Grudes Posted June 28, 2016 Report Share Posted June 28, 2016 Looks like VW will either have to buy back or fix the emissions problem cars http://money.cnn.com/2016/06/28/news/companies/volkswagen-fine/ Quote Link to comment Share on other sites More sharing options...
BIGGU Posted June 28, 2016 Report Share Posted June 28, 2016 if my math's is correct ill be getting back 14,357 if I sell my car back to them. not bad considering I bought it in march of last year for 12,500 Quote Link to comment Share on other sites More sharing options...
Turbs3000 Posted June 28, 2016 Report Share Posted June 28, 2016 I'll be curious as to how this all really ends up and when people can collect as my sister has one. As I've been telling here "I hear Volkswagen is going to be remodeling your kitchen." Quote Link to comment Share on other sites More sharing options...
Mitch Posted June 28, 2016 Report Share Posted June 28, 2016 My GF has a passat TDI that is under this. It's value is probably significantly less than what she owes on it due to an accident that was repaired and normal depreciation. I'll be interested to see how they treat her. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted June 28, 2016 Report Share Posted June 28, 2016 How do you calculate what you'd get back? Pretty crazy. Quote Link to comment Share on other sites More sharing options...
RS69 Posted June 28, 2016 Report Share Posted June 28, 2016 Is am looking forward for $5100 back from Volkswagan and continue to enjoy our 14 Passat. Quote Link to comment Share on other sites More sharing options...
LS_Sonoma Posted June 28, 2016 Report Share Posted June 28, 2016 With our 2012 Jetta TDI SE Premium, I'm ready to see how this all shakes out. Hopefully better than the drivability issues, a/c problems and constant battery drain I've had since new. Quote Link to comment Share on other sites More sharing options...
Grudes Posted June 29, 2016 Author Report Share Posted June 29, 2016 I wonder what it will do to VW as an organization. 14.7 billion is a pretty big hit. Quote Link to comment Share on other sites More sharing options...
SpaceGhost Posted June 29, 2016 Report Share Posted June 29, 2016 Price of Bugattis just went up. :lolguy: Quote Link to comment Share on other sites More sharing options...
Got-Boost? Posted June 29, 2016 Report Share Posted June 29, 2016 Depends how it all plays out with the numbers. Was planning to just keep ours and take the cash but if the buyout is high enough, I may just let them have it and get something else. We'll see... Quote Link to comment Share on other sites More sharing options...
TurboNova Posted June 29, 2016 Report Share Posted June 29, 2016 I'm going to get 11,800 for my 09 so I'm Pretty happy Quote Link to comment Share on other sites More sharing options...
BIGGU Posted June 29, 2016 Report Share Posted June 29, 2016 actually I looked into it more, Supposedly you will get the value back plus a cash payment on top too. they didn't say how much. The "Mileage Adjustment Table" works in conjunction with the "Buyback and Approved Emissions Modification Restitution" and the "NADA Region List". In order to find what VW would be looking to offer you (for owners, not lessees), you need to do a few steps: #1: Determine your NADA Region using Attachment 1B #2: Determine the base value of your vehicle using Attachment 1A #3: Determine the amount of additional or diminished value based on mileage using Attachment 2A, 2B, or 2C based on your model #4: Subtract the mileage adjustment from your NADA vehicle value. NOTE: each of these forms has a "Buyout" option and a "Modification" option. These two values are based on you making one of two choices: #1: Let VW buyout your car (you sell it back to VW) #2: Keep the car with the intent to see if a modification comes out for your car prior to May 2018 These documents seem pretty thorough to me, but the thing that I am not seeing any clarity on is if we opt to go the "modification" route and then nothing materializes by May 2018...what then? Do we then get the buyout price of today minus what was already received? I would assume so, but I've seen nothing in writing stating that specifically. Quote Link to comment Share on other sites More sharing options...
cruizin01 Posted June 29, 2016 Report Share Posted June 29, 2016 I wonder what will happen to the bought back cars? Quote Link to comment Share on other sites More sharing options...
EssFo Posted June 29, 2016 Report Share Posted June 29, 2016 Guy here at work has a 2010 and is getting close to $16K for his. Quote Link to comment Share on other sites More sharing options...
Coaster Posted June 29, 2016 Report Share Posted June 29, 2016 I wonder what will happen to the bought back cars? I would guess they'll just use the Cash-4-Clunkers goo on them. Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted June 29, 2016 Report Share Posted June 29, 2016 I would guess they'll just use the Cash-4-Clunkers goo on them. Why wouldn't they just fix them and tell them again? Quote Link to comment Share on other sites More sharing options...
Grudes Posted June 29, 2016 Author Report Share Posted June 29, 2016 Why wouldn't they just fix them and tell them again? Some of them cannot be fixed without replacing and updating the powertrain. No matter what they do they wont pass emissions the way they are currently. Quote Link to comment Share on other sites More sharing options...
RS69 Posted June 29, 2016 Report Share Posted June 29, 2016 Wow, $27k buyback or $7297 to keep. I am still leaning to keep since there is no other in this class I would buy. I can't justify upgrading to BMW or Mercedes due to college tuition upcoming for the kids. Quote Link to comment Share on other sites More sharing options...
Turbs3000 Posted June 29, 2016 Report Share Posted June 29, 2016 (edited) someone was telling me you get the cash settlement AND can get the buyback at 2015 rates anyone know if their is any truth to that? I would think it's one or the other; cash and keep it or buyback at 2015 rates. EDIT: yup I guess it's true you either get the cash and keep the car OR you get the cash and the 2015 NADA value. Which is staggering, you basically have to sell it back. If you don't sell it back you lose out on all the deprecation between 9/2015 and now. Edited June 29, 2016 by Turbs3000 Quote Link to comment Share on other sites More sharing options...
Got-Boost? Posted June 29, 2016 Report Share Posted June 29, 2016 That isn't true! Here is a link with all the details... https://www.ftc.gov/enforcement/cases-proceedings/162-3006/volkswagen-group-america-inc From what I've research you either get: 1) Give them the car back and get a full refund - mileage, options, etc. --> https://www.ftc.gov/sites/default/files/pdf/att._1a_-_buyback_modification_table.pdf If it's a lease then you go --> https://www.ftc.gov/system/files/documents/cases/att._3a_-_lessee_restitution_table.pdf https://www.ftc.gov/system/files/documents/cases/att._3c_-_lessee_restitution_redacted.pdf 2) Keep the car and let them fix it and get x amount back --> https://www.ftc.gov/system/files/documents/cases/att._4_-_notice.pdf Seems I'll get $28k back so next question is what to buy next?? Quote Link to comment Share on other sites More sharing options...
Turbs3000 Posted June 29, 2016 Report Share Posted June 29, 2016 That isn't true! Here is a link with all the details... https://www.ftc.gov/enforcement/cases-proceedings/162-3006/volkswagen-group-america-inc From what I've research you either get: 1) Give them the car back and get a full refund - mileage, options, etc. --> https://www.ftc.gov/sites/default/files/pdf/att._1a_-_buyback_modification_table.pdf If it's a lease then you go --> https://www.ftc.gov/system/files/documents/cases/att._3a_-_lessee_restitution_table.pdf https://www.ftc.gov/system/files/documents/cases/att._3c_-_lessee_restitution_redacted.pdf 2) Keep the car and let them fix it and get x amount back --> https://www.ftc.gov/system/files/documents/cases/att._4_-_notice.pdf Seems I'll get $28k back so next question is what to buy next?? on the refund table column 2 is in column 1. column 1 is the 9-2015 value plus column 2. So for example if in 9/2015 your car was worth 15k and the cash payout now is $5100 then you'd get a buyback of $21,000 but if you take the cash option you get $5100 but your car is worth now $12k. so you lost out on $3000 by not turning it in. Quote Link to comment Share on other sites More sharing options...
Fiji ST Posted June 29, 2016 Report Share Posted June 29, 2016 I would guess they'll just use the Cash-4-Clunkers goo on them. Pretty much. Unless they can figure out a fix, to the scrapyard they go. http://jalopnik.com/heres-what-will-happen-to-the-thousands-of-diesels-volk-1782815084?rev=1467219621749&utm_campaign=socialflow_jalopnik_facebook&utm_source=jalopnik_facebook&utm_medium=socialflow Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted June 29, 2016 Report Share Posted June 29, 2016 That sucks, because if I understand it correctly, there really isn't any negative impact to the driver? You could keep the car and not fix anything, and still have no impact...right? I thought I had heard it was just an emissions thing similar to Hyundai lying about their MPG. Or maybe I missed something. Quote Link to comment Share on other sites More sharing options...
Fiji ST Posted June 29, 2016 Report Share Posted June 29, 2016 That sucks, because if I understand it correctly, there really isn't any negative impact to the driver? You could keep the car and not fix anything, and still have no impact...right? I thought I had heard it was just an emissions thing similar to Hyundai lying about their MPG. Or maybe I missed something. They're spewing out a lot more emissions than legally allowed, plus they all have software to cheat during emissions testing. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted June 29, 2016 Report Share Posted June 29, 2016 Maybe I'll sound like a jackass, but I guess I just don't care. There's enough other things that spew out more emissions than desired, and if I could get a check for 5k or whatever and still keep my perfectly functioning car, I'd do that. Quote Link to comment Share on other sites More sharing options...
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