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I'm a "proud" owner of a 2014 Passat TDI (purchased May 2014). Here's the math breakdown for me personally: - $26,000 for the car, before TTL - First year, the
by bluedevil2k 10y ago
I'm a "proud" owner of a 2014 Passat TDI (purchased May 2014). Here's the math breakdown for me personally:
- $26,000 for the car, before TTL
- First year, the car will depreciate 20%, so its September 2015 value would be $20,800.
- VW will give me $5,100 (maybe more) plus that Sept 2015 value = $25,900
- I don't have to make a decision until December 2018
Result: I get a car for 4.5 years for which I've paid $100
* Simplified math, doesn't factor time-value or the 0.9% interest rate.
- TheCondor 10y agoWould you buy another VW, Audi or Porsche?
- bluedevil2k 10y agoPorsche for sure
- duncan_bayne 10y agoWhy not? Bear in mind, the vehicles VW sold were _superior_ from the point of view of the customer & driver. Unless of course the whole affair dented your faith in them responding properly to safety issues or the like.
- walrus01 10y agoModern VW might be nice from the perspective of a driver but they are a royal pain in the ass to service... Designed as throw away appliances almost.
- pc86 10y ago2015 Passat TDI owner checking in: I would love a Porsche Cayman but can't justify the price. I've been looking at the S5 or TTS though. I don't have any particular affinity for the VW group but Audi has some nice looking cars.
- bluedevil2k 10y agoAs irony would have it, I traded in my Cayman for the Passat TDI. Car for car straight up trade
- pc86 10y agoAny particular reason? A brand new Cayman is pretty high on my dream car list.
- bluedevil2k 10y agoHa, it wasn't brand new. It was a 2007 that I sold in 2014. Repairs were EXPENSIVE! ($190/hr for labor at the dealer, $130 at the place I went to). Every part was 4x what it would be in a Camry. KBB was about $26k when I sold it.
- deleted 10y ago[deleted]
- grendelt 10y agoI got a 2015 TDI Jetta in May of 2015. It gets wonderful mileage when I'm on the highway. 51-52mpg on long hauls on the interstate with cruise control set. I'm honestly torn between taking the total amount of money or the $5,100 and letting them fix the car. I just hope it doesn't kill the fuel economy too much. ...and what downsides are there to holding on to the car if they have a fix?
- tonylemesmer 10y agoresale value will probably be affected but by how much?
- pc86 10y agoI have a 2015 purchased in May 2015, 72 month loan at 1.9% interest so the math doesn't work out quite the same, if we both take the buyback + $5,100 on the same date I would probably still have paid more for mine than you for yours. 20% depreciation seems low, is there a source for that number? KBB value for my vehicle, private party sale, "very good" condition is $16k. Even "excellent" condition (3% of cars) only adds $500. Granted I bought this because I was commuting long distance last year and it has 39k miles on it, but I put about 5 miles a day on it now so that will even out over time.
- bluedevil2k 10y agoYou shouldn't compare your KBB right now, after the scandal, to its September 2015 KBB value, before the scandal was started. The values took a huge hit. I don't know what the Sept 2015 value was, so I used 20% since that's what Google told me when I searched "how much does a car depreciate in the first year". I think your math is pretty similar. A virtually free car for 1 year less ownership time.