Many owners of 2.0 liter Volkswagen diesel cars will soon be able to sell their cars back to Volkswagen for more than their current replacement value as a result of a proposed $10.03 billion deceptive advertising settlement with the Federal Trade Commission.
The FTC is warning consumers that people – including independent VW dealers – may try to make separate offers implying either that an offer is part of the settlement even if it’s not, or that diesel owners covered under the settlement must buy a new VW or Audi.
Owners of these VWs should visit VWCourtSettlement.com to find out how much they can get for their cars. Even though other potential buyers may offer what seems like a good deal, these alternative offers may be less than what car owners can get from Volkswagen under the settlement.
VW diesel owners are under no pressure to act quickly, the FTC said. The buyback program isn’t making payments yet. Consumers also need to know that they can use their buyback money for anything they want.
See the FTC’s consumer blog, VW Owners, Get the Facts! for more information.
