VW Agrees to Buy Back Diesel Cars
If you currently own a 2009 - 2015 diesel Volswagen, you may finally be getting compensated for the diesel-cheating scandal. Volkswagen agreed to buy back nearly 500,000 diesel cars as part of a settlement with the Environmental Protection Agency.
Details will be finalized this summer, and owners of Volkswagen and Audi-brand 2.0-liter diesel cars will receive “substantial compensation”, either through a buyback or combination of fix and cash payout.
Nothing has been decided yet for owners of Audi, Porsche, or Volkswagen vehicles with larger 3.0-liter V-6 TDI engines. Rumors suggest Volkswagen will provide $5,000 compensation for those owners.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid