2 ms·

Yeah, but it's going to be a mess. The person who sold you the car, at the VW dealership, unknowingly misrepresented the product to you. As a consumer under U

Yeah, but it's going to be a mess. The person who sold you the car, at the VW dealership, unknowingly misrepresented the product to you. As a consumer under US law you are entitled to certain remedies (such as: the retailer has to take the product back). Then the dealer, who is not, under US law, a "consumer" and is also not identical to Volkswagen itself, has to seek relief from VW for providing it with the bogus merchandise in the first place. But in practice you're not going to be able to walk into the VW dealer and demand your money back, you'd have to take them to court, and there will probably be strong arguments on their side that the case is preempted by some other, much larger suit.

jonknee 11y ago
It will definitely be a mess. There are already class action suits in progress and I'm sure many more on the way. There is some precedent for buybacks and they typically take depreciation into account, though this is a whole other level of scandal so the rules may be different. Fiat Chrysler recently announced a buyback as part of a consent decree with the NHTSA: http://www.nbcnews.com/business/autos/fiat-chrysler-buy-back-recalls-heres-what-you-need-know-n401046 http://www.nbcnews.com/business/autos/fiat-chrysler-buy-back... > As to how much money an owner might receive under the buy-back program, the consent order stated that FCA must "refund the purchase price paid by the first purchaser of the vehicle for purposes other than resale, less a reasonable allowance for depreciation, and not including the cost of modifications made to the vehicle after the first retail sale." To sweeten the deal, a 10 percent premium will be factored into the initial purchase price. Not a bad deal actually and this was defect based, not fraud based. I think VW would be incredibly lucky to have such a settlement.

jonknee 11y ago

It will definitely be a mess. There are already class action suits in progress and I'm sure many more on the way. There is some precedent for buybacks and they typically take depreciation into account, though this is a whole other level of scandal so the rules may be different. Fiat Chrysler recently announced a buyback as part of a consent decree with the NHTSA: http://www.nbcnews.com/business/autos/fiat-chrysler-buy-back-recalls-heres-what-you-need-know-n401046 http://www.nbcnews.com/business/autos/fiat-chrysler-buy-back... > As to how much money an owner might receive under the buy-back program, the consent order stated that FCA must "refund the purchase price paid by the first purchaser of the vehicle for purposes other than resale, less a reasonable allowance for depreciation, and not including the cost of modifications made to the vehicle after the first retail sale." To sweeten the deal, a 10 percent premium will be factored into the initial purchase price. Not a bad deal actually and this was defect based, not fraud based. I think VW would be incredibly lucky to have such a settlement.