VW TDI Buyback: Documents Submitted

As of today, I’ve submitted documents to VW for this buyback to be approved. The confirmation page states that I should hear back within 10 business days. I expect to hear something back by the end of the second week of December, given the holiday and such.

Here is a copy of the text sent to me.

 

Thank you for submitting your documents in the Online Claims Portal. Next, we will begin reviewing your documents to ensure that you have provided all of the necessary documents and information to determine your eligibility. We will contact you regarding next steps.

This email is being sent from an account that does not receive replies. For questions or other issues related to the VW/Audi Diesel Emissions Settlement, please visit www.VWCourtSettlement.com or contact the Settlement Support Team at 1-844-98-CLAIM.

To ensure delivery to your inbox, add claims_noreply@vwgoa.com to your address book.

Why am I trading in the TDI?

If you asked me if the TDI would ever be traded or sold, I would have said no. I planned to keep that car for 15+ years, as long as it would last. The car ran strong and it produced solid fuel economy. Couple this with the torque of diesel and a manual transmission; this car is fairly fun to drive. I’ve driven it across the country twice, it’s been with me through numerous states spanning 49k miles, I was attached to the car. Four doors meant plenty of room for passengers and a spacious trunk for cargo. It’s everything I needed in a vehicle.

September 18, 2015. This was a typical Friday at work. Nothing major that I can recall, but the future of the TDI was brought to question when the EPA announced the mandatory recall of 2009-2015 Volkswagen TDI cars. This was due to a “cheat device” that Volkswagen would later admit is present in the cars.

Now let’s get down to brass tacks. I am not in the automotive industry. I don’t have any fancy environment or science degrees. I’m just a regular guy that enjoys to drive. With that said, I wasn’t very concerned about the announcement by the EPA. It’s my personal belief that the situation was blown out of proportion. I also believe that diesel is cleaner than gasoline and an obvious choice in the current energy market versus electric/hybrid. YMMV, not all circumstances are the same and if you have a differing opinion, congratulations.

As I considered the pros and cons of keeping the TDI, I began to notice all the little issues. A squeak here, a rattle there, the infotainment screen being on the small side. You know how it goes, the hype was building on the idea of a new(er) car. When I bought the TDI, I didn’t shop around much. I knew that I wanted a diesel Volkswagen and that was that. Now the idea of keeping that car for the long haul was tainted, I looked at the market as a whole to determine replacement options. I wasn’t sure that diesel would be an option this time around based on limited availability.

Even after looking at everything on the market, none of the options were calling to me like the TDI did. I loved everything about the way the car looked, felt, and drove. This was turning into a difficult decision and I was starting to feel like keeping the TDI would be the best option. At this point, preliminary buyback amounts were being calculated and once the announcement was final, the number was hard to pass up. Sure, it could have been more, but it’s hard to complain at the end of the day as this car will end up being one of the cheapest to operate vehicles I’ve ever owned by far.

The money was an attractive option and to compound the issue is the fact that payments for restitution were not enough in comparison to the value of the buyback. The choice was made and I didn’t like any of the replacement options. Then I discovered the BMW F30 diesel and after researching the options, everything was able to fall into place rather quickly. I’ll be sad to see the TDI go, it’s been an amazing car, but it’s time to move to the next great thing.

Judge Approves VW TDI Settlement

This is an excerpt from CNBC, originally written by Patrick T. Fallon.

A U.S. federal judge on Tuesday approved Volkswagen’s record-setting $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the vehicles in mid-November.

The action by U.S. District Judge Charles Breyer in San Francisco marked the latest development in a scandal that has rocked VW since it admitted in September 2015 using secret software in its diesel cars to cheat exhaust emissions tests and make them appear cleaner than they really were.

Under the settlement, Volkswagen agreed to spend up to $10.033 billion on the buybacks and owner compensation and $4.7 billion on programs to offset excess emissions and boost zero-emission vehicle infrastructure and other clean vehicle projects.

The affected vehicles emit up to 40 times legally allowable pollution levels. Volkswagen may also be allowed to repair vehicles if regulators approve fixes.

In total, Volkswagen has agreed to date to spend up to $16.5 billion in connection with the diesel emissions scandal, including payments to dealers, states and attorneys for owners. The scandal rattled VW’s global business, harmed its reputation and prompted the ouster of its CEO.

The world’s second-largest automaker still faces billions more in costs to address 85,000 polluting 3.0 liter vehicles and U.S. Justice Department fines for violating clean air laws. It also faces lawsuits from at least 16 U.S. states for additional claims that could hike the company’s overall costs.

Finally, some progress on this buy back. We’ll see how much longer everyone will have to wait.