I was thinking the exact same thing as you about the mileage. It seems like it makes tremendous sense (economically, not environmentally!) to hang onto my car till the 2018 deadline. But it does seem only fair to allow car owners time to evaluate the fixes VW will do and whether it’s a good idea to take the repair…

Looks like the loans will be paid off with the buyback moneybefore you get any of it. So if you owe $5000 and you get $20000 from them, you would only actually receive $15,000, but your loan would be paid off.

Thank you. This is very helpful. I read the executive summary last night and just did not understand the mileage issue. As I understand it now, there is no penalty for waiting to turn in your car in terms of the repurchase amount you will receive, unless you are driving it a large number of miles every month. I have a…