Who got the payment from BOSCH?

[Conrad -JSW]

If that was the case, I should of gotten mine already, My buy back was 11/26

My buyback was around that same time too and still no check.

 

[k1xv]

Gee, if everybody posts daily that they did not receive a check that day, this thread is going to have a lot of posts by the time things eventually wrap up.

 

[Mark_J]

What does the VW byback date have to do with getting the Bosh check? Am I missing something?

 

[DanB36]

What does the VW byback date have to do with getting the Bosh check?

Nothing other than that some people are assuming that the two may be linked--that the Bosch checks might be going out in the order in which the cars were bought back.

 

[shortstuff_mt]

I turned my 2015 Passat in on an early lease termination in January and received my $200 check this week. My last name starts with T...

 

[NamesLucky]

I seems like leasee's are getting paid first?

 

[PacCoastFwy923]

Maybe we ought to cross reference the Buyback Spreadsheet?

From the language on the court website, "Class members in the VW Settlements whose claims in those settlements are approved or will be approved in the future..." causes me to expect they'll issue checks in the order VW approved the claim, vs. submission date, buyback date, or original purchase date.

 

[Conrad -JSW]

Gee, if everybody posts daily that they did not receive a check that day, this thread is going to have a lot of posts by the time things eventually wrap up.

I would suggest that you avoid this thread if that's a concern to you.

 

[TDIforDays]

Does anyone know if you got ETF, does Bosch send you ETF as well or will it be a check?

 

[MBQ]

Check is no good but that's how you're gonna get it.

It could easily get lost in the mail or people change their address.

 

[McCarthy]

Just sent an email to info@BoschVWSettlement.com

Will report back.

 

[shortstuff_mt]

Does anyone know if you got ETF, does Bosch send you ETF as well or will it be a check?

My VW payment for the early lease termination was by EFT. The Bosch payment came as a check in the mail.

 

[newbeetleman]

I would suggest that you avoid this thread if that's a concern to you.

No kidding, I don't understand some posters attitudes!

 

[Got Haggis?]

it does seem like every report of people getting checks have been people with leases

 

[feinborg]

leasee here. turned in car early january, bosch check looks like it was cut june 1st.

 

[JCG57]

The financially prudent action for Bosch would be to make the lowest level payments first, deferring the higher payments as long as possible. I am expecting four checks (three 2.0 liters VWs and one 3.0 liter Audi), primary owner on one and secondary owner on three, and have not received anything yet.

 

[k1xv]

The financially prudent action for Bosch would be to make the lowest level payments first, deferring the higher payments as long as possible. I am expecting four checks (three 2.0 liters VWs and one 3.0 liter Audi), primary owner on one and secondary owner on three, and have not received anything yet.

I am not sure why it would be "financially prudent" to pay the smallest claims first. Presumably, they know approximately what the total payments will have to be, and have reserved the money to make all the payments. Once the money has been reserved, delaying paying it out gains the corporation nothing, as far as I can see.

In fact, the longer the delays, the greater the likelihood that some recipients will have moved and/or otherwise cannot be reached for payment.

 

[chief poncho]

Once the money has been reserved, delaying paying it out gains the corporation nothing, as far as I can see.

Unless the payout money is borrowed money, paying out later allows the corporation to earn interest on the money as it sits. Granted, interest rates are very low, but 1.0% of $1.5 billion is still $15 million dollars, or about $1.25 million per month. With that much money sitting in an account, it might be generating a higher interest rate.


Looks like the $1.5 billion number included fines. Owners only get paid out about $300 million, so the interest generated goes down a quite a bit to about $250k a month.

 

[speedrye]

Since the money has been in an escrow account for awhile, I doubt Bosch is getting any interest. Most escrow accounts I've ever seen don't accrue interest, so they're probably just waiting on VW to get the paperwork in order.

 

[fan of fanboys]

Gee, if everybody posts daily that they did not receive a check that day, this thread is going to have a lot of posts by the time things eventually wrap up.

I have not received my check yet

 

[kjclow]

Since the money has been in an escrow account for awhile, I doubt Bosch is getting any interest. Most escrow accounts I've ever seen don't accrue interest, so they're probably just waiting on VW to get the paperwork in order.

I've had real estate escrow accounts that paid interest. It was kept in the account to offset the annual tax rate changes so my payment did not change as much. That was also when interest rates were in the 6-7% for savings and mortgage rates were in the 9-10% for most buyers.

 

[ecupip]

All money gains interest somewhere for someone, lol.

 

[740GLE]

Since the money has been in an escrow account for awhile, I doubt Bosch is getting any interest. Most escrow accounts I've ever seen don't accrue interest, so they're probably just waiting on VW to get the paperwork in order.

you're getting hosed if you don't get any interest in an escrow account, it may not be worth while but it should still have something.

 

[kjclow]

I'm guessing that I've had 8-10 mortgages and only one offered interest on the escrow account and all but one required it. That one discounted a half percent on the mortgage if you used their escrow account.

 

[JCG57]

Everything else about this settlement was negotiated, so why not interest on escrow accounts? Time value of money - pay out smaller claims first and stretch the process out as long as the settlement permits and pay via check where allowed instead of via ACH or EFT.

 

[badufay]

Received my Bosch payment today. Car was a 2015 Golf TDI owned/financed from VW, did the buyback in February. Check from Bosch today for $350. Hopefully I'll get the one for my 2015 Jetta TDI (same ownership/finance and dates) in the next few days. Didn't require anything else from me claim wise.

Ben

 

[bubbagumpshrimp]

Received my Bosch payment today. Car was a 2015 Golf TDI owned/financed from VW, did the buyback in February. Check from Bosch today for $350. Hopefully I'll get the one for my 2015 Jetta TDI (same ownership/finance and dates) in the next few days. Didn't require anything else from me claim wise.

Ben

Nice. I'm ready to get paid...again, lol.

 

[3fordasho]

This morning my USPS informed delivery is showing a letter from Bosch Settlement, not the post card that I've received several of - hoping it is the check. FWIW my buyback date was March 30th.

 

[ajz9415]

This morning my USPS informed delivery is showing a letter from Bosch Settlement, not the post card that I've received several of - hoping it is the check. FWIW my buyback date was March 30th.

So the envelope clearly says Bosch Settlement ? I have been opening everything even the junk mail so I don't throw it away

 

[3fordasho]

So the envelope clearly says Bosch Settlement ? I have been opening everything even the junk mail so I don't throw it away

It's a letter size security envelope with a clear window though which I can read my mailing address and return address "Bosch Settlement, PO box 4199, Portland OR 97206-4199"