TDI Cash Compensation and Buy Back Options
As part of a historic $15 billion settlement, Volkswagen will be offering substantial compensation to diesel owners emissions scandal. In addition to those payments, owners will also have the option to offload their cars as part of a buy back program.
Options for Owners and Lessees ∞
Owners will have two options.
- Let VW buy back the car for it's pre-scandal value
- Let VW fix it for free
Either way, you will also receive "owner restitution" in the form of a big ole' pile of cash. Well, it'll probably be a check but you get the idea. Some say happiness can't be bought, but those people probably aren't eligible for this program.
Lessees will have the option to terminate their lease without an early termination penalty.
How Much Compensation? ∞
The amount of compensation each owner will receive is somewhere between $5,100 and $9,800. That's a lot of Deutschmarks. The exact amount will vary based on all sorts of factors like the age of your car, its mileage, the options you had installed, and your location.
Owners can look up their vehicle values on VW's court settlement website or use these tables from the FTC to get a better idea of where they stand.
Claims will need to be submitted to VWCourtSettlement.com by September 1, 2018.
Which Cars Are Covered? ∞
The settlement applies to over 475,000 vehicles in the USA with 2-liter TDI engines. That includes:
- 2013-2015 VW Beetle and Beetle Convertible
- 2010-2015 VW Golf
- 2015 VW Golf SportWagen
- 2009-2015 VW Jetta
- 2009-2014 VW Jetta SportWagens
- 2012-2015 VW Passat
- 2010-2013 Audi A3
- 2015 Audi A3
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