How much will TDI owners get from Volkswagen?

"Matt@ShiftCarBlog" (shiftcarblog)
06/28/2016 at 14:56 • Filed to: volkswagen, dieselgate, settlement, tdi

Here, a Volkswagen TDI sits beneath a vibrant blue sky as the owner (not pictured) sings along to Kool & The Gang’s “Celebration” in response to today’s Dieselgate settlement announcement.

This post originally appeared on !!!error: Indecipherable SUB-paragraph formatting!!! . Feel free to stop by and say hello!

At long last, the day of the Volkswagen Dieselgate settlement is upon us. The California court has finally announced a compensation guide for the owners of affected Dieselgate Volkswagen TDI models. Beginning July 26th, the registration period will open and allow owners/lessees the opportunity to plug in their VIN number and vehicle details and, presumably, receive an estimate of their compensation and further instructions on how to proceed in returning their vehicle.

The compensation guidelines for owners are: the “Vehicle Value” + “Owner Restitution”. The restitution will be calculated as 20% of the vehicle base value + $2,986.73, with the minimum restitution set to $5,100. The “vehicle value” is based on the NADA Clean Trade-In estimated value as of September 18th, 2015. The chart below shows a “Buyback” amount, the total combined amount you would receive- the vehicle value as of September 2015 and a compensation amount detailed above.

Lessees of vehicles will receive approximately half the compensation amount compared to owners with the ability to terminate the lease early without a fee.

There is an option outlined for owners choosing to have VW fix the cars in the future, but there is not an approved fix at this time and it is quite possible that one will never be reached. The Approved Emissions Modification is the amount you would receive if you chose this route.

For complete details and most importantly AN UN-KINJA’ED Settlement Figure Table, visit !!!error: Indecipherable SUB-paragraph formatting!!! .

Dieselgate Settlement Figures:

Volkswagen Owners

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Audi Owners

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Settlement Payments to Lessees

The tables below show the range of possible payment amounts to lessees under the Class Action Settlement. The amount you will be offered depends on your car’s model year, model, trim level, and factory options.

These tables assume that you had a leased car with VW Credit, Inc. when the emissions accusations became public on September 18, 2015 and that you did not purchase that car on or before June 28, 2016. If you had a leased car with VW Credit, Inc. on September 18, 2015 and purchased that car on or before June 28, 2016, then you are considered an owner and should use the tables on the previous two pages to find your payment range.

Beginning July 26, 2016, you can see the exact Lessee Restitution payment amount for your car by visiting !!!error: Indecipherable SUB-paragraph formatting!!! and entering your Vehicle Identification Number (VIN) and other required information.

Volkswagen Lessees

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Audi Lessees

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DISCUSSION (21)

Malanga > Matt@ShiftCarBlog
06/28/2016 at 15:03

The answer is 5

HammerheadFistpunch > Matt@ShiftCarBlog
06/28/2016 at 15:04

Im still unlcear on this, take for example my 60,000 mile Sportwagen TDI (2011) in the mountain states region. Do I get $19,xxx? or do I get $19,xxx + $5,xxx

crowmolly > HammerheadFistpunch
06/28/2016 at 15:08

I’ve seen it both ways today.

Is the buyback price (adjusted for mileage) what we get, or do we get a buyback plus money on top?

HammerheadFistpunch > crowmolly
06/28/2016 at 15:11

Or is the money on top for keeping the “fixed” car? who knows?! Seems like 19 and change is a fair buyback price, 25,xxx means I would MAKE money on the car.

iSureWilll > HammerheadFistpunch
06/28/2016 at 15:15

1st column is buyback INCLUDING “additional compensation”. 2nd column is what you would get if you let them fix it, and you kept ownership of the vehicle.

EDIT: FTC links below show what you would get. Look at first table, then subtract the amount in the 2nd table according to your mileage.

https://www.ftc.gov/system/files/d…

HammerheadFistpunch > iSureWilll
06/28/2016 at 15:15

Its becoming more obvious that this is the case. Still, 19 and change is pretty good, about what I was hoping for.

Matt@ShiftCarBlog > HammerheadFistpunch
06/28/2016 at 15:16

You will get the buyback amount + compensation amount.

Buyback amount = value as of pre-scandal September 2015

Compensation amount = see chart above

Nimbus > HammerheadFistpunch
06/28/2016 at 15:16

You would get $19,xxx if you choose the buyback option (Value of car in 2015 + 20% restitution). You get just the restitution if you choose the emission modification option.

Matt@ShiftCarBlog > crowmolly
06/28/2016 at 15:18

You will receive a buyback amount for the vehicle PLUS compensation amount.

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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.

iSureWilll > HammerheadFistpunch
06/28/2016 at 15:18

I have a 2010 2dr golf. I’ll be getting roughly $14,500 including compensation. Bought the car for $19k out the door 3 years ago so it looks like this was a fairly smart buy!

HammerheadFistpunch > Matt@ShiftCarBlog
06/28/2016 at 15:19

Looks like my final number will be $19157 (minus...presumably... “condition demerits”)

crowmolly > HammerheadFistpunch
06/28/2016 at 15:20

Yup. For my 2013 Passat SE w/sunroof @ 61000 I would get $21,497 in a buyback. That actually seems fair. No way am I getting 20% of the value + 2986.73 on top.

crowmolly > Matt@ShiftCarBlog
06/28/2016 at 15:22

Matt,

That seems kind of insane to me... If I’m wrong I will be really happy though.

If the buyback price for me is $21497 with 20% of that + 2986.73 on top that’s higher than the original price of the car.

Matt@ShiftCarBlog > HammerheadFistpunch
06/28/2016 at 15:22

It’s not for keeping a fixed car, every single affected TDI owner will receive the compensation (restitution) payment.

HammerheadFistpunch > Matt@ShiftCarBlog
06/28/2016 at 15:25

yeah, but the buyback amount for a 4 year old car can’t be as high as 19k on a 23k car...so where is the math there? Either way, its seems like a pretty good deal.

Matt@ShiftCarBlog > iSureWilll
06/28/2016 at 15:30

Thanks for the clarification... the table did not copy well to kinja. Working on improving it.

iSureWilll > Matt@ShiftCarBlog
06/28/2016 at 15:39

No problem. I noticed that the table got Kinja’d!

The Dummy Gummy > Malanga
06/28/2016 at 15:57

It’s always 42

Matt@ShiftCarBlog > iSureWilll
06/28/2016 at 16:08

I tried fixing it. That Nibbles McKinja is too strong of a foe. He eats all my tags as fast as I can feed them...

Malanga > The Dummy Gummy
06/28/2016 at 16:12

I was actually thinking of 42 but that would be too easy

Matt@ShiftCarBlog > crowmolly
06/28/2016 at 16:30

Yeah, you’re right. iSureWill pointed out that the “Buyback” column is actually the total combined payout you would receive (Vehicle Value + Restitution). I updated the original post to make that distinction.