Volkswagen has released a settlement update for 83,000 Audi, Porsche, and VW vehicles with TDI engines. And methinks most owners are going to be Scrooge McDuck levels of happy.
Owners of the 2009-2012 VW Touareg 3.0L diesel have a decision to make. They can accept a buyback offer between $26,000 to $58,000 (depending on model year and mileage) or owners can keep their SUV, wait for VW’s fix, and receive up to $15,380 as compensation for their troubles.
Even previous owners will be eligible for payments ranging from $4,627 to $7,747.
For owners of certain 2013-2016 Touareg TDIs, once VW gets the go-ahead from environmental regulators, they will fix the vehicles without offering any buybacks. However, once repaired, owners and lessees will get compensation ranging from $8,539 to $17,614.
Current lessees will also be given the option to terminate their lease without any penalty.
All this is to say that VW is paying through the nose for cheating on their diesel emissions. In total, more than $1 billion will be going back to consumers. And that number could grow significantly if they can’t come up with an adequate fix.
There’s a breakdown of the details on CarComplaints.com.