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Pontiac of the Month

gscherer78ta's 1978 Trans Am

2019 February
of the Month

  • Welcome to Forever Pontiac

    We are a community of Pontiac enthusiasts. The purpose of our community is to keep alive the Pontiac spirit by sharing (or showing off) our cars, discussing Pontiac, helping each other work on our cars and find information, plus attend various meets/shows/etc... To aid discussion, sharing, event planning and selling of parts/cars/anything, we have various parts of the website to aid this from Forums to an online Garage to Classifieds to even a Document Download Repository. You can find links to these in our navigation above based on what each section helps with (discussion, local events, learning, etc...).

    We invite you to contribute, find help or just view some of our member's amazing cars! Don't forget, we also have great contests from time to time (like our Pontiac of the Month and yearly calendar contest) and our Pontiac This OR That, a fun game where you choose the best of two randomly selected Pontiacs from our online garage.

    We look forward to seeing you around!

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Car & Driver: Cash Money: Owners of Cheaty VW TDI Diesels Prefer Buybacks to Fixes

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So far, the majority of Volkswagen TDI owners who’ve joined the company’s settlement have chosen to sell their cars back at above-market rates.

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According to Automotive News, greater numbers of the 210,000 owners and lessees want the buyback instead of a cash payment and a free fix. The numbers vary depending on age, equipment, and mileage, but it seems that owners are opting for the simplest way out. Volkswagen must pay the trade-in value for a clean car listed under the NADA guidelines, plus $2986.73 and one-fifth of the car’s determined trade-in value.

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Considering that Volkswagen offered the choice of cash payments from $5100 to nearly $8000 and buybacks between $12,475 and $34,000, we’re not surprised by owners swaying toward extra cash. Of course, a buyback means they’ll need to buy a replacement car, which might not be worth the effort or the extra cost. Another quarter-million or so eligible Volkswagen drivers have not made up their minds yet.

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