(Bloomberg) -- Nine months after the Volkswagen AG scandal shocked the world, the carmaker has reached an agreement with regulators and car owners.

The settlement, if approved by the federal judge overseeing the case, will let owners of about 500,000 2.0-liter diesels sell their cars back to VW or wait for the company to come up with a fix that passes muster with environmental authorities.

Here’s what to expect:

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So what do I get?


For starters, car owners will be eligible for a payment ranging from $5,100 to approximately $10,000 per vehicle. The amount will be based on the age and mileage of the car.

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