It’s official: Volkswagen will begin the process of buying back thousands of vehicles equipped with “defeat devices” designed to skirt federal emission standards after a judge signed off on a proposed $15 billion settlement between the carmaker and federal regulators on Tuesday. [More]
buyback
Government Warns VW Sellers: Don’t Mislead Diesel Owners About Buyback Program
By 8.9.16
As part of a $15 billion settlement with the federal government, Volkswagen agreed to buy back hundreds of thousands of vehicles equipped with emissions-cheating “defeat devices.” While the lure of receiving more than the current value of their vehicle is presumably high for customers who feel duped by VW, federal regulators want to ensure these consumers receive what they’re entitled to through the settlement. [More]
New Service Lets You Resell Your Old Gadgets At A Fixed Price—For A Fee
By 1.18.08
TechForward, a new company in Los Angeles, provides fixed buyback prices on used electronics like cell phones and iPods. The catch is you pay up front—it’s an added fee when you first buy the device—for the right to resell your gadget to them a year or two down the line, and the amounts they’re offering are usually dramatically lower than what you can get if you sell it yourself on Ebay.
