$10 billion for consumers over VW’s false clean car claims

Under a partial settlement filed today by the FTC, Volkswagen is agreeing to provide up to $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars that it claimed had low levels of harmful emissions, but did not. It’s the largest false advertising case in FTC history. Nearly 500,000 cars are affected.

Under a related partial settlement with the US Department of Justice and California Attorney General, Volkswagen will spend an additional $4.7 billion to mitigate pollution and make investments that support increased use of zero-emissions vehicles. This partially resolves allegations by the US Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) that Volkswagen violated the Clean Air Act and the California Health and Safety Code.

Here are answers to some questions you may have if you own or lease an affected car.

What are the options?
 

Current Volkswagen or Audi 2.0 liter diesel vehicle owners and lessees can choose: a buyback of your car or early lease termination or if approved by EPA and CARB, a modification to your car to improve emissions and cash. Some former owners and lessees also are eligible to receive cash.

How can I find out if my car is covered?

Visit VWCourtSettlement.com. Enter your Vehicle Identification Number (VIN) to see if your car qualifies. In the future, VWCourtSettlement.com will allow you to check how much compensation you will receive and register for compensation.

How it works

What models and years are covered?

The settlement covers these models and years:

VW Beetle, 2013-2015. VW Golf, 2010-2015. VW Jetta, 2009-2015. VW Passat, 2012-2015. Audi A3, 2010-2013, 2015.

How much will I receive for a buyback of my car?

The amount you will receive for a buyback will depend on the particular model, year, body style, mileage, where you live, and certain options, like a power sunroof or navigation system. You will be compensated based on the value of the car at the time Volkswagen’s deception became public, as well as for the costs associated with purchasing a new car and Volkswagen’s deception. 

Right now, you can use these charts to estimate how much you will receive:

These factors also affect compensation:

When will EPA and CARB announce whether they have approved a modification?

First, Volkswagen must submit its proposed modifications for EPA and CARB to review. The earliest any modification could be approved would be Fall 2016, and it may be later than that.

Will I receive more information in the future about my options?

Yes. After the settlements are approved by the court, you will be mailed notifications from Volkswagen and the attorneys representing owners and lessees.

Where can I get more information?

The most comprehensive and up-to-date information will be at VWCourtSettlement.com. You also may call 844-98-CLAIM.

Tagged with: advertising, car, green
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Money & Credit

Comments

where is my car

So what if EPA and VW cant agree on a fix? Then I get nothing?

Is the buy back only for a new VW product? Or can I do the buy-back and get any car I want?

The settlement says that if you own a car that is covered by the settlement, you could choose to have VW buy back your car, or choose to keep your car and have VW modify the car and give you cash.

You can get more information at VWCourtSettlement.com (link is external).

The Buyback is giving you cash. Go spend it where you like.

Hi,

According to the nice graph above, if you do a buyback, it states that no " + cash" is given. But if you go to the VW websitementioned above ( vwcourtsettlement.com ) they state Buyback + Cash.

Do we know which one is correct as the settlement states otherwise but both websites for VW and Audit state the opposite/ as well as the news) Thanks in advance, Tim

Thanks for pointing out this discrepancy, and we're sorry for the confusion.

Because a buyback would be in cash, the FTC graphic says "a buyback of your car...," which means cash for you.

The related FTC press release has more details about how the buyback option works.

Just so I'm clear, the calculated "Buyback" from the charts does NOT include the additional "$5,100 - $10,000"?

Please go to VWCourtSettlement.com for the most comprehensive and current information, or call 844-98-CLAIM.

This is crap the 459 a month that I pay less ensuring the car plus the 921 taxes that they had Pay in the month of September for The year !! I am not even breaking even this is not restitution this is me ensuring their car because they know I don't want bad credit and continuing to make my payments that they should've taken over it's no way restitution

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