VW TDI Settlement - buying a TDI now

breld

@28firefighter - congrats! That is a really sharp A3.

stever

Per this link from @ruking1 over in the other diesel discussion, it may be time to start scoping out Audis....

qbrozen

Unless that finally pushes them into bankruptcy

28firefighter

My Dad is jumping on the Q7 bandwagon. Mostly because he needs a new car and drives 40k miles a year, but also hoping that they fix it with some kind of settlement. 

stickguy

that sounds like an easy fix. take out the code that turns it off after 22 minutes!

stever

A new definition for over-clocking!

xwesx

So, I went through and set up the claim information on my Passat. As a result of that, here's some additional information:

1. It asks both of the questions regarding the branding of a title (e.g., was it branded on 9/18/15, and was it salvaged after that date?) If you answer yes on the second, it rejects the car. Otherwise, it is accepted unaffected. Now, this isn't the same thing as a buyback contract, etc., but it does encourage those with salvage titles.

2. The base buyback offer provided for those who purchased after 9/18 is the value + 50% restitution, and this does not change if you purchased after 6/28.

3. Once you key a VIN into the system, you can't delete it. So, be careful about that! It's a pretty clunky site.

corvette

28firefighter said:

My Dad is jumping on the Q7 bandwagon. Mostly because he needs a new car and drives 40k miles a year, but also hoping that they fix it with some kind of settlement. 

3.0L cheat mode - he may not be far off. The 3.0 liter models may end up in the crusher, too. The regulatory fines probably just got a lot bigger.

nyccarguy

Doesn't the Audi Q5 use the 6cyl diesel as well?

corvette

nyccarguy said:

Doesn't the Audi Q5 use the 6cyl diesel as well?

I believe so. I'm pretty sure all of the 3.0 liter options are too rich for my blood, though!

gagrice

nyccarguy said:

Doesn't the Audi Q5 use the 6cyl diesel as well?

Yes it does use the V6 TDI. Along with a few of their larger sedans. Audi builds that engine for all the companies.

Just three weeks ago the California Air Resources Board (CARB) rejected Volkswagen's latest technical solution for the 3.0-liter diesels, which the company still hopes to address with just a software patch. CARB did not indicate what VW had proposed or how its proposed technical solution was deficient. Neither side signaled that the issue was as serious as the one with the 2.0-liter engines and a buyback is not contemplated for these vehicles as of the first week of August.

However, the cumulative delays for the 3.0-liter diesels, which affect a greater variety of (more expensive) models are creating a feeling of unease for owners and dealers alike.

http://autoweek.com/article/vw-diesel-scandal/us-finds-unapproved-software-vw-30-liter-diesels-report-says

kyfdx

Registered the A3, today. First time I've bought from a dealer in Indiana. The sales tax thing worried me, but my only extra cost was $31 for title/registration fees in KY.

$15,000 price
$900 sales tax
$150 doc fee
$15 EVR fee (Indiana)
$31 title/registration (KY)
$112 diagnosis/repair

$16,208 total

$22,201 buyback at the low/half mod number.

Michaell

kyfdx said:

Registered the A3, today. First time I've bought from a dealer in Indiana. The sales tax thing worried me, but my only extra cost was $31 for title/registration fees in KY.

$15,000 price
$900 sales tax
$150 doc fee
$15 EVR fee (Indiana)
$31 title/registration (KY)
$112 diagnosis/repair

$16,208 total

$22,201 buyback at the low/half mod number.

Nice! A hair away from $6K profit.

What are you going to do with the money? Find another TDI?

henryn

TDI's are getting very hard to find, at least in my neck of the woods. I have given serious consideration to buying a 2nd one, but there don't seem to be any for sale right now. At least not with a minimum payback of $4,000.

Michaell

henryn said:

TDI's are getting very hard to find, at least in my neck of the woods. I have given serious consideration to buying a 2nd one, but there don't seem to be any for sale right now. At least not with a minimum payback of $4,000.

I suspect the word is out and there are lots of folks buying up the stock, in order to flip them.

stickguy

Still bummed I missed the party.

Michaell

stickguy said:

Still bummed I missed the party.

I feel your pain ...

nyccarguy

stickguy said:

Still bummed I missed the party.

+1

Michaell said:

stickguy said:

Still bummed I missed the party.

I feel your pain ...

+1

mjfloyd1

Am I correct that a VW buyback car (car bought back by VW for mechanical or other problem before the TDI buyback vs fix issue) is not listed as a branded title in this instance?

xwesx

mjfloyd1 said:

Am I correct that a VW buyback car (car bought back by VW for mechanical or other problem before the TDI buyback vs fix issue) is not listed as a branded title in this instance?

Manufacturer buybacks don't result in a branded title, no. That may vary by state, so check your own! So, if that car was "fixed" eventually and repurchased by another individual, then that person should be an eligible owner (with an eligible car).

mjfloyd1

Just looking at the TDI fix vs buyback site, it didn't list manufacturer buybacks as a branded title

28firefighter

I'm picking up the A3 on Saturday. Actually pretty excited!

breld

28firefighter said:

I'm picking up the A3 on Saturday. Actually pretty excited!

You should be - that will be tons of fun!

28firefighter

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

kyfdx

A new listing for a Jetta wagon popped up, about an hour from here.. with a stick. Listed last Thursday. Called today, when I saw it on Cars.com, and it had sold this morning.

xwesx

28firefighter said:

I'm picking up the A3 on Saturday. Actually pretty excited!

Congrats; I hope you enjoy it!

I'm picking up mine on Saturday, too; I'm very excited! The payment and paperwork was delivered today, so it should just be sign and drive.

corvette

28firefighter said:

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

Dang, is that with the 2.0 liter engine? That is an awesome lease rate. Would not have bought the Murano if I could've snagged a deal like that. 

28firefighter

corvette said:

28firefighter said:

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

Dang, is that with the 2.0 liter engine? That is an awesome lease rate. Would not have bought the Murano if I could've snagged a deal like that. 

Yup. Every option minus tow hitch. 

But if wife likes the A3, seems silly to keep the payment around. 

nyccarguy

28firefighter said:

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

I wish you weren't so far away. I'd probably be interested in taking that lease over. That's a lot of car for the $.

28firefighter

nyccarguy said:

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

I wish you weren't so far away. I'd probably be interested in taking that lease over. That's a lot of car for the $.

$1100 to ship it. Or a nice road trip!

nyccarguy

28firefighter said:

nyccarguy said:

28firefighter said:

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

I wish you weren't so far away. I'd probably be interested in taking that lease over. That's a lot of car for the $.

$1100 to ship it. Or a nice road trip!

That's over 4 months worth of lease payments or driving would cost a lot of lease miles plus the fact my vacation (last 2 weeks in July every year) is gone for 2016.

28firefighter

nyccarguy said:

nyccarguy said:

If wife likes it enough, contemplating putting the Escape on Swapalease - lease ends in June 2017. It is a fully loaded Titanium that we got for roughly 0 down and $260/month base payment plus tax and it has 15,000 miles left on the lease. I figure it would go pretty quickly.

I wish you weren't so far away. I'd probably be interested in taking that lease over. That's a lot of car for the $.

$1100 to ship it. Or a nice road trip!

That's over 4 months worth of lease payments or driving would cost a lot of lease miles plus the fact my vacation (last 2 weeks in July every year) is gone for 2016.

Touché. 

Michaell

I'm a lot closer to you. Perhaps when the Elantra lease is up, and you still have it...

28firefighter

Michaell said:

I'm a lot closer to you. Perhaps when the Elantra lease is up, and you still have it...

Yes. It's not officially on the market until wife gives a thumbs up on the A3. I'm skeptical that that happens. 

Michaell

28firefighter said:

Michaell said:

I'm a lot closer to you. Perhaps when the Elantra lease is up, and you still have it...

Yes. It's not officially on the market until wife gives a thumbs up on the A3. I'm skeptical that that happens. 

You'll have about 60 days .. my last payment is due 10/7 and the lease officially terminates on 11/7.

$260/mo for a loaded Escape sounds promising. How many miles are on it?

stickguy

almost exactly 1 year off for me. I got mine 11/8/2014, so I guess it is due back 11/8/2017!

I can't wait.

Michaell

stickguy said:

almost exactly 1 year off for me. I got mine 11/8/2014, so I guess it is due back 11/8/2017!

I can't wait.

Yeah, wife is making noises that she doesn't think we can share a car.

Fine by me; allows me to go shopping!

stickguy

yeah, if I let it go back without taking home a replacement Hyundai, I don't think it will take long for me to break down and get something else. Though making it 6 months would be nice!

Michaell

stickguy said:

yeah, if I let it go back without taking home a replacement Hyundai, I don't think it will take long for me to break down and get something else. Though making it 6 months would be nice!

Yeah, I have to admit it would be nice to not have that car payment for a little while.

Plus, I can avoid the morning shuffle of cars - found out after we moved in that our HOA does not allow overnight parking on the street. Always have to know in advance which car the girls are driving and make sure my car is on the other side of the driveway.

28firefighter

Michaell said:

Michaell said:

I'm a lot closer to you. Perhaps when the Elantra lease is up, and you still have it...

Yes. It's not officially on the market until wife gives a thumbs up on the A3. I'm skeptical that that happens. 

You'll have about 60 days .. my last payment is due 10/7 and the lease officially terminates on 11/7. $260/mo for a loaded Escape sounds promising. How many miles are on it?

5500. 10,500 allowed per year - 21,000 total allowed for the life of the lease which is due back end of June 2017. 

Actually it's 266/month plus tax. Here in Seattle it comes out to $292/month after tax. 

Michaell

28firefighter said:

Michaell said:

28firefighter said:

Michaell said:

I'm a lot closer to you. Perhaps when the Elantra lease is up, and you still have it...

Yes. It's not officially on the market until wife gives a thumbs up on the A3. I'm skeptical that that happens. 

You'll have about 60 days .. my last payment is due 10/7 and the lease officially terminates on 11/7.

$260/mo for a loaded Escape sounds promising. How many miles are on it?

5500. 10,500 allowed per year - 21,000 total allowed for the life of the lease which is due back end of June 2017. 

Actually it's 266/month plus tax. Here in Seattle it comes out to $292/month after tax. 

OK, about $287/mo here in CO.

Plenty of room for me to drive it back to CO from Seattle (1300+ miles). Still, would be a nice way to tide me over until next summer, then I could shop again.

qbrozen

Final approval hearing scheduled for 10/18. Did we know that date before?

2 more long months.

28firefighter

Known date, but buybacks will begin within days of final approval being given, I believe.

jpp75

Thinking about checking this one out, if I got it OTD for $12k looks like the buyback would be right at $16k, so not a bad turnaround but would need to see the carfax first.

https://www.smilingdriver.com/VehicleDetails/3562/M1483/----2011-Volkswagen-Jetta-SportWagen-4d-Wagon-TDI-Auto

qbrozen

Not sure what your fees and taxes are, but somewhere in the $10k-$11k range should buy it. Worth about $8500 at auction.

jpp75

Thanks Q. Taxes here are 3.5%, fees aren't too bad (except for the doc fee) so I'm thinking less than $1k in fees would do it.

I also found this one, it's a lot closer and has a better payback but the "Minor Damage" would need to be checked out

http://www.fayettevilleford.com/used/Volkswagen/2012-Volkswagen-Jetta+Sedan-in+Fayetteville-a650af480a0e0adf001605de706bb8a6.htm?searchDepth=2:5

henryn

The well is drying up, people are getting smarter.

http://houston.craigslist.org/cto/5710470306.html

This guy is asking $11,500, and the buyback calculator says $11,625. Coincidence? I doubt it.

qbrozen

jpp5862 said:

Thanks Q. Taxes here are 3.5%, fees aren't too bad (except for the doc fee) so I'm thinking less than $1k in fees would do it. I also found this one, it's a lot closer and has a better payback but the "Minor Damage" would need to be checked out http://www.fayettevilleford.com/used/Volkswagen/2012-Volkswagen-Jetta+Sedan-in+Fayetteville-a650af480a0e0adf001605de706bb8a6.htm?searchDepth=2:5

Interesting. Really doesn't matter as long as it is drivable, per the buyback rules. Finding one with some minor damage is actually beneficial since it devalues it in a purchase but not in the buyback.

jpp75

qbrozen said:

Interesting. Really doesn't matter as long as it is drivable, per the buyback rules. Finding one with some minor damage is actually beneficial since it devalues it in a purchase but not in the buyback.

That's what I was thinking, waiting to hear back from the dealer. It wasn't on my search yesterday and they don't have pics up so I'm guessing it just came in.

Plus other than the red it's a car I wouldn't mind driving if all this didn't work out.

stickguy

henryn said:

The well is drying up, people are getting smarter.

http://houston.craigslist.org/cto/5710470306.html

This guy is asking $11,500, and the buyback calculator says $11,625. Coincidence? I doubt it.

Still can be worth doing. Not as a quick flip, but you can buy it, and drive for 2+ years, and sell for more than you paid. Even better on a new enough one to be under warranty the whole time.