Would you buy a 2014 Diesel.... now?
03-07-2017, 09:26 PM
#46
Three Wheelin'
We are looking to replace my wife's MB GL 350 blutech with a CD year 2014-2016.
Looking around, I don't see any / many 'hot deals' and pricing seems to be high.
If we purchase a CD this month / next month, what would our take from the class action be?
All that is mentioned before is not quite clear; seems to be there are a few different interpretations.
As for the fix / possible lack of performance, it would be my wife's DD, haul the kids around. For performance we get into my Panny GTS :-)
In short: if we buy a 2014-2016 pre owned CD, are we entitled to anything in the future?
Does anyone know more about the possible release of current CD inventory from Porsche dealers?
Looking around, I don't see any / many 'hot deals' and pricing seems to be high.
If we purchase a CD this month / next month, what would our take from the class action be?
All that is mentioned before is not quite clear; seems to be there are a few different interpretations.
As for the fix / possible lack of performance, it would be my wife's DD, haul the kids around. For performance we get into my Panny GTS :-)
In short: if we buy a 2014-2016 pre owned CD, are we entitled to anything in the future?
Does anyone know more about the possible release of current CD inventory from Porsche dealers?
If you buy one now and register before May 1st you'll be part of the settlement. If Porsche/VW don't come up with a fix by Dec you'll have a nice buyout. If they come up with a fix they will pay you $9k or up depending on the year plus $1500 from Bosch. Basically a free car for a year in the worst case scenario.
03-07-2017, 11:54 PM
#47
Rennlist Member
http://jalopnik.com/everything-you-n...ter-1791924703
If you buy one now and register before May 1st you'll be part of the settlement. If Porsche/VW don't come up with a fix by Dec you'll have a nice buyout. If they come up with a fix they will pay you $9k or up depending on the year plus $1500 from Bosch. Basically a free car for a year in the worst case scenario.
If you buy one now and register before May 1st you'll be part of the settlement. If Porsche/VW don't come up with a fix by Dec you'll have a nice buyout. If they come up with a fix they will pay you $9k or up depending on the year plus $1500 from Bosch. Basically a free car for a year in the worst case scenario.
03-08-2017, 10:04 AM
#48
CD for wife
http://jalopnik.com/everything-you-n...ter-1791924703
If you buy one now and register before May 1st you'll be part of the settlement. If Porsche/VW don't come up with a fix by Dec you'll have a nice buyout. If they come up with a fix they will pay you $9k or up depending on the year plus $1500 from Bosch. Basically a free car for a year in the worst case scenario.
If you buy one now and register before May 1st you'll be part of the settlement. If Porsche/VW don't come up with a fix by Dec you'll have a nice buyout. If they come up with a fix they will pay you $9k or up depending on the year plus $1500 from Bosch. Basically a free car for a year in the worst case scenario.
Great info! Thank you! The search is on, 7 weeks till May 1st !
03-08-2017, 10:25 AM
#49
Burning Brakes
I'm one who believes that VAG/PCNA will NOT be releasing or selling any of the 3.0L vehicles that are embroiled in the biggest consumer fraud case that the world has ever seen. A reply by the plantiff's attorney, Cabraser(sp), had indicated that the company knows that it would be very bad form to do so on many levels and thus, the CD's that are out there along with all the other Gen 2 3.0's will never be sold.
Having had a 2012 Touareg TDI and knowing how awesome the motor and entire package was/is, and with buyback imminent, I got myself a 2016 CD for what I think was a great price and with all sorts of warranty(not CPO) but still, along with the buyback and all the "rebates", and I know what I have. In doing searches for 2011-2016 Touareg TDI's, there are NONE for sale in the US. There are very few CD's and even fewer 2015+ for sale used and the ones around me are north of $70K with 2-10,000 miles on them.
I don't think that the prices are out of line and maybe on the higher side but if one wants one, what is one going to do? Where I got mine, I offered pay $990 less and was told that they would not budge from their asking price as it was a BMW dealer that took the 2016 CD on a trade/early lease termination and I was happy to pay their asking price as it was the lowest price by $6,000 within 500 miles of me and even with the former lessee getting their $2,000 if they register for it, I will still get a nice "rebate".
It is one of those things where if you want one, you have to be willing to pay, if not, you get gas. Nothing wrong with gas but I'm a diesel convert and love the way the CD feels. I thought hard on a Cayenne S but knew in my heart and head that I want and need the Diesel and do not regret it for one second.
I think that if there were a Gen 2 buyback, I might be one that keeps my 2016.
Having had a 2012 Touareg TDI and knowing how awesome the motor and entire package was/is, and with buyback imminent, I got myself a 2016 CD for what I think was a great price and with all sorts of warranty(not CPO) but still, along with the buyback and all the "rebates", and I know what I have. In doing searches for 2011-2016 Touareg TDI's, there are NONE for sale in the US. There are very few CD's and even fewer 2015+ for sale used and the ones around me are north of $70K with 2-10,000 miles on them.
I don't think that the prices are out of line and maybe on the higher side but if one wants one, what is one going to do? Where I got mine, I offered pay $990 less and was told that they would not budge from their asking price as it was a BMW dealer that took the 2016 CD on a trade/early lease termination and I was happy to pay their asking price as it was the lowest price by $6,000 within 500 miles of me and even with the former lessee getting their $2,000 if they register for it, I will still get a nice "rebate".
It is one of those things where if you want one, you have to be willing to pay, if not, you get gas. Nothing wrong with gas but I'm a diesel convert and love the way the CD feels. I thought hard on a Cayenne S but knew in my heart and head that I want and need the Diesel and do not regret it for one second.
I think that if there were a Gen 2 buyback, I might be one that keeps my 2016.
03-08-2017, 11:10 AM
#50
Rennlist Member
Sell your 3.0 TDI after JAN 31 2017 AND YOU ARE NOT ELIGIBLE.
Re read the Exclusionary verbiage following what SKIAHH posted.
"You are excluded from the class is you sell your vehicle After Jan 31 2017"
This is as clear as can be.
Unfortunately, your understanding of the settlement may sway those on this board
To make misinformed decisions
Tax status is treated as a return of capital for an individual owner.
Similar to a public co. Paying a " special dividend.
Re read the Exclusionary verbiage following what SKIAHH posted.
"You are excluded from the class is you sell your vehicle After Jan 31 2017"
This is as clear as can be.
Unfortunately, your understanding of the settlement may sway those on this board
To make misinformed decisions
Tax status is treated as a return of capital for an individual owner.
Similar to a public co. Paying a " special dividend.
03-08-2017, 11:16 AM
#51
Burning Brakes
Sell your 3.0 TDI after JAN 31 2017 AND YOU ARE NOT ELIGIBLE.
Re read the Exclusionary verbiage following what SKIAHH posted.
"You are excluded from the class is you sell your vehicle After Jan 31 2017"
This is as clear as can be.
Unfortunately, your understanding of the settlement may sway those on this board
To make misinformed decisions
Tax status is treated as a return of capital for an individual owner.
Similar to a public co. Paying a " special dividend.
Re read the Exclusionary verbiage following what SKIAHH posted.
"You are excluded from the class is you sell your vehicle After Jan 31 2017"
This is as clear as can be.
Unfortunately, your understanding of the settlement may sway those on this board
To make misinformed decisions
Tax status is treated as a return of capital for an individual owner.
Similar to a public co. Paying a " special dividend.
03-08-2017, 12:29 PM
#52
Instructor
My family just bought 2 of them. You can still buy one after May and be in the settlement, it is only the former owners/lessees that must register by May 1. The catch is that after May the owner can start collecting on the first half of the repair check.
03-08-2017, 03:05 PM
#53
Rennlist Member
Sell your 3.0 TDI after JAN 31 2017 AND YOU ARE NOT ELIGIBLE.
Re read the Exclusionary verbiage following what SKIAHH posted.
"You are excluded from the class is you sell your vehicle After Jan 31 2017"
This is as clear as can be.
Unfortunately, your understanding of the settlement may sway those on this board
To make misinformed decisions
Tax status is treated as a return of capital for an individual owner.
Similar to a public co. Paying a " special dividend.
Re read the Exclusionary verbiage following what SKIAHH posted.
"You are excluded from the class is you sell your vehicle After Jan 31 2017"
This is as clear as can be.
Unfortunately, your understanding of the settlement may sway those on this board
To make misinformed decisions
Tax status is treated as a return of capital for an individual owner.
Similar to a public co. Paying a " special dividend.
The post you responded to, however, was in regards to BUYING a vehicle. The previous owner, if not Porsche Finance (since the vehicle in question was a lease), would be impacted by this provision, though I suspect the bill of sale date would be used and not the title transfer date.
So if you BUY a vehicle after 1/31, you are in the class, since you bought after the effective date and own one now. BenCD, for example, is in the class regardless of when the bill of sale is dated or title transferred. The previous owner of the vehicle may or may not be, depending on that same date.
Regarding taxability, equating this to a special dividend doesn't seem accurate to me. Or to a tax specialist:
Regarding the 2.0l settlement,
Originally Posted by from a SFGate article
In general, “any settlement you get for something other than personal physical injury or sickness is taxable,” said Mark Luscombe, principal federal tax analyst for Wolters Kluwer Tax & Accounting. Most other settlements, such as for back pay and punitive damages, are taxable.
In the case of property, if the settlement merely restores your original value, it’s not taxable, but if it enriches you beyond where you were before, it is taxable, he said.
Theoretically, owners who sold their cars back would not owe tax if the combined payment (trade-in plus cash payment) was less than their basis, which is generally what they paid for the car (or the depreciated basis if they used it in a business). If it was more than their basis, they could owe tax on the excess.
If they kept the car and got it fixed, the cash payment likely would not be taxable if the payment is designed to compensate them for lost value.
If they leased the car, the payment could be taxable because “they had no basis” in the car, according to Luscombe.
In the case of property, if the settlement merely restores your original value, it’s not taxable, but if it enriches you beyond where you were before, it is taxable, he said.
Theoretically, owners who sold their cars back would not owe tax if the combined payment (trade-in plus cash payment) was less than their basis, which is generally what they paid for the car (or the depreciated basis if they used it in a business). If it was more than their basis, they could owe tax on the excess.
If they kept the car and got it fixed, the cash payment likely would not be taxable if the payment is designed to compensate them for lost value.
If they leased the car, the payment could be taxable because “they had no basis” in the car, according to Luscombe.
Personally, I'll be asking an accountant for help with this one, rather than blindly following advice (e.g., "it's like a special dividend") from the interwebz. And certainly, the only authoritative advice anyone should take form me is to ask their tax pro to check their own situation; I'm not claiming to be the expert on taxes... or the settlement. Though I can read.
Here's TurboTax's take on it, largely agreeing with Luscombe's analysis and putting some application to it. https://ttlc.intuit.com/questions/3665592
03-11-2017, 07:49 PM
#54
I'm one who believes that VAG/PCNA will NOT be releasing or selling any of the 3.0L vehicles that are embroiled in the biggest consumer fraud case that the world has ever seen. A reply by the plantiff's attorney, Cabraser(sp), had indicated that the company knows that it would be very bad form to do so on many levels and thus, the CD's that are out there along with all the other Gen 2 3.0's will never be sold.
.
.
I am trying to come up with some logic thoughts on what Porsche USA would do, but I can't get my head around it , one way or another.
If they release all inventory CD's at a good price, that would be awesome. However, with so much egg on their face, would they?
03-11-2017, 08:51 PM
#55
Burning Brakes
Is there any further word on the release of inventory Cayenne Diesels?
I am trying to come up with some logic thoughts on what Porsche USA would do, but I can't get my head around it , one way or another.
If they release all inventory CD's at a good price, that would be awesome. However, with so much egg on their face, would they?
I am trying to come up with some logic thoughts on what Porsche USA would do, but I can't get my head around it , one way or another.
If they release all inventory CD's at a good price, that would be awesome. However, with so much egg on their face, would they?
With respect to the impact and the economics of Porsche returning its own
repaired Cayennes to the market , Porsche could do that-but its economic self-interest suggests it would not create a situation that damaged the market value of these or other VW, Audi, or Porsche cars, interfered with the profit opportunities of their dealers, or further damaged the manufacturers’ reputation.
Read into that and discuss.
03-12-2017, 07:39 PM
#58
Rennlist Member
Originally Posted by Twodan
better not use it in the colder months without treating it or you'll be stuck with gelled fuel.
03-12-2017, 09:14 PM
#59
Rennlist Member
This past December, I drove from WA to CO in some of the coldest weather I've encountered in a while - sustained -10F as we drove along the highway. Not a hiccup or hint of gelling. And that was using winter blend diesel only; no additive. My -27F washer fluid, however, froze up in the system (don't buy the cheap stuff!).
Saying not to use a diesel in colder months without treating it is just admitting a lack of knowledge about modern diesels and diesel fuel.