Volkswagen has offered a generous compensation package to owners and lessees of diesel vehicles found to violate clean-air laws that applies to commercial and fleet users, according to a company spokeswoman.
The compensation comes under a proposed settlement that won't likely be finalized until the fall and must be approved by a federal judge. Under the proposal, Volkswagen will buy back eligible vehicles at pre-scandal prices or offer to repair them. Vehicles bought back are also eligible for an additional payment of $5,000 to $10,000.
Lessees have the option of canceling the lease without facing an early termination penalty. It's likely that fleet management companies or fleet users holding title to the vehicles would be eligible for the compensation rather than fleet lessees.
The settlement covers the 2.0L TDI engines in approximately 475,000 vehicles, including 460,000 VW vehicles and 15,000 Audi vehicles.
For the latest updates and to check eligibility, fleets can visit VW's settlement website here.
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