We love our '14 Passat, but looking at values, Im kinda glad its a lease.
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I have a 2006 VW TDI. Mine is before the cheating happened and I still get 42mpg with a lead foot. If there is a recall that destroys the gas mileage of the new TDIs, I hope it makes the value of mine skyrocket. Blue book of mine is $2k, but they are all on craigslist for about $6K.
For those of you who want to drive it until the wheels fall off, they will. Everything plastic will break on a VW, but the engine will keep going.
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So it looks like there will be two options for vw to handle this issue.
Option 1 giving the owners an amount of money, heard 5k, and fixing the car. Poses a couple of questions, what will the fix do to the vehicle mileage and resale. The 5k is supposed to offset this but it won't.
Option 2 is to buy back the vehicles and ship them overseas where they don't have this issue. I really don't like option 2.
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I'm not overly impressed with either. I want my car left alone but I do want some sort of compensation for the lost value due to the negative perception. How will the $5k be treated from a tax standpoint. If a forgiveness of loan value that is taxable I believe.
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Yeah, Im with you. $5K doesn't even cover the loss of value, as I have hear the loss to be estimated around $6k. As far as the buyback, who gets to determine pricing on that? The only way they can do that fairly is to buy them back for what is owed, not what they are worth. Otherwise it opens them up for a whole new line of lawsuits.
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I agree I don't like either.
Yea and how is buyback value assessed? Kbb has the value of my wife's touraeg at like 8k less than we owe. So if they do kbb we are in the hole big time. Even if they give us what we owe, we are still in a hole because now there is no trade in to be used for another car.
I love my VW, but they have lost a customer forever. The ruling came out last Thursday so they haven't released a lot of info yet. Just stating that there were the two options and not sure everyone will get both.
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Is there going to be any problem with just keeping the car and using it as is? Or is the .gov going to require a "fix". When I bought mine I did so with the intention of running it until the wheels fell off ... so any book value was purely fiction reading for my purposes. If you bought a TDI with the idea of keeping it for 3 years and trading it on a newer model (I have trouble imagining a TDI owner in that category, but to each his own) I can see this being a real problem/issue.
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I have an 09 as stated above. From what I have read the 09-10 can't be fixed. There is no option but to do the buyback. I also wonder what the buyback value will be? My biggest problem is my car is getting close to being paid off. Now I have to go out and buy another car once this all comes down. Not sure I will be able to get what I want or something as nice as what I have now. Car has 93K miles, egr and dpf delete with malone stage 2 programming. Wonder what they will say when I take it in to get "fixed" if they magically come up with a fix for these.
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Originally posted by dhillis View PostI have an 09 as stated above. From what I have read the 09-10 can't be fixed. There is no option but to do the buyback. I also wonder what the buyback value will be? My biggest problem is my car is getting close to being paid off. Now I have to go out and buy another car once this all comes down. Not sure I will be able to get what I want or something as nice as what I have now. Car has 93K miles, egr and dpf delete with malone stage 2 programming. Wonder what they will say when I take it in to get "fixed" if they magically come up with a fix for these.
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I don't like either option either! Mine is a '10 that is paid off with a ton of miles on it. What they give me will not replace what I have now. Value before scandal still doesn't come close to what its worth to me to have a vehicle that gives me 42mpg as a daily driver for 135 mile commute, and no car payment...
My guess is the gov will not pass inspection on these cars if not "fixed" and you will not be able to register the car if you choose to keep your car the way it is...
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Originally posted by Bucksaw View PostThat's exactly my fear. I don't want it reprogrammed, but if they force me to, I want out, but if my resale value is in the pooper, I have no choice but to eat the difference or suck it up. I don't like sucking it up when its not my fault.
That's the process for any vehicle if you live in the right part of the country. I have NEVER had emissions testing on any vehicle Ive ever owned. As long as I don't have to move to a part of the state that requires emissions testing as part of my inspection, I will hold out as long as I can on the "fix".
That's already the case in California. They put an immediate stop on all VW TDI models that fall within the recall. Drivers cant get registration renewed because the car is out of compliance, much less pass an inspection. And, from what Ive seen, they wont be able to again until a "fix" is determined and there is a record of the car undergoing said "fix". As long as They don't do that in Texas, I guess Im ok.
Im also holding out that it will be like you said and just cost VW a bunch of money and I wont be affected at all.
Would that be the same card that have presumably passed inspection in past years?
Sounds like a knee jerk typical California reaction.
"An honest government has no fear of an armed population".
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