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NoWake posted:There's an article up on Jalopnik now about people who've hoarded TDIs from people who either don't know or don't care about the buyback.. then turning them in to VW for the full credit. One guy claims he's holding 10 cars at the moment, another expects to clear $60k doing this. I came to this thread because of this article. I have already found some listings in my area that would net ~$5k each. I don't see the downside. My question for the thread is what is the turnaround time on buybacks? I see people above complaining about the time, but I believe that is because the buybacks are just finally starting correct? If I bought an eligible TDI tomorrow and started the process with VW does anybody have an estimate of how long it would be until I see a check? I really don't see how this isn't free money. Since I can check eligibility and exactly how much I will get before I buy anything I can be sure exactly what my return will be and am guaranteed the buyback. As long as I have the capital and ability to hold the vehicle until the process completes I just don't see how it isn't a sure thing. What am I missing?
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Feb 2, 2017 19:23
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Seat Safety Switch posted:I was under the impression that you were only eligible for the buyback if you bought the car prior to the buyback being announced. Read the article a couple of posts up. You can buy one tomorrow and turn around and get the buyback. It usually isn't done this way, but speculation is they did it because the vehicles have to come off the road no matter what (I think they are required to buy back at least 2/3rds) so VW doesn't care who bought it or when since they have to buy them back regardless. That is why this is such an amazing opportunity to make money. Lots of people don't know about the buyback or don't care so you can buy the cars at normal price then do the buyback and net $5k+ because of the restitution. Hence my question as to how long the buyback process takes if I bought a car tomorrow and initiated the buyback process immediately?
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Feb 2, 2017 22:03
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Cyrano4747 posted:Isn't the restitution split between original purchaser and current owner? I seem to recall something about that in the details when I was looking at the paperwork. That only applied for cars bought between June 28, 2015 and September 18, 2015. If you buy one today the seller is poo poo out of luck.
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Feb 2, 2017 22:55
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