VW TDI Settlement - buying a TDI now

kyfdx

Under review, here.

kyfdx

If I was running it, I'd start with eligible sellers, as that doesn't require an actual vehicle to complete, and those people have to have already signed up. Then, that also decides the leftovers pool.

qbrozen

It has been well over 4 weeks for me and still determining eligibility. The online claims site is still down, BTW.

henryn

I saw an article in today's newspaper, stating that VW expected to show a profit this quarter. I'm not sure how the accounting / bookkeeping works on this, I thought they had already shown the 14.7 billion as a loss on their books. If they have, and they're still able to show a profit, that is amazing.

henryn

https://audi-academy.kzoplatform.com/#/containers/746236629705823640?autoplay=on

Very interesting. Playback is jerky for me, but does work.

Screen captures here, if you can't see the video:

http://forums.tdiclub.com/showthread.php?t=468976

corvette

Neat! When the dust has settled and my JSW has been bought back, I'd consider picking up a repaired TDI Passat at a very steep discount. I think they are going to have trouble convincing people to buy the "fixed" cars. 

stickguy

That was cool. I don't even own one, but watched the whole thing anyway!

Most interesting, looks like VWOA will be actively reselling these ASAP, and should recoup a lot of money that way. So if you really like the diesel, wait a few months, and buy it back! Likely with a really good warranty.

28firefighter

I spoke with the claims line today because I'm impatient.

They have 10 business days from the 10/25 approval date to accept the documents, and another 10 days from that to confirm eligibility and show you your final buyback amount.

henryn

stickguy said:

That was cool. I don't even own one, but watched the whole thing anyway!

Most interesting, looks like VWOA will be actively reselling these ASAP, and should recoup a lot of money that way. So if you really like the diesel, wait a few months, and buy it back! Likely with a really good warranty.

This sounds like a very good plan to me. I would like to have a newer, lower mileage TDI Passat. And hopefully for the same amount that I get paid for my older, more miled up model.

henryn

28firefighter said:

I spoke with the claims line today because I'm impatient.

They have 10 business days from the 10/25 approval date to accept the documents, and another 10 days from that to confirm eligibility and show you your final buyback amount.

28firefighter said:

I spoke with the claims line today because I'm impatient.

They have 10 business days from the 10/25 approval date to accept the documents, and another 10 days from that to confirm eligibility and show you your final buyback amount.

I admit to being VERY curious to see that "final buyback amount".

kyfdx

Yeah... I'm getting all antsy about the possible bump from the seller pool.

Thanks for posting that video link.

xwesx

I'm getting nervous about how long this whole thing is really going to take. Every month I keep that car, it's eating into my ROI. I planned on January, but that month is sure coming up quickly! And, I really don't want to have it in hand after around April 1 because of the tires I put on it last month.

Michaell

A little help?

http://forums.edmunds.com/discussion/43451/volkswagen/passat/incentives-to-buy-another-vw-after-tdi-buyback#latest

28firefighter

Gave my thoughts.

Michaell

28firefighter said:

Gave my thoughts.

Much appreciated.

corvette

I got a single-page flyer in an 8.5 x 11 envelope the other day explaining the various settlement options. Very inefficient use of a large envelope and postage. 

qbrozen

I received a postcard from a VW dealer offering early settlement incentive of "up to $5000 downpayment on a new VW." Even has a website set up for it: tdiearlysettlement.com.

Of course, you read the fine print and see you are supposed to have all your settlement paperwork, so its not, in fact, early at all.

henryn

Actually, they are "loaning" you the $5k down payment, based on your expected buyout. I think of an incentive as "extra money", and this is simply a loan. Very temporary, and very conditional.

mjfloyd1

corvette said:

I got a single-page flyer in an 8.5 x 11 envelope the other day explaining the various settlement options. Very inefficient use of a large envelope and postage.


I got the same.  I hoped that it was my settlement statement. 

kyfdx

I want a flyer.

Drawback to having an Audi. If they offer incentives on a replacement, I'd be much more likely to want a VW.

andres3

kyfdx said:

I want a flyer.

Drawback to having an Audi. If they offer incentives on a replacement, I'd be much more likely to want a VW.

The incentives will probably apply to both. Audi accepted my VW $500 goodwill card good only at VW, AND, as it turns out, Audi as well. The cost of Taxes in CA made the $500 seem like chump change.

henryn

Woo Hoo!!! Several people over on TDIClub have received their offer email today!

28firefighter

I still haven't even had my documents accepted yet...

henryn

28firefighter said:

I still haven't even had my documents accepted yet...

Neither have I. But at least the process is moving forward. I just read everything posted so far over on TDIClub. There is nothing, not one item, about the restitution amount for late buyers. I suspect that late buyers are not yet being processed, only original owners, those who owned before September, 2015.

stickguy

Well, that sounds fair. Those are the people who actually got screwed.

Don't want to sound mean to y'all here, but really hard to feel sorry for people that jumped in seeing a chance to turn a quick buck!

28firefighter

Totally agree, it'll happen - I have no concerns about it.

More just a complaint about the seeming randomness of the process.

stickguy

well, this is all new stuff, being put together on the fly. So not surprising there are some kinks. Plus, I assume there was a big influx of documents in a short period, and it takes time for people (and probably not enough of them) to work through the backlog,

but, they will get to all of you eventually.

qbrozen

hmmmm... so their emails state they can download their offer letter from the online claims portal, yet the online claims portal has been down for maintenance all day.

andres3

stickguy said:

well, this is all new stuff, being put together on the fly. So not surprising there are some kinks. Plus, I assume there was a big influx of documents in a short period, and it takes time for people (and probably not enough of them) to work through the backlog,

but, they will get to all of you eventually.

It took about a year for the County to process my appeal of property value when housing prices plummeted. Rather than be proactive, they just ignored the market collapsing and forced cognizant people to file appeals of value. Then they complain they got so many it took them a year to process them.

stickguy

well, you are talking about local government and bureaucracies there. They are not known for being proactive, speedy or at all responsive.

28firefighter

qbrozen said:

hmmmm... so their emails state they can download their offer letter from the online claims portal, yet the online claims portal has been down for maintenance all day.

I've had no issues logging in.

kyfdx

I got my flyer in the mail, today!

qbrozen

yeah, got my lousy flyer.

Site has not been working for me at all today. BUT, now just switched browsers and it works. huh. My documents are still under review. So much for submitting early.

xwesx

stickguy said:

Well, that sounds fair. Those are the people who actually got screwed.

Don't want to sound mean to y'all here, but really hard to feel sorry for people that jumped in seeing a chance to turn a quick buck!

Why not? They were liable for the cars regardless of who owned them... so it may as well be us, right?

corvette

The regulators aren't happy with Audi's gas cars either:
U.S. regulator found another cheat device in Audi car - report

http://a.msn.com/r/2/AAjXcsZ

breld

Apparently Audi has set aside an additional $687 million for potential buybacks and compensation.

autoweek.com/article/vw-diesel-scandal/older-vw-touareg-audi-q7-diesels-may-face-buyback

Here's a question - if they come up with an acceptable fix, dealers are sitting on 2015 Q7 TDIs that could then be repaired and made available for sale as new cars. While I don't doubt there may be some pent up demand for such models, I can't imagine they'll be sold without substantial discount, given how old they will be in "car years."

Personally, I like them quite a bit, but that model did debut in 2007; the new Q7 will be in its second model year, and all the other luxury SUVs have been remodeled much more recently.

qbrozen

Guess nobody here has gotten their offer letter yet, either, huh? There is apparently no rhyme nor reason to who is getting further along in the process. Some folks who submitted in October have already been approved and received offers, while some September submitters are still waiting. Whether or not title is in hand also does not seem to be making a difference.

28firefighter

Nope - not yet. No method to the madness it seems.

I have noticed that post-6/28 buyers have had their documents accepted, so it isn't that either.

henryn

I just saw this over on the TDIClub forums:

If you want you can go on the Northern District of California website and read the transcript of the November 3 status meeting. Basically says that VW has received 197,000 claims and 70,000 document packages have been accepted and passed on to Claims Supervisor. Of those 70,000 packages, 28,000 have been validated. VW then has to prepare the offer letters. Doesn't say how many offers were sent out and doesn't give a timeline.
Does say they are receiving 6,500 call a day!

stickguy

I work with projects like this. It is going to take a while to get through the backlog.

Sadly QB may not be getting a Porsche under his Xmas tree.

qbrozen

oh, don't tell me that! Not that a porsche is in the mix much. Still mostly leaning toward the EX.

stickguy

I see them on occasion. I really like the EX. Fits my needs. I also like the Tiguan, but my wife hates them. A small hatch/cuv like that, not low to the ground, works well for me right now.

xwesx

I'm still hoping for January; I just hope that I don't receive my first contact in January.... I'd like to be *rid* of the car by the end of the month.

28firefighter

So interestingly enough, there is a tracking sheet over at TDI Club and no 2013 A3 owners have reported having their documents accepted yet.

qbrozen

My docs still haven't even been approved. I think, come tomorrow, I may reach out to the court monitor, or whatever its called, since that puts it past the 10 business days they had to respond since settlement approval.

kyfdx

If I was running that show..

Eligible sellers would be handled first (to establish the eligible seller remainder pool).
Lessees would be next.
Then pre-09/15 buyers.
Then post-09/15 buyers (who might be affected by the seller remainder pool).

Haven't seen any rhyme or reason to it, so far... but, I think it might be instructive that no post 06/28 buyers have gotten an offer. My documents are still "under review".

qbrozen

post 6/28 buyers have gotten offers

kyfdx

qbrozen said:

post 6/28 buyers have gotten offers

Okay.. no post 06-28 buyers on this forum.

henryn

My documents are still not approved, so I'm still a long way out on this. It's a good thing the car has been behaving well the last few weeks...

qbrozen

Anybody happen to write down the contact info for the court appointment settlement admin, or whatever it is called? I think I saw it somewhere once but I'd have a hell of a time finding it again.