I am no lawyer, but basic math says that 1 Billion divided by 462 000, is about $2074 per car. Not the best buyout I could hope for. I bet that for every dollar the customers who were lied to get the governments and lawyers get 10.
Getting letters from lawyers wanting us to sign up with them to get a “fair Share” of VW’s settlement. Is it necessary to be in a group that is suing VW? We are the owner of 2012 Jetta TDI, it seems we should be compensated for VW lying just like any other owners.
“Joining” the class action is a bit of a misnomer. All those affected by the issue will benefit from the judgement.
From classactionlitigation(dot)com
“How do I join a class action?
A. Generally, before a court certifies a class action, it must conclude that there are too many class members for them all to be named as parties in the lawsuit. Technically, class members do not “join” into the litigation, but decide to participate by not “opting-out.” It is only in rare instances when a suit is filed as an “opt-in” class action. In those rare instances, a claim form or request to join form may be necessary. Ordinarily, the notice issued to class members in the usual suit for compensatory damages will tell the class if they need to take any action to participate. In a suit for compensatory damages, any class member who does not “opt-out” may be bound by the results of the litigation if it proceeds as a class action. If a class member should determine, however, that he wants to participate in the suit as a named party, he may hire his own lawyer and seek to intervene (participate) in the lawsuit.”
I have a 2013 Passat TDI SEL Premium and my car was almost $40,000 I could have bought an Audi, I wanted the fuel mileage, now I am not going to be getting it and losing power, the suggested amount is not going to fix either of my issues, VW is going to have to better than what is being suggested.
2013 Jetta TDI Premium owner here, paid over $30,000. Considered many different vehicles, settled on the Jetta mainly for fuel mileage and longevity of a diesel engine, and resale value if I ever did decide to sell it. Well, resale value is now about $4000 less than it was when the scandal broke. Also, the DSG transmission began knocking and the engine light came on and threw two emissions related codes just after the 60,000 mile service, all conveniently just after the warranty expired. VW committed fraud and sold us a bunch of lemons. I don’t know exactly what would be “fair” at this point. I hear anything from a full MSRP buyback, to a refund of a few thousand. It will likely be somewhere in between, such as a buyback at September 2015 Blue Book value plus $5000 and the Goodwill Package, which would make me feel whole again personally, but of course not everyone will feel the same way. Also, it’d be difficult to calculate the value of a vehicle from last year because of mileage and condition; I drive approximately 25,000 miles per year, the average is about 15,000, some drive much fewer miles, and that may effect the price substantially.
I purchased a 2015 Tdi Sportwagon three weeks before announcement came out I have 10,000 miles on it and tried to trade it and was offered 50% go purchase price for it. This is unreasonable and VW need to take my car back give me my money back the cost of miliage. I can not see any other potions.
I bought a new 2014 Sportwagen TDI that listed for $27,600. It had an extra clean Black Book value of $22,500 the week before the 9/18/15 scandal news broke – and that (plus any punitive amount Federal Judge Breyer assigns) is the amount I expect Volkswagen to buy my car back for… nothing more… nothing less. I’ve seen others all over the map wanting much more but I’m in the camp of folks who say that I received what I perceived was value for the money paid up until the disclosure… and I, therefore, expect to be paid what the car was worth the day before the news hit.
Anything less than that – and I’m gone for life as a potential VW customer. The thing that I am most worried about is the shocking news that we US customres are, in total, only about 5% of Volkswagen’s customer base worldwide – and they might just throw up their corporate hands and say, “Screw you guys” after making some unfair buyback offer – and decide to play the long game of electric vehicles based on the fact that we Americans do have such short memories – and by 2025 many of us will have long forgotten this TDI debacle and will be buying their future electric vehicles.
I have a 2012 Jetta tdi I bought it because of the mileage and performance. I and sure after they work on them it will not have what it did on either so I just want it gone so I can move on to something else. If you don’t get the mileage it did and you have to pay more for diesel does not make any sence to drive a diesel.
I have a 2011 Golf TDI (bought in 2011) & it’s paid for. I was leery about getting my car at first but fell in love with it after the test drive & research. Honestly, unless VW is talking complete compensation with additional for expenses to buy a new car/headaches this is causing, etc., then they aren’t talking. Why should I have a new car payment when mine is paid off & this is not my fault. And if I let them fix it, you can pretty much bet there will be a whole new set of problems this car will have. I’m nervous about this whole thing (as are all involved) & worried we will all get screwed over this. Apologies for stating the obvious, just glad to be able to vent too.
Bought Passat TDI for range only. Anything that negatively affects range makes car worthless to me. Buyback at full purchase price is fair compensation given my wasted time and VW fraud. VW should fix all buybacks and give them to poor people.
I bought a Passat TDI for range only. Any attempted fix that negatively affects my range makes the car worthless to me. A buyback at FULL PURCHASE price is the only fair compensation for the massive waste of my time and the intentional fraud committed by VW. VW should fix these cars and give them to poor people to compensate society for the damage they deliberately created.
They’ve done great damage to their brand. It’s now a trust issue – at least for me – which will be really hard for them to come back from. Kinda sad. My first car ‘way back when’ was a VW Rabbit, bare bones, but you knew what you were getting: a dependable, efficient car. It was nostalgia that led me back to VW 35 years later – so disappointing to see what they’ve done to their customers.
(1) Inasmuch as VW “admits” misrepresenting a material fact;
(2) Which infact ‘is proven entirely to be’ the procuring cause;
(3) Financing Loan to ‘Value’ becomes moot; as
(4) diminished ‘resale’ represents an undisclosed liability;
(5) mitigation must offset the ‘intentional’ liability;
(6) liability must be shared by VW Credit as follows;
WITH OWNER’S CONSENT:
a. All vehicles must be repurchased by VW Credit;
b. All ‘original financing’ must be wiped clean;
c. An 80% ‘prior payment penalty’ must be charged to VW;
d. The 80% penalty is refunded to owners through VW Credit;
AT VW’S OPTION:
a. VW repairs/adjusts these vehicles:
b. Once a revised FMV is established for VW repaired vehicles;
c. First Opt would be – Direct resale/finance to prior owner; or
d. Second Opt – Standard Dealer Resale per FMV;
e. Third Opt (as above) Owner takes no action, but keeps the refund.
All Owner financial compensation is based entirely on ‘vehicle turn-in’, and would be in the form of the 80% refund on all past contract payments to date. Once that refund is received, the owner could ‘repurchase’ the same vehicle, entirely at the discretion of the owner. Of course, the owner could ‘take the money and run’, but it depends upon the owner’s desire to drive the TDI. This refund could also be used to purchase ANY other vehicle VW or not, new or older.
In the absence of the above, the owned could stand mute and have his/her tdi repaired, as the only compensation, taking whatever compensation VW deems to be sufficient.
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I am no lawyer, but basic math says that 1 Billion divided by 462 000, is about $2074 per car. Not the best buyout I could hope for. I bet that for every dollar the customers who were lied to get the governments and lawyers get 10.
Getting letters from lawyers wanting us to sign up with them to get a “fair Share” of VW’s settlement. Is it necessary to be in a group that is suing VW? We are the owner of 2012 Jetta TDI, it seems we should be compensated for VW lying just like any other owners.
“Joining” the class action is a bit of a misnomer. All those affected by the issue will benefit from the judgement.
From classactionlitigation(dot)com
“How do I join a class action?
A. Generally, before a court certifies a class action, it must conclude that there are too many class members for them all to be named as parties in the lawsuit. Technically, class members do not “join” into the litigation, but decide to participate by not “opting-out.” It is only in rare instances when a suit is filed as an “opt-in” class action. In those rare instances, a claim form or request to join form may be necessary. Ordinarily, the notice issued to class members in the usual suit for compensatory damages will tell the class if they need to take any action to participate. In a suit for compensatory damages, any class member who does not “opt-out” may be bound by the results of the litigation if it proceeds as a class action. If a class member should determine, however, that he wants to participate in the suit as a named party, he may hire his own lawyer and seek to intervene (participate) in the lawsuit.”
I have a 2013 Passat TDI SEL Premium and my car was almost $40,000 I could have bought an Audi, I wanted the fuel mileage, now I am not going to be getting it and losing power, the suggested amount is not going to fix either of my issues, VW is going to have to better than what is being suggested.
2013 Jetta TDI Premium owner here, paid over $30,000. Considered many different vehicles, settled on the Jetta mainly for fuel mileage and longevity of a diesel engine, and resale value if I ever did decide to sell it. Well, resale value is now about $4000 less than it was when the scandal broke. Also, the DSG transmission began knocking and the engine light came on and threw two emissions related codes just after the 60,000 mile service, all conveniently just after the warranty expired. VW committed fraud and sold us a bunch of lemons. I don’t know exactly what would be “fair” at this point. I hear anything from a full MSRP buyback, to a refund of a few thousand. It will likely be somewhere in between, such as a buyback at September 2015 Blue Book value plus $5000 and the Goodwill Package, which would make me feel whole again personally, but of course not everyone will feel the same way. Also, it’d be difficult to calculate the value of a vehicle from last year because of mileage and condition; I drive approximately 25,000 miles per year, the average is about 15,000, some drive much fewer miles, and that may effect the price substantially.
I purchased a 2015 Tdi Sportwagon three weeks before announcement came out I have 10,000 miles on it and tried to trade it and was offered 50% go purchase price for it. This is unreasonable and VW need to take my car back give me my money back the cost of miliage. I can not see any other potions.
I bought a new 2014 Sportwagen TDI that listed for $27,600. It had an extra clean Black Book value of $22,500 the week before the 9/18/15 scandal news broke – and that (plus any punitive amount Federal Judge Breyer assigns) is the amount I expect Volkswagen to buy my car back for… nothing more… nothing less. I’ve seen others all over the map wanting much more but I’m in the camp of folks who say that I received what I perceived was value for the money paid up until the disclosure… and I, therefore, expect to be paid what the car was worth the day before the news hit.
Anything less than that – and I’m gone for life as a potential VW customer. The thing that I am most worried about is the shocking news that we US customres are, in total, only about 5% of Volkswagen’s customer base worldwide – and they might just throw up their corporate hands and say, “Screw you guys” after making some unfair buyback offer – and decide to play the long game of electric vehicles based on the fact that we Americans do have such short memories – and by 2025 many of us will have long forgotten this TDI debacle and will be buying their future electric vehicles.
Not me.
I have a 2012 Jetta tdi I bought it because of the mileage and performance. I and sure after they work on them it will not have what it did on either so I just want it gone so I can move on to something else. If you don’t get the mileage it did and you have to pay more for diesel does not make any sence to drive a diesel.
I have a 2011 Golf TDI (bought in 2011) & it’s paid for. I was leery about getting my car at first but fell in love with it after the test drive & research. Honestly, unless VW is talking complete compensation with additional for expenses to buy a new car/headaches this is causing, etc., then they aren’t talking. Why should I have a new car payment when mine is paid off & this is not my fault. And if I let them fix it, you can pretty much bet there will be a whole new set of problems this car will have. I’m nervous about this whole thing (as are all involved) & worried we will all get screwed over this. Apologies for stating the obvious, just glad to be able to vent too.
Bought Passat TDI for range only. Anything that negatively affects range makes car worthless to me. Buyback at full purchase price is fair compensation given my wasted time and VW fraud. VW should fix all buybacks and give them to poor people.
I bought a Passat TDI for range only. Any attempted fix that negatively affects my range makes the car worthless to me. A buyback at FULL PURCHASE price is the only fair compensation for the massive waste of my time and the intentional fraud committed by VW. VW should fix these cars and give them to poor people to compensate society for the damage they deliberately created.
They’ve done great damage to their brand. It’s now a trust issue – at least for me – which will be really hard for them to come back from. Kinda sad. My first car ‘way back when’ was a VW Rabbit, bare bones, but you knew what you were getting: a dependable, efficient car. It was nostalgia that led me back to VW 35 years later – so disappointing to see what they’ve done to their customers.
(1) Inasmuch as VW “admits” misrepresenting a material fact;
(2) Which infact ‘is proven entirely to be’ the procuring cause;
(3) Financing Loan to ‘Value’ becomes moot; as
(4) diminished ‘resale’ represents an undisclosed liability;
(5) mitigation must offset the ‘intentional’ liability;
(6) liability must be shared by VW Credit as follows;
WITH OWNER’S CONSENT:
a. All vehicles must be repurchased by VW Credit;
b. All ‘original financing’ must be wiped clean;
c. An 80% ‘prior payment penalty’ must be charged to VW;
d. The 80% penalty is refunded to owners through VW Credit;
AT VW’S OPTION:
a. VW repairs/adjusts these vehicles:
b. Once a revised FMV is established for VW repaired vehicles;
c. First Opt would be – Direct resale/finance to prior owner; or
d. Second Opt – Standard Dealer Resale per FMV;
e. Third Opt (as above) Owner takes no action, but keeps the refund.
All Owner financial compensation is based entirely on ‘vehicle turn-in’, and would be in the form of the 80% refund on all past contract payments to date. Once that refund is received, the owner could ‘repurchase’ the same vehicle, entirely at the discretion of the owner. Of course, the owner could ‘take the money and run’, but it depends upon the owner’s desire to drive the TDI. This refund could also be used to purchase ANY other vehicle VW or not, new or older.
In the absence of the above, the owned could stand mute and have his/her tdi repaired, as the only compensation, taking whatever compensation VW deems to be sufficient.