News $$$$$Get Out of Your Crappy Volkswagen$$$$$

Discussion in 'The Howard Stern Show' started by Divorce Chicken, Jun 28, 2016.

  1. Divorce Chicken

    Divorce Chicken white punk on dope VIP

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  2. bluedevil30

    bluedevil30 Well-Known Member

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    Are they buying the cars back? Most cant pass emissions test so the cash doesn't help you.
     
  3. Mark Mayonnaise

    Mark Mayonnaise You look like a tree! VIP

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  4. BrulesRules

    BrulesRules Just grab 'em in the biscuits Gold

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    never!
    [​IMG]
     
  5. Nerd

    Nerd Loiter Squad VIP

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    92% of the time, hot women inside of the Volkswagen Jetta

     
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  6. Quality Control

    Quality Control dove Gold

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    But I live in my crappy Volkswagen.
     
  7. cdfree

    cdfree Well-Known Member VIP

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    I have a 2013 Passat TDI SEL with 65k miles and has been in two accidents. Not a bad deal.
     
  8. Divorce Chicken

    Divorce Chicken white punk on dope VIP

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    I think they will take the car back AND give you cash.
     
  9. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    I assume they will buy back your car at MARKET PRICE, which is depressed due to the scandal, and the cash payment is compensation for that diminished value. Depending on how that's valued, you might see a windfall, but probably not much.
     
  10. Brokenbad

    Brokenbad Well-Known Member

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    I wonder if the'll be selling them cheap after they buying them back?
     
  11. Anyonenow

    Anyonenow Well-Known Member

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    Buyback
    If a Class Member who owns a car chooses a Buyback, the price Volkswagen will pay for that car is the September 2015 National Automobile Dealers Association (“NADA”) Clean Trade In value of the car adjusted for options and mileage (“Vehicle Value”). This figure is the value of the car in September 2015, before the emissions accusations became public. Owners receive their Vehicle Value, plus an additional cash payment (“Owner Restitution”). The Owner Restitution payment is calculated at 20% of the Vehicle Value plus $2,986.73. The minimum Owner Restitution payment for any Class Member—to be paid on top of the Vehicle Value—will be $5,100. Some Class Members may receive as much as approximately $10,000 in Owner Restitution.

    Because a car may have more than one owner during the relevant period, for those cars that changed hands after September 18, 2015 and during the claims period, the settlement equitably divides the Owner Restitution payment approximately 50/50 between the owner as of September 18, 2015 who later sold the car (“Eligible Seller”) and the current owner (“Eligible Owner”). To qualify for an Eligible Seller restitution payment, you must identify yourself with 45 days of the entry of the Preliminary Approval Order. If preliminary approval is granted by the Court on July 26, 2016 (the date of the preliminary approval hearing), you will have until September 16, 2016 to identify yourself. Note that if you sell your car after June 28, 2016, you will not be an Eligible Seller (or an Eligible Owner).

    Lease Termination
     
  12. cdfree

    cdfree Well-Known Member VIP

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    The payment table is right in the court link. Nice work by the class action attorneys.

    http://www.cand.uscourts.gov/crb/vwmdl/proposed-settlement
     
  13. wujekcity

    wujekcity Well-Known Member

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    are they buying cars back in the Buyback program? hmmm not sure
     
  14. Reverend Maynard

    Reverend Maynard Well-Known Member

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    I restored a 99.5 Jetta TDI 5 Speed. Fucking awesome to drive but an absolute nightmare to work on.
     
  15. broccoli rob

    broccoli rob thanks for the memories DW3

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    I just sold a VW in the past 6 months. It wasn't a diesel though :(
     
  16. Time Bandit

    Time Bandit Well-Known Member

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    I wonder how much they saved bypassing the emissions standards?
    Besides saving on parts and labor I bet they could advertise better mileage.
    But the smog compliant equipment alone must be alot per car.