It quickly shows exactly how much you might get.
Volkswagen now has preliminary approval for its diesel emissions settlement in the United States, which means eligible owners are closer to receiving compensation for their polluting vehicle. These people have a big decision to make, though. They could let VW buyback the model. The other option is keep the car and wait for the automaker to perform a recall repair but still receive some money. The Website Instamotor has created a useful tool to make the choice much clearer.
Users select the model, trim, state, and mileage from drop-down menus, and they check boxes for the vehicle’s additional features. Submit the info, and the tool immediately shows the buyback price and what an owner would get for keeping the car. For example, someone in Michigan with a 2011 Golf TDI four-door with an automatic transmission and 50,001 to 55,000 miles would be eligible for $19,877 for the buyback or $5,802 for hanging onto it.
The eligible models include nearly 475,000 examples of the 2013-2015 Beetle and Beetle Convertible, 2010-2015 Golf, 2015 Golf SportWagen, 2009-2015 Jetta, 2009-2014 Jetta SportWagen, 2012-2015 Passat, and 2010 - 2013; 2015 Audi A3. VW expects the compensation campaign to cost $10.033 billion. An additional $4.7 billion goes toward programs to reduce nitrogen-oxide emissions and improve the infrastructure for zero-emissions vehicles.
While the proposed compensation campaign is a major step forward, VW still has a long way to go before putting the diesel scandal behind it. The automaker still doesn't have repairs for the 2.0-liter and 3.0-liter TDI engines. The company is also working out a way to assist American dealers, and there are calls from European politicians to get restitution for owners there.