This is what Volkswagen will pay 2.0 TDI Diesel owners
So you're a Volkswagen or Audi 2.0-liter TDI owner – or you used to be – and your big question this morning is "how much is VW going to pay for my car?" The ink is hardly dry on the proposed settlement between the emissions-test-cheating German automaker, regulators in the US, and a suit brought by drivers themselves, but already we have a good idea of what your diesel is worth whether you purchased outright or leased it.
VW has set aside a hefty $10bn in order to pay out to buy back, break the lease of, or repair Volkswagen and Audi cars in the US with the 2-liter TDI engine, but it's not writing each owner a blank check. Instead, there's a fairly complex calculation to be done to see just how much this whole dieselgate saga is worth to you.
First up, there's the decision of whether you want to keep the car. If you're happy with your diesel, VW says it will repair it for you – that is, once a repair process has been agreed with the US Environmental Protection Agency, among others – though that could have some implications for driving experience among other things.
Experts aren't agreed on exactly what such a fix might look like, but it could result in lower power for the cars.
If you want to get rid of your diesel – and the response from owners suggests many are ready to wash their hands of the cheating vehicles – then VW has agreed to either buy it back if you own it outright, or to break your lease.
In the former case, the amount VW will pay depends on the age and specification of your car. The charts in the gallery below detail all of the eligible cars and their various trims, and you can add or subtract value depending on which options you have fitted, too.
Owners could – model depending – get up to $40k back as part of the settlement.
Volkswagen Buy-back Charts:
Then there's mileage, and VW has adjustments to take into account how much the car has been driven. Again, the charts below detail the impact your mileage will have on overall value for each model.
Mileage Adjustment Charts:
If you've leased your Volkswagen or Audi, however, there's a different set of charts to consult.
Again, there are mileage adjustments to be made, along with additions and subtractions that depend on what trim level and extras are in your car.
Volkswagen Lessee Restitution Charts:
Right now, the judge responsible for the case still needs to approve the final settlement proposal, and the FTC warns that these numbers should be considered an estimate.
Volkswagen will be contacting owners and former owners in the US to advise them how things will progress moving forward. The first buy-backs are expected to happen around October 2016; if it comes up with an acceptable fix, VW will be able to retrofit the cars it buys back and then resell them itself.
However, without such an approved fix, all of the cars will have to be scrapped. According to the terms of the settlement, VW must repair or remove from the roads at least 85-percent of the affected 2.0 liter vehicles by June 2019, or it faces further penalties.
If your car has the 3.0-liter diesel engine, meanwhile, these numbers don't apply to you – a settlement for that powertrain is yet to be decided.
There's more detail about what you can expect from Volkswagen as an owner or former owner at the settlement program site below. Punch in your car's VIN and it'll do the calculation for you.