2010 VW Volkswagen Golf Front carwitter 1400x840 - Is It Possible to Get Value from Volkswagen’s Emission-cheating Cars? - Is It Possible to Get Value from Volkswagen’s Emission-cheating Cars?

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Is It Possible to Get Value from Volkswagen’s Emission-cheating Cars?

18 Oct , 2016  

In September 2015 the Environmental Protection Agency (EPA) discovered that many Volkswagen vehicles being sold in America had cheated on emissions tests.

The German car manufacturer later admitted this was true, with many of their diesel models having a device in the engine which could detect when they were being tested and change the performance to improve results.

It has led to VW recalling thousands of cars and left a number of questions for owners, including whether they can get any value from these vehicles.


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Vehicles Involved

Nearly 600,000 diesel VW cars were affected by the scandal. It was mainly those produced between 2009 and 2015, including the VW Jetta, Beetle, Passat, Golf, Golf and Jetta SportWagen models.

There were also a number of Audi and the odd Porsche car involved as well, as Volkswagen owns both those companies. All vehicles affected have been recalled, so drivers should have been notified, to either be bought back or fixed.




Increased Risk

All the VW vehicles involved in the emissions scandal have been instantly tainted, with any potential buyers believing they may cost a lot more to fuel and run than advertised. This has introduced a heightened risk for sellers of such cars, making them harder to shift with this added risk.

On the other hand, with such large numbers of vehicles recalled it has made owners of these vehicles a lot rarer, which will increase their value in some ways.




Lessened Resale Value

Overall though, most of the vehicles involved in the emissions scandal will have a lessened resale value, which may make it harder to sell through Unbeatable Car. Depending on the value of their car, owners who hang onto any of these models will receive between $5100 and $10,000 plus a free fix, to compensate for the reduced resale value.

This suggests that it is pretty difficult to get much value from selling on any of the cars that formed part of the scandal.




Buyback Program

The best option to avoid losing a lot of value if you own a VW diesel vehicle that was found to have cheated emissions tests, is to allow the German manufacturer to buy it back. They have set out a $10 billion buyback program where owners who purchased one of the models before 17th September 2015 can sell it back for between $12,500 and $44,000 depending on its age, mileage and more.

This avoids the hassle of trying to sell it later should your VW drop significantly in value.





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