So, I bought my W8 wagon will the full intention of babying it and keeping it well maintained. Everyone kept telling me I'll regret it, and I wanted to prove them wrong. But they were right. It experienced an engine failure that the VW dealer said would cost about $9000 to fix. I'm not technically savvy when it comes to engines, but supposedly there is a little tiny screen around the camshaft, and this screen got sucked in (apparently a common W8 issue). The camshaft assembly needs to be replaced.
Anyway, long story short, my extended warranty company won't cover it because the part that needs to be replaced doesn't fall under their list of parts covered. GEICO doesn't cover engine failures. And the lienholder (Wells Fargo) can't do anything for me. I have $8000 left to pay off the car. So, basically I'll be paying for a car I can't use... an expensive dead weight.
Has anyone been in this situation? What other options do I have? Wells Fargo suggested talking to dealer about getting me in another car... basically trading in the W8. But I don't see how they will want to buy the W8 in that condition. I thought about putting the engine back and trying to trade it in elsewhere. I also thought about getting another W8 engine, but who knows when the next catastrophic failure on that will occur.
Anyway, long story short, my extended warranty company won't cover it because the part that needs to be replaced doesn't fall under their list of parts covered. GEICO doesn't cover engine failures. And the lienholder (Wells Fargo) can't do anything for me. I have $8000 left to pay off the car. So, basically I'll be paying for a car I can't use... an expensive dead weight.
Has anyone been in this situation? What other options do I have? Wells Fargo suggested talking to dealer about getting me in another car... basically trading in the W8. But I don't see how they will want to buy the W8 in that condition. I thought about putting the engine back and trying to trade it in elsewhere. I also thought about getting another W8 engine, but who knows when the next catastrophic failure on that will occur.