The Next Step in the VW Diesel Emissions Scandal
Now that we have a settlement filed its time for VW owners to learn how they can go about having their vehicles taken care of and made right for driving on the roads. The VW models which are equipped with either the 2.0-liter TDI engine or the 3.0-liter version are known to emit up to as much as forty times the allowable emissions when driving. These vehicles are equipped with a defeat device that only turns on the emissions control system when the vehicle is being tested as learned last fall and now Volkswagen is ready to pay up; at least for some of the vehicles.
With the initial settlement in, Volkswagen will pay nearly $14.7 billion to rectify this problem, at least with the 2.0-liter engine vehicles, no settlement or proposed fix has been reached for the vehicles with the larger engine as of yet. The vehicles affected thus far include the VW Beetle from 2013-2015, the Golf from 2010-2015, the Jetta from 2009-2015, the Passat from 2012-2015 and the Audi A3 from 2010-2015.
Those who are eligible to file a claim are any owners or leases that have an affected VW or Audi vehicles as well as anyone who sold one of these vehicles after September 18, 2015, which was the day this scandal was made public. Owners who sold their affected vehicles after that date are entitled to half the compensation of a current owner. Everyone does still retain the right to individually sue Volkswagen if they choose to do so, but this could become much more costly than taking the settlement offered.
For current owners and leases the process is simple to get a claim started, you need to visit VWcourtsettlement.com to begin the process and you will have to choose what you want done with your Volkswagen vehicle, either the fix or a buyback. The page will be opened up on July 26 and you will have until September 1, 2018 to begin the process. This page also gives you the ability to check your VIN to see if your vehicle is covered under this settlement. Most likely you have already received some correspondence from the US Justice Department or Volkswagen regarding your vehicle and will know if your vehicle is part of the settlement or not.
For those who purchase an affected Volkswagen vehicle after this settlement has been signed, which is June 28, 2016 will also be able to receive the repair or buyback that is part of this settlement, but not for the full amount. Even though there has been a stop sale put on these vehicles until proper testing can take place and VW cleared of the scandal, there have been many that have made it to the used market. If you were to purchase a used VW that is affected right now you would be entitled to half the settlement offered to owners who purchased their vehicles new.
The settlement that has been offered allows owners of affected vehicles to have their vehicles bought back from them at the pre-scandal trade in value plus between $5,100 and $10,000 depending upon the vehicle model. This means a total buyback of these vehicles will range from $12,500 to $44,000 based upon the model. For those who want to wait and see what the fix is for this problem you can have the vehicle fixed and still receive a payout that ranges from $5,100 to $10,000. Unfortunately the fix hasn’t yet been approved by the California Air Resources Board (CARB) which is a huge part of this lawsuit.
Unfortunately the vehicles which are bought back will most likely end up in scrap yards. The emissions control system of these cars is already stated to not be allowed to be salvaged, resold or exported, but that does leave a lot of parts of these vehicles that have some value but it’s a wonder what VW will do with nearly 500,000 vehicles that don’t have an engine to operate them. While this isn’t the end of the VW scandal, it is a huge step forward in the settlement of this problem to allow VW to move on.