You're a Volkswagen 2.0L TDI owner who decided to take the buy-back offer. You have a sizeable check in your pocket and decide to go looking for a new car. The folks at Hyundai and Volvo are hoping you buy one of their vehicles and are offering special deals to try and rope you in.
CarsDirect has learned about the offers the two automakers are putting forward to former Volkswagen owners. Hyundai's offer is the Hyundai Circle V-Plan - think Ford's X plan pricing for friends and family. This plan takes 3 percent off the MSRP, plus $1,250 V-Plan cash and current incentives. You'll need to break out the calculator to figure how much you'll save, but it appears to be significant.
As for Volvo, they are offering 5 years of complimentary "Safe + Secure Coverage" - this includes 5 years or 50,000 miles of warranty coverage, free scheduled maintenance, free roadside assistance, and wear and tear coverage for various components. There is also a $750 credit along with a 7-Year/100,000 Mile warranty with free roadside assistance if you go for a Certified Pre-Owned model. On the face of it, the Volvo isn't as generous as the Hyundai one. But Volvo has existing conquest incentives for Volkswagen and Audi owners that switch over. Case in point, the 2016 V60 has $4,500 sitting on the hood.
To qualify for either deal, you'll need to present the Class Settlement letter (Hyundai) or proof of ownership and insurance (Volvo).
Don't be surprised if you begin seeing other automakers offer something similar to draw former Volkswagen 2.0L TDI owners in the near future.