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.

If you're shopping for a new car, I recommend you use TrueCar No Haggle and CarsDirect to quickly see what kind of deals are being offered in your local area.