Can I still claim against VW?
Yes. If you have an affected vehicle, whether it was purchased new or second hand including on finance, hire purchase, personal contract purchase or leased. You can also claim if you have sold the affected vehicle, provided that you have proof of ownership/leasing.
Will I get compensation from VW?
VW has spent about £25 billion globally so far on legal costs and compensation relating to the case. In the US, the car company agreed payouts to drivers of between $5,100 (£4,150) and $40,000 (£32,520) depending on makes and models. Compensation ranges in Germany and Australia were lower.
How much is my Volkswagen settlement worth?
While the settlement reached with Volkswagen is subject to Federal Court approval, about 100,000 owners could expect an average of $1400 each.
Do I have to pay taxes on the VW settlement money?
In the case of property, if the settlement merely restores your original value, it's not taxable, but if it enriches you beyond where you were before, it is taxable.
How much is the Bosch settlement?
Bosch will pay the all-inclusive amount of CAD $9,270,000 in exchange for a final release of the Emissions Claims of Bosch Settlement Class Members, and other related provisions. A full copy of the Bosch Settlement can be viewed here.
Who is eligible for VW settlement?
Under the settlement VW must offer every owner and lessee of an affected 2.0 liter diesel vehicle the option of a buyback or lease termination. Additionally, VW must offer owners and lessees the option of an emissions modification in accordance with certain performance and design requirements.
Is the Volkswagen settlement taxable?
Lessees. Current lessees would not have any income to report by allowing Volkswagen to repair their leased vehicle. However, current and former lessees should report the full value of their “lessee restitution” payment as income on their tax return.