30 Aug '16, 6pm

Volkswagen Diesel Car Drivers Choosing Buybacks Over Fix-its

Volkswagen Diesel Car Drivers Choosing Buybacks Over Fix-its

Owners and lessees of affected Volkswagen diesel cars are reportedly choosing buybacks over fix-its. To date, according to Automotive News , almost half of 475,000 owners and lessees of Volkswagen AG diesel cars sold in the U.S. have registered to participate in the preliminary court settlement following VW’s diesel emission cheating scandal. And of these 210,000 owners and lessees in the program, most want the buyback, said lead plaintiff’s attorney Elizabeth Cabraser. Vehicle owners can choose a buyback, or a visit to a VW dealer for a fix-it repair job on their car. They can choose to receive a buyback price plus at least $5,100. Total compensation for owners and lessees who choose the buyback will range from a low of about $12,500 to a high of about $44,000, U.S. officials said to Automotive News after the preliminary settlement was announced in late June. The federal ...

Full article: http://www.hybridcars.com/volkswagen-diesel-car-drivers-c...

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