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How do I claim my Volkswagen settlement?
To file your claim in the Volkswagen / Audi 2.0-L Diesel Emissions Settlement Program, you may: (1) File a claim online by visiting www.VWCourtSettlement.com. Online claim submission will result in expedited processing of your claim. If submitting by U.S. mail, the envelope must be postmarked by September 1, 2018.
Do I have to pay taxes on the VW settlement money?
”In general, any settlement you get for something other than personal physical injury or sickness is taxable. Most other [legal] settlements, such as for back pay and punitive damages, are taxable.
How much will VW pay for buyback?
VW owners who had their vehicles when the scandal erupted in September 2015 have two options. They are generally eligible for a vehicle buyback ranging in value from $12,500 to $44,000. Or they can get their car fixed to make it legal and receive a payout ranging from about $5,000 to $10,000.
Will Volkswagen buy back my car?
Volkswagen Choice. Guaranteed Future Value Program At the end of your loan, you have the option to trade in, retain or return your vehicle. The choice really is yours.
What does VW do with buyback cars?
Anywhere you can, apparently. The company is keeping them in 37 so-called secure storage facilities scattered across the country, including a former football stadium outside Detroit, a shuttered Minnesota paper mill, and an abandoned airport in Victorville, California, that also stores decommissioned airplanes.
How many cars did VW buy back?
VW bought back 300,000 cars after its Dieselgate scandal and now they're sitting in 37 parking lots around the US. 300,000 VWs that the carmaker bought back from owners are sitting in parking lots around the USA. The vehicles will be sold to dealers or resold through used-car auction houses.
How much has Volkswagen paid?
U.S. authorities have extracted $25 billion in fines, penalties and restitution from VW for the 580,000 tainted diesels it sold in the U.S. In Europe, where the company sold 8 million tainted diesels, VW has not paid a single Euro in government penalties. There's no doubt that Oliver Schmidt was guilty.
What is the Volkswagen settlement?
Volkswagen agreed to spend $14.7 billion to settle allegations of cheating emissions. The settlement is divided into three distinct parts. Ten billion dollars of the settlement money will be used to buy back or modify diesel vehicles from consumers.
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