Pictured: Hyundai Ioniq Plug-In Hybrid

Now that the Dieselgate settlement has been approved, current owners of TDI Volkswagens will be hitting the market with a lot of cash to spend. Hyundai hopes to grab a bunch of them with a new program that offers big discounts on their entire lineup.

According to CarsDirect.com, Hyundai just rolled out a discount program aimed at TDI owners called the Hyundai Circle V-Plan. It’s basically the company’s friends and family discount program, which most all automakers have, except applied to Volkswagen diesel owners. If you own a such a car, you can qualify for special pricing based on the following formula:

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  • Invoice price (including destination)
  • Minus 3 percent of MSRP (not including destination)
  • Minus $1250 V-Plan cash
  • Minus any additional incentives that apply

The discount applies to most of the cheating diesel Volkswagens, including 2009-2015 Jettas, Golfs, Passats, Beetles and the Audi A3.

Here’s how it works: Let’s say you have a Golf TDI and wanted something similar in size, like the 2017 Elantra GT. The GT has a starting MSRP of $20,635 including destination.

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According to TrueCar.com, the dealer invoice price is $20,206. Under the V-Plan you would get a discount of 3 percent of the MSRP minus the destination fee $20,635 -($835 x .03) which works out to an additional $594 under the invoice price for a remainder of $19,612. Then you subtract the V-plan cash of $1250, and you are left with $18,362. But the discounts don’t end there—Hyundai is going to give you an additional $500 for owning a competitor’s car and an extra $2000 for taking the 1.9% financing for 60 months.

So your brand new Elantra GT could be as low as $16,132, before taxes and fees.

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Now suppose you had a Passat TDI and you want something about the same size with comparable fuel economy. If you really want to get a deal and still maintain some awesome MPG, you should check try and find a leftover 2016 Sonata Hybrid. The Sonata Hybrid gets up to 45 MPG highway and has a starting MSRP of $26,835. With the V-plan pricing, you would get the price down to $23,829 and then Hyundai is going to give you an additional $1000 competitor cash and $4000 retail bonus cash, provided you don’t take the low APR offer. That means you can buy a new 2016 Sonata Hybrid for as low as $18,829, before taxes and fees.

By using tools like Hyundai’s website that advertises all current offers and third party sites like TrueCar and Edmunds to find dealer invoice cost, you can figure out your own estimates to see who much you will save on any Hyundai model.

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Of course, it is important to look at all the details on these offers and know that some rebates cannot be combined with certain financing offers and that you may qualify for additional incentives and dealer discounts.

When you go shopping make sure you get all the pricing details broken down and focus on the total out the door cost. Hyundai’s Circle V-Plan ends January 3, 2017.

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(H/T to AlBosnien)