Originally Posted By: LoneRanger
Actually if you plan to keep your TDI a very long time and get the long term usage out of it that it is capable of, this is a very great deal. There is nothing wrong with the cars other than the emissions issue, and getting paid to keep a car you love, well how can it get better than that.
Originally Posted By: Quattro Pete
It's unclear whether you will be able to keep it. If VW can't fix it, then they'll have to buy it back from you. I'm guessing you won't get the $10k (or whatever) unless you agree to the buyback.
You would get compensation for either buy-back, or have the car fixed. But no comp if you keep your car the way it is, without fixing emission control.
Quote:
But now, given the company's
two options, we'd be crazy to keep it. According to the settlement, owners can elect to have Volkswagen buy back the car for a price reflecting the September 2015 value, right before the diesel story broke. For drivers taking the buyout, the company will also pay "additional compensation" of between $5,100 and nearly $10,000, depending on the vehicle. The combined payout for my 2010 model is $14,775 to $16,607
Quote:
Karl Brauer, senior analyst at Kelley Blue Book, thinks owners will also appreciate not "being forced down one pathway" by also having a second option, which is to wait to see if the EPA will approve an engine fix and then deciding whether to accept it. (This group will also receive the additional compensation of up to $10,000.) The modification, however, could reduce the engines' performance and gas mileage, experts say. One colleague and happy Golf GTI owner said he couldn't imagine what kind of "weird, cobbled-together plumbing" they'd have to use; he's also planning to sell.
https://www.yahoo.com/news/volkswagen-suddenly-worth-much-more-184100088.html