TomF62003 wrote: ↑ https://www.hyundaicanadathetaengineset ... om/en/home
https://www.hyundaicanadathetaengineset ... com/en/faq
Bought car in 2012 Dec for $23000 tax inc, traded in 2019 for $8000.No engine problem.
Just received letter.
Yeah seems like a great deal for OP. Usually dealers don't give much vs private sale prices.CuriousJack wrote: ↑ Off topic...that was a great trade-in at $8K. Its like you've leased it for $15K/7 years.
I am thinking of the $140.This is RFDzobi123 wrote: ↑ If your Settlement Class Vehicle (i) experienced a Loss Event that would have led to a Qualifying Repair (such as an engine seizure, engine stall, engine noise, engine compartment fire, or illumination of the oil lamp diagnosed as requiring repair of the engine block), AND (ii) you sold or traded-in the Settlement Class Vehicle without first getting the recommended Qualifying Repair before the Pre-Approval Notice Date, you may receive compensation for any effect on fair market value of the Settlement Class Vehicle that resulted. You may also receive an additional payment of $140.00.
The amount of compensation will be based on the sale or trade-in transaction as a whole and the vehicle’s mileage on the date of the Loss Event that would have led to a Qualifying Repair (among other considerations).
The vehicle’s maintenance history before the repair diagnosis will not be a basis for denying or limiting compensation under this section (except in cases of Exceptional Neglect as defined above).
Doesn't look like you would get anything, it would only matter if your engine failed and then you traded it in.
Ummm Veloster Turbos are 1.6L not 2.0L or 2.4LMaster2031 wrote: ↑ Well this is interesting. I bought a brand new 2013 veloster turbo back in 2012. Had engine issues . Had to sell it as is a few years back. Wondering I qualify for anything ...
You are referring to the US class action. The Canadian is different.zobi123 wrote: ↑ If your Settlement Class Vehicle (i) experienced a Loss Event that would have led to a Qualifying Repair (such as an engine seizure, engine stall, engine noise, engine compartment fire, or illumination of the oil lamp diagnosed as requiring repair of the engine block), AND (ii) you sold or traded-in the Settlement Class Vehicle without first getting the recommended Qualifying Repair before the Pre-Approval Notice Date, you may receive compensation for any effect on fair market value of the Settlement Class Vehicle that resulted. You may also receive an additional payment of $140.00.
The amount of compensation will be based on the sale or trade-in transaction as a whole and the vehicle’s mileage on the date of the Loss Event that would have led to a Qualifying Repair (among other considerations).
The vehicle’s maintenance history before the repair diagnosis will not be a basis for denying or limiting compensation under this section (except in cases of Exceptional Neglect as defined above).
Doesn't look like you would get anything, it would only matter if your engine failed and then you traded it in.
