Second, a real update on the VW situation I blogged a few weeks ago. There's now an official site into which one can put one's VIN to see one qualifies and get an estimate of what they'd buy back the car for. The amount is surprisingly large. I didn't look up the paperwork but I think it's very close to actual purchase price (minus some options we added on). That makes the buyback option much more realistic than I had thought, but it brings up the question of what I'd get instead. A Tesla is still out of the question, unfortunately.
There's also information on the modification option. VW is anticipating that by November they'll have an EPA-approved plan to modify the emissions systems and software and will be able to tell me things like what mileage I'd get, what the impact on performance will be, etc. Those are really the key numbers because while it'd be nice to get my money back and be able to buy a new car I'm not particularly in the market for that. Then again, having the modifications done could be a great deal like getting a new car that might be inferior to my present car.
The settlement documents don't seem to talk about it so I'm guessing "do nothing" is not an option. At some point this vehicle is going to start failing annual emissions testing and not be legal to drive. Which is as it should be - everyone ought to play by the same set of rules. There are also options for not participating in the class settlement but I can't see any advantage to that.