Federal Judge Clears the Way for 500,000 Owners of VW and Audi Clean Diesels to Receive Compensation
Most owners of the VW and Audi diesel cars fitted with illegal emissions defeat devices will receive between $12,500 and $44,000
A federal district court judge in San Francisco signed a settlement order from the Federal Trade Commission (FTC) on Tuesday, which opens the formal process for owners of certain Volkswagen (VW) and Audi 2.0 liter diesel cars to receive compensation for the vehicles they bought.
The affected vehicles include model year 2009 through 2015 Volkswagen TDI diesel models of the Jetta, Passat, Golf and Beetle, as well as the TDI Audi A3.
Back in June, Volkswagen agreed to spend up to $14.7 billion to settle allegations of cheating emissions tests and deceiving customers. That agreement comes in the form of two related settlements, one with the United States and the State of California, and one with the FTC.
Under terms of the $10 billion FTC settlement order, most owners of the VW and Audi diesel cars fitted with illegal emissions defeat devices will receive between $12,500 and $44,000 each. Final compensation amounts will depend on vehicle model, year, mileage, and trim of the car, as well as where the owner lives.
In a new blog post, Road Cleared for VW to Compensate Consumers, FTC Chairwoman Edith Ramirez said that the landmark settlement will enable 500,000 consumers across the country to sell back their tainted diesel-powered cars to Volkswagen. "The $10 billion order secured by the FTC will make consumers whole by remedying the losses they suffered due to VW's deceptive "Clean Diesel" ad campaign," she wrote.
The FTC has also issued a new consumer blog post, VW Buybacks and Lease Terminations to Begin, which provides additional background information on the Volkswagen settlement order, along with detailed instructions for affected owners regarding how and where to file a claim, and the claim-processing timetable. It also tells consumers how and where they can pick up their buyback check, specifying that they do not have to be used to buy a new Volkswagen.
Earlier this year, the FTC warned consumers about possible scams involving Volkswagen buybacks in a consumer blog post titled VW Owners, Get the Facts. At the same time, the Commission posted a business blog emphasizing that it would be unwise for anyone, including VW dealers, to make separate offers to the owners of affected vehicles.
If you believe that your vehicle is eligible for the VW buyback, visit VWCourtSettlement.com.