Volkswagen to buy back diesel cars as German diesel ban looms
From the 1st April Volkswagen, Audi and Skoda will buy back German diesel cars as bans on the fuel is anticipated across Germany.
The giant German car manufacturer have said it will offer to buy back diesel vehicles if German cities proceed with their plans to ban them and also extended incentives for potential buyers of diesel cars to battle a slump in demand.
The ban can be implemented in German Cities since a court ruling in February allowed for the most polluting diesel vehicles be removed from the streets. Many German cities exceed European Union limits on atmospheric nitrogen oxide, known to cause respiratory diseases.
The Volkswagen buyback offer will apply to new diesel vehicles bought between April 1st and the end of 2018 and kicks in if the city in which the buyer lives or works bans diesels within three years of the purchase.
German car dealerships can offer to buy back diesel vehicles affected by the bans at their current value if their owners at the same time bought a new vehicle that is not impacted by cities’ driving restrictions.
Skoda have said that their guarantee applies to cars bought between April 1st and end-June. The deal is that iif bans are put in place within four years of the purchase date theyn can avail of the offer of buyback. Audi, have said their offer is for leased vehicles.
At the same time, Volkswagen said it was extending to the end of June incentives for customers trading in older diesel models for new ones. The decision is unlikely to be extended to Irish sales until a ban is put in place here, but VW Group has been asked for a comment on the Irish situation.
Full History Check Irish & UK Check Finance Check