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Volkswagen has agreed to buy back, terminate leases or provide approved emissions modifications for nearly 600,000 affected vehicles in the U.S..
There are two options for the affected Volkswagen car owners: a buyback by VW, or modifications to keep your vehicle up to regulation standards.
The estimated amount Volkswagen will pay for your vehicle, based on its trade-in value as of September, 2015 plus additional compensation.
If you decide to keep your vehicle and VW repairs it, this is the estimated restitution amount for vehicle owners as determined by the settlement.
There are two options available to owners, the first is a buyback option, in which the owner sells their car back to VW and accepts a cash payment. The second option is to keep the vehicle, get a free modification to reduce emissions (if VW’s modification is approved by the EPA and CARB) and receive a cash payment. For lessees the amount will be the same whether you choose a Lease Termination or an Approved Emissions Modification or no longer have an active lease.Payouts for all expected models can be found with this tool. Just enter your year, make, model, and features and we’ll tell you how much you can expect to receive once the buyback has been approved.
VW and US regulators announced that over 482,000 vehicles are affected. Most of them are VW vehicles, but also a small number of Audi and Porsche Diesel vehicles are also affected. All of the models affected are either 2.0L or 3.0L diesel engines. US regulators REJECTED VW’s proposed settlement for 3.0L engines (mostly the Audi and Porsche cars) so there is no settlement there yet. For the 2 liter vehicles, here is a list of eligible cars:Affected and Eligable 2.0 liter diesel models and model years• Jetta (2009-2015)• Jetta Sportwagen (2009-2014)• Beetle (2013-2015)• Beetle Convertible (2013-2015)• Audi A3 (2010-2015)• Golf (2010-2015)• Golf Sportwagen (2015)• Passat (2012-2015)The judges working the case have rejected VW’s proposed settlement for the 3.0L vehicles. Something will happen, we’re just not sure of the timeline yet. These vehicles are: Affected NOT ELIGIBLE (yet)• Volkswagen Touareg (2009-2016)• Porsche Cayenne (2013-2016)• Audi A6 Quattro (2014-2016)• Audi A7 Quattro (2014-2016)• Audi A8 (2014-2016)• Audi A8L (2014-2016)• Audi Q5 (2014-2016)• Audi Q7 (2009-2016)
VWCourtSettlement.com is the official site. You can always check there!
You can contact the Volkswagen claims center at 1-844-98-CLAIM if you have questions about the your claims amount or how to submit a claim.
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Volkswagen have recently agreed to a $14.7 billion settlement for customer buybacks, early lease terminations, and restitution payments over the emission cheating scandal. This settlement will allow owners of affected diesel vehicles the repurchase price of their vehicle as of September 18, 2015 (when the scandal was first exposed), and an additional $5,100 - $10,000 depending on the vehicle’s model, mileage and year. Affected VW owners will have until May 2018 to decide. This comes in addition to the $1,000 goodwill package already extended by VW to affected owners.
The Latest on the VW Diesel Settlement
The US court has granted final approval for the proposed Volkswagen settlement, in which the automaker will spend up to $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars that were impacted by its false advertisement of emission levels. Over 311,209 owners out of the affected 475,000 vehicles have registered for the offer to date.
Here is an overview video on the settlement process:
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