hear about VW incentives.

 

[tvmaster]

Tax eh? Hmmmm. So assuming the average tax bracket was 25%.
5000 / 4 = $1250.
$1250 x 500,000 = $625,000,000
Not a bad payday for the govt.
This is starting to sound a little.......collusionary....

 

[rotarykid]

How about just keep driving it and not be concerned about it?

++++++++++++++1

 

[kitarkus]

I'm surprised that there isn't any mention of having incentives on buying a new VW when having car bought back

VW will have plenty of opportunity to entice you during the next months. Be patient...there will be deals.

 

[ottomatic]

I plan on selling my 2012 Golf back and if the incentives to buy another VW are good, I'll get a 2016 GTI.
.

X2 . I have not owned a gas vehicle (discounting XR650R which is plated & titled ) since 1986. time for a change, GTI with Autobahn Pk. +manual..

 

[Blackbug1]

Everyone in this post keeps saying $5k plus sept 2015 fmv. If you re-read the news articles they don't specifically say $5k for a buyback, the $5k is only specifically mentioned with a fix if accepted by the EPA. It says fmv plus an additional amount. It might be tbd or more complicated formula or perhaps the news media made a mistake.

No the $5K is not specifically mentioned with a fix if accepted by the EPA only. It is mentioned as a payout to all affected owners.

a Reuters Report cites German newspaper Die Welt,sayingVW has agreed with U.S. authorities to pay each affected owner $5,000.

 

[newyorktdi]

The 5K will be applied to whatever they give you for the buy back. Tomorrow is the day that the judge wants to know what VW's plans are and this is a class action settlement. What I'm more curious about is what happens if you say forget the buy back, forget the 5K, I'm keeping the TDI. How will that be enforced?

 

[Jimmy Coconuts]

$5000 is more than any of us deserve for the "loss" we've "suffered"!

You are more than welcome to donate your $5K to charity since you feel so strongly.

One more for the ignore list