Volkswagen agrees to buy back certain vehicles in $10 billion settlement
Volkswagen recently agreed to a settlement with the Federal Trade Commission that will provide upwards of $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars.
VW had claimed 500,000 cars had low levels of harmful emissions, but they were actually much higher.
VW will also buy back affected cars for thousands of dollars more than their current replacement value as compensation for the company’s untrue emissions claims and for the trouble of replacing the car. And if environmental regulators approve a modification to the cars, people who own or lease will have the option for VW to implement the modification and receive money in compensation.
If you own one of these cars, visit VWCourtSettlement.com. At the site, you can enter your car’s vehicle identification number (VIN) and find out how much you can get. Or you can call 844-98-CLAIM and ask.