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

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.

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• If You Own a Cheaty 2.0L VW Diesel Car, Here’s How Much Money You Can Expect-
• Volkswagen Submits 4-Cyl TDI Fix for EPA and CARB Scrutiny-
• Everything You Need to Know About the VW Diesel Emissions Scandal -

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.

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