Money

Volkswagen Owners Could Get $5,000 In Settlement From VW

If you’re the owner of a Volkswagen car, you could be in line for a cash settlement, depending on the make and model that you have. Of course, my Volkswagen doesn’t seem to be one of the affected vehicles, so we can’t all be lucky in this scenario.

Why exactly is Volkswagen going to be paying you? Well, the company was caught cheating on its diesel emissions tests and had to go to court over the issue. A trial was set to start this summer, but instead, the company has come up with a way to make things right.

It involves offering $5,000 to the owners of the vehicles that were involved in the scandal, Reuters reports.

car
blondinrikard/Flickr

According to the EPA, the makes and models of the cars involved are:

  • 2009–2015  2.0L TDI
  • 2009–2015 Audi Q7 3.0L V-6 TDI
  • 2009–2016 Volkswagen Touareg 3.0L V-6 TDI
  • 2010–2015 Volkswagen Golf 2.0L TDI
  • 2010–2015 Audi A3 2.0L TDI
  • 2012–2015 Volkswagen Beetle 2.0L TDI
  • 2012–2015 Volkswagen Passat 2.0L TDI
  • 2013–2016 Porsche Cayenne Diesel 3.0L V-6
  • 2014–2016 Audi A6 3.0L V-6 TDI
  • 2014–2016 Audi A7 3.0L V-6 TDI
  • 2014–2016 Audi A8/A8L 3.0L V-6 TDI
  • 2014–2016 Audi Q5 3.0L V-6 TDI

The Penny Hoarder reports that more than 600,000 car owners could be affected. And in addition to the $5,000 they’ll owe each car owner, they are supposed to fix the problems with the car.

So, if you’ve been having trouble passing emissions test, your lucky day could be coming very soon.

No further details about when or how Volkswagen will pay its customers have been released yet, but if you own one of these cars be on the lookout. A check could be in your mailbox any day now!

[h/t: The Penny Hoarder]

Photo by gvgoebel