Here at the Car Pro Show, we have covered the topic of the VW Diesel scandal closely for you.
We posted the settlement info on our website a few days ago, but thought a simpler Q&A page might be of help to you also.
Q: What are my choices?
A: You have decisions to make.
In either case, VW will pay you $5,100 to $10,000 for your trouble, depending on the age of the car. Buybacks will begin this fall if the settlement is approved. Owners will have until Sept. 1, 2018 to make a decision, giving you plenty of time to decide what you want to do.
Q: Is it better to take the buy back or have my car fixed and keep it?
A: It depends. From a financial standpoint, it’s best to wait because you can keep driving your car for two years or even longer before you have to decide. If you wait, you’ll still get the clean trade-in value from before the scandal was made public. But you’re continuing to pollute the air while you drive. If you like driving your older diesel, you should keep in mind that any modifications will be extensive and will likely hurt your gas mileage and performance. If your car is newer, say from 2014, the repairs will probably be less extensive and may not be so noticeable.
Q: Can I keep my car the way it is?
A: You could, but eventually you would violate the Clean Air Act by spewing too much nitrogen oxide. If you live in a state that doesn’t test diesel cars, like Texas, then you might be able to do nothing. But in states that have pollution tests, you run the risk of being caught.
Q: Do I have to pay any Attorney fees to participate in the settlement?
A: No. They are not included in the settlement and will be negotiated later.
Q: I love diesels but not sure I want another VW. What are my choices?
A: Your choices are pretty limited because VW had a lock on lower-cost diesels in the U.S. The closest would be the Chevrolet Cruze diesel, but it was made only through the 2015 model year. There could be a few still at dealers around the country starting at $25,660. Otherwise, the options get pricier. The BMW 328D diesel starts at $39,850, and the Jeep Grand Cherokee diesel starts at more than $41,000.
Q: So, if I want to, can I get a new VW diesel now?
A: Volkswagen has been under a stop-sale order for its 2016 diesels until they can be fixed. Once they are repaired, you could buy one, but you run the risk of reduced performance depending on the repairs. This is still unknown.
Q: I don’t see any settlement info on the V6 models. What will happen?
A: That’s still being worked out by all the attorneys. You are not covered by the package announced Tuesday.
Q: If I buy a VW diesel today, am I able to get the compensation?
A: Yes. The eligibility for the compensation transfers to the new owner. Former owners who sold their VW diesels between Sept. 15, 2015, and June 28, 2016, are also eligible for some compensation.
Q: Other than CarProUSA.com, where can I find the latest information going forward?
A: You should regularly check the official settlement websites: www.vwcourtsettlement.com, or if you have an Audi diesel, it is www.audicourtsettlement.com