Thursday, 1 September 2016

Cash Money: Owners of Cheaty VW TDI Diesels Prefer Buybacks to Fixes

Leave a Comment
http://ift.tt/2bGlleY

landscape-1446585489-2015-golf-tdi-3950

So far, the majority of Volkswagen TDI owners who’ve joined the company’s settlement have chosen to sell their cars back at above-market rates.

According to Automotive News, greater numbers of the 210,000 owners and lessees want the buyback instead of a cash payment and a free fix. The numbers vary depending on age, equipment, and mileage, but it seems that owners are opting for the simplest way out. Volkswagen must pay the trade-in value for a clean car listed under the NADA guidelines, plus $2986.73 and one-fifth of the car’s determined trade-in value.



Considering that Volkswagen offered the choice of cash payments from $5100 to nearly $8000 and buybacks between $12,475 and $34,000, we’re not surprised by owners swaying toward extra cash. Of course, a buyback means they’ll need to buy a replacement car, which might not be worth the effort or the extra cost. Another quarter-million or so eligible Volkswagen drivers have not made up their minds yet.


Let's block ads! (Why?)



from Car and Driver BlogCar and Driver Blog http://ift.tt/2bGmx25
via IFTTT

0 comments:

Post a Comment