Volkswagen diesel owners, you’re one step closer to receiving compensation for your emissions-regulation-cheating TDI-badged VW or Audi. With the VW Group’s settlement plan getting preliminary approval, the company can begin collecting information to compensate TDI drivers as outlined by the United States District Court for the Northern District of California.
The compensation numbers are specific to individuals who purchased or leased a 2.0-liter diesel 2009?2015 Volkswagen Jetta, 2009?2014 Volkswagen Jetta SportWagen, 2010?2015 Volkswagen Golf, 2012?2015 Volkswagen Passat, 2013?2015 Volkswagen Beetle, 2015 Volkswagen Golf SportWagen, or 2010?2015 Audi A3 on or before September 18, 2015. (Note that a solution for owners of VW Group models with the 3.0-liter diesel V-6 is still pending.) Compensation figures are divided into three categories: buyback compensation, emissions-modification compensation, and lease compensation.
Buyback Compensation
According to the court, consumers who choose to receive compensation via buyback will be given the September 2015 National Automobile Dealer Association (NADA) “clean” trade-in-value figure for their vehicle after adjustment for mileage and options, as well as additional compensation in the form of “owner restitution,” defined as $2986.73 plus one-fifth of the car’s value. The court adds that no affected Volkswagen owner will receive less than $5100 in restitution.
In the case of vehicles...