What would happen if there was no fix and I wanted to keep the car? No $?
It's very simple. You are not required to hand over your car, either for a fix or for a buyback.
If there's a fix for our Gen 1 cars, once you have the work completed, you'll get a check from VW. Maybe $12K. And I believe an extended warranty may be applied.
If there's no fix for the Gen 1, you have two
Keep the car and carry on
. You won't get any money from VW. You may have issues passing emissions tests at some point in the future, depending on where you live. You may not be able to register/drive the car in California (for instance). You should have already gotten $1K in initial goodwill payments and another $1500 from Bosch. That is all yours to keep.
Or you can choose to turn the car in
for a pretty good return on your investment. Our '10, loaded, with 150K miles on it, will bring us approximately $28K when we turn it in. Not a bad deal, given we've owned it for a couple of years and paid substantially less when we purchased it used from another forum member.
Unfortunately, there's nothing on the market I want more...the Touareg checks most of the boxes. If it were my daily driver, I'd be looking to upgrade to a recent Cayenne TDI with CPO. Since it's not, we'll probably end up either in a 2014-2015 Q5 CPO or maybe a new one. I have to spend some seat time in each...haven't driven a Q5 in a while, and I hear the gen 2 (2018+) is pretty nice.