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Money and Finances
Reply to "VW Diesel Settlement"
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[quote=Anonymous][quote=Anonymous]We will take the full buyback, but at the end of the 2 year period. No idea what the replacement will be and open to suggestions. We are upset that 1) this is a taxable event and 2) they are not covering the taxes paid upon the original purchase.[/quote] It is income, of course it is a taxable event - VW can't control that Why would they cover taxes on the original price - you are getting value back for the car now Neither of those arguments makes any sense to me, however waiting until the very end of the 2 year period, assuuming the value of the buyback is the same, would be smart. The deal is structured to prefer buyback so by definition, that is the better deal financially, that's the way it is set up[/quote]
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