What's gonna go down on Tuesday?

[MVJetta]

So will everyone now give up maintaining their cars? I mean what's the point if you're planning on taking the buyback.

Well I just hit 10k miles. I have a few oil filters left. I also have full DSG change kit. I may just sell those locally or even on here for a discounted price.

 

[bizzle]

I didn't say that I would fight the offer, just that I was made aware of this through my attorney yesterday. I am leaning towards taking the offer, after consulting with him...Mark

poor choice of words on my part.

Even if you can fight them on the mileage portion I don't think your actual mileage puts you in a better position than this offer. But I only have a vague memory of your low mileage beetle so I could be off in what I rounded out in my head.

 

[2015vwgolfdiesel]

I think it's only based on mileage. At least that's all I can find.

Mileage and condition

me thinks

 

[ibsam2005]

-$800 for manual transmission is stupid seeing as how those are the more valuable cars. According to this, with that deduction and mileage, I am only at about $17897. I know, I paid about $17500 for it a year ago. Kinda pissed because I paid taxes and interest on this since and will have to pay taxes on a new car. I am just really pissed about the 6MT deduction. Just ridiculous since I paid a premium to get a JSW with the manual vs DSG.

 

[maybe368]

I expect to get the high end of the range, plus 1400 for mileage, this is close to 30k, I'll take that, pay off the note and walk away feeling whole again, that is all that I ever wanted...Mark

 

[Mrs. Peel]

What is the modification number in the second column? Do I subtract that or add that to the first column?

 

[mac5155]

Im curious about this part about the loans:

Buyback option: Volkswagen must offer to buy back any affected 2.0 liter vehicle at their retail value as of September 2015 -- just prior to the public disclosure of the emissions issue. Consumers who choose the buyback option will receive between $12,500 and $44,000, depending on their car’s model, year, mileage, and trim of the car, as well as the region of the country where it was purchased. In addition, because a straight buyback will not fully compensate consumers who owe more than their car is worth due to rapid depreciation, the FTC order provides these consumers with an option to have their loans forgiven by Volkswagen. Consumers who have third party loans have the option of having Volkswagen pay off those loans, up to 130 percent of the amount a consumer would be entitled to under the buyback (e.g., if the consumer is entitled to a $20,000 buyback, VW would pay off his/her loans up to a cap of $26,000).

Does the additional 30% apply to all consumers with loans or just those whose buyback is less than their loan balance?

 

[mac5155]

What is the modification number in the second column? Do I subtract that or add that to the first column?

That's separate. They really made it confusing by having a modification column and a modification table. The modification (second) column should be titled "EPA Approved Fix" column, IMO.

 

[aliasbane]

So will everyone now give up maintaining their cars? I mean what's the point if you're planning on taking the buyback.

Thats my boat, I have about 36803 miles on my 2013 Passat, so by the time everything gets figured out I should be at my 40k maintenance, heck with that..

 

[KipF]

I was hoping they'd tell us something about the progress, or lack of, on the 3.0 TDIs. So far it's just crickets.

 

[bizzle]

Im curious about this part about the loans:



Does the additional 30% apply to all consumers with loans or just those whose buyback is less than their loan balance?

That 30% increase is for people who are underwater on their loans so they can walk away as whole as possible.

 

[MVJetta]

Thats my boat, I have about 36803 miles on my 2013 Passat, so by the time everything gets figured out I should be at my 40k maintenance, heck with that..

If you are going to do the buyback, I wouldn't waste more money on it.

 

[aliasbane]

Im curious about this part about the loans:



Does the additional 30% apply to all consumers with loans or just those whose buyback is less than their loan balance?

I also want to know about loans from VW Credit. The buy back price + cash is nice, but it would be no cigar due to having the loan on my car still, but if their is loan forgiveness in return of that, I need to sign up yesterday for this crap.

I just want things sorted, I love my Passat and dread having to find another car that is so good on fuel and that I fit in.

 

[flyanddive]

My 2010 jetta with 20K miles will have a $20,707 buyback or a $5942 payout, hrmmmm, what to do?

 

[Mrs. Peel]

That's separate. They really made it confusing by having a modification column and a modification table. The modification (second) column should be titled "EPA Approved Fix" column, IMO.

Oh! Thanks. That is so confusing.

 

[autdi]

I was hoping they'd tell us something about the progress, or lack of, on the 3.0 TDIs. So far it's just crickets.

June 30 progress update should cover it somehow.

 

[autdi]

My 2010 jetta with 20K miles will have a $20,707 buyback or a $5942 payout, hrmmmm, what to do?

Depends on if there is a fix or not, there may only be 1 option unless you opt out. But you can kick the can down the road to May 2018.

 

[ibsam2005]

I think, if condition is not a factor because VW plans to crush them anyways... We should help out. TDIfest pt. deux where we all meet in line North Carolina, nice central local. It could be organized by VW themselves, just hear me out.

You register for the event at table 1.
At table 2, VW writes the check, you sign waivers etc.
At table 3, you pick up your crash helmet and you enter into a demolition derby.

Think about it! All of us together would be much quicker for VW to purchase cars back. If we wreck them good enough they don't need a car hauler just a railway box car to put them in, saving more money. Think of the fun for the kids to watch! VW could even charge admission. I am basically a genius in case you didn't know.

 

[icecoaster]

Mileage and condition

me thinks

Think about it. 500,000 cars. It will take an army to evaluate them for condition.

Let's say it takes 1 hour to determine the condition. Let's say you hire an army of apprentice mechanics at $60 an hour.

That's another $30,000,000 of labour.

No way that will happen.

 

[phrinda]

-$800 for manual transmission is stupid seeing as how those are the more valuable cars. According to this, with that deduction and mileage, I am only at about $17897. I know, I paid about $17500 for it a year ago. Kinda pissed because I paid taxes and interest on this since and will have to pay taxes on a new car. I am just really pissed about the 6MT deduction. Just ridiculous since I paid a premium to get a JSW with the manual vs DSG.

What is interesting is that in regard to the Golf, having the 6MT does not reduce the value. Having the auto increases the value. I don't know why they treat the Golf differently

 

[pkhoury]

Are you sure you're calculating it correctly?

If you don't drive then you get afforded 1K miles you don't use, thereby bringing your adjusted mileage amount down over time.

If you drive more than 1K miles per month, your adjusted mileage goes up faster than you are afforded and your buyback adjustment is hit harder.

Yeah, you're probably right on this, I didn't think that out well. Either way, for me personally, it would be a crap settlement offer, because I drive an average of 2500-3000 miles a month.

 

[Flogger]

So my 2015 has a buyback range between $21,410 to $24,696. That's basically a refund of purchase price, and I get to drive it for 2 years for free. Nice!

Not really for free. Based on Actual miles at trade in. Value may be less than stated because of miles. Check NADA and enter the miles you plan on driving and compare. With my car it is a $3000 hit for the extra miles.

 

[maybe368]

poor choice of words on my part.
Even if you can fight them on the mileage portion I don't think your actual mileage puts you in a better position than this offer. But I only have a vague memory of your low mileage beetle so I could be off in what I rounded out in my head.

No worries, I can prove the actual mileage in August of 2015. My mileage right now is 11500 more or less. I assume that the deduction or addition for mileage is at the time, am I wrong? Or is it at the time of the buy back?, which doesn't really seem fair for people that need to drive the car in the mean time...Mark

 

[KipF]

June 30 progress update should cover it somehow.

Thanks. Mine has been in 5 times in the past year for a CEL related to emissions. Each time I get a different excuse as to what's wrong.

 

[icecoaster]

I think, if condition is not a factor because VW plans to crush them anyways... We should help out. TDIfest pt. deux where we all meet in line North Carolina, nice central local. It could be organized by VW themselves, just hear me out.

You register for the event at table 1.
At table 2, VW writes the check, you sign waivers etc.
At table 3, you pick up your crash helmet and you enter into a demolition derby.

Think about it! All of us together would be much quicker for VW to purchase cars back. If we wreck them good enough they don't need a car hauler just a railway box car to put them in, saving more money. Think of the fun for the kids to watch! VW could even charge admission. I am basically a genius in case you didn't know.

Hell ya. All our cars will be limping into the lot and we'll be sitting in a lawn chair with an completely stripped interior.

 

[pkhoury]

What is the modification number in the second column? Do I subtract that or add that to the first column?

That's if you opt for the emissions modification, whatever the hell that is, as opposed to the buyback. Your guess is as good as mine as to what mods VW and the gov't agree on.

 

[Tweak3D]

Yeah, you're probably right on this, I didn't think that out well. Either way, for me personally, it would be a crap settlement offer, because I drive an average of 2500-3000 miles a month.

the 2009's and 2010s are getting the short end of the stick for sure. Just jumping to a 2011 means a nearly instant $4k price difference. Not quite sure why, I believe they have the same options, body style, and engine as the 2010. Frustrating as it seems most of the model years have a ~1k difference but that's 2010-2011 jump is quite large. I'll be providing my feedback via public comment for sure.

 

[JCrouton]

Weird I entered my Vin number on that site and it said my car is not eligible for the buy back. Maybe because it's registered in Canada?
Does anyone have a ball park figure for a 2012 fully loaded with tech pack 2012 passat with about 150.000 kilometers? Please and thx

This is for the US only. We are going to have to wait a bit longer to find out what happens for us Canadians.

 

[Cptcrnch]

Just some thoughts going through my mind.

I have no desire to have VW buy the car back. I also don't know how it would work with getting the approved fix done on my 14 Golf since my DPF and EGR system somehow mysteriously fell off my car.

On one of the govt websites (everything is pretty scattered right now) I read that we can accept the fix and cash but if no fix is available by June 2018 we can decide to sell the car back.

Does this mean no restitution money until a fix is available?

Does that wording mean if no fix is ever approved we will be forced to sell the car back?

What happens if I accept the fix and money now but never see a dealer again - will my registration be blocked after a fix is approved? If I opt out all together will my registration still be blocked ( I live in MD where diesels are emissions testing exempt).

Can I have the dealer flash my ecu and give me the parts so I can "install" them myself?


Today was certainly a step in the right direction. I'll definitely be waiting for further details on how the approved fix + restitution will be administered before making any decisions. Until then I'm going to continue driving more and worrying less! Oh and probably throw a CP3 fuel pump, CR170 turbo, and S3 intercooler at the car while I'm at it as well.

 

[GigaFire]

I have low enough mileage after converting from km to qualify for extra money, even after manual deduction is factored in!