Hyundai Offering Discounts to VW Owners

If you're one of the VW owners affected by the diesel scandal, here's something you should know: Hyundai is introducing a friends-and-family program for Volkswagen owners and lessees affected by the scandal. The program offers potentially thousands of dollars off a new Hyundai.

The program offers a flat discount plus additional incentives. To qualify, a VW owner must have bought or leased their VW or Audi A3 before Sept. 18, 2015, and show their official settlement letter.

The overall incentive is worth about $1,200 to $2,000 depending on which vehicle you buy. Cars.com has more details on the offer, with an example deal that goes over the calculation to determine how you figure out the exact incentive.

Before jumping on these deals however, I recommend waiting to see what other manufacturers offer, and see what VW offers these owners. There are over 400,000 VW owners affected by this, and they will need to buy a new car, so everyone is chomping at the bits to get this market share.

As always, if you're shopping for a new car right now, I recommend you use TrueCar No Haggle, CarsDirect and RydeShopper to quickly see the best deals being offered in your area.