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If you have a credit score between 650 and 850, you might qualify for a Volkswagen Credit Auto Loan. To be eligible, you must be at least 18 years old or meet the minimum age requirement set by your state, whichever is higher.
Can I skip a payment with VW credit?
During your financing contract, you may be eligible to extend some monthly payments. Your financing contract will extend an additional month per skipped payment, with interest accruing daily on the extended payments at the Annual Percentage Rate disclosed on your Contract.
Who is Volkswagen Credit through?
VW Credit, Inc. (VCI) is a wholly owned subsidiary of Volkswagen Group of America, Inc. (VWGoA). It was founded in 1981 as a captive finance company for VWGoA to service Volkswagen and Audi retail customers and dealers.
Is it hard to get finance with Volkswagen?
Does Volkswagen Finance Bad Credit? Yes. Its actually easy to get approved through our finance programs. Most car manufacturers are eager to help their customers build or rebuild their credit by offering financing programs and deals exclusively through Volkswagen dealerships.
What is the grace period for VW credit payments?
Volkswagen Credit allows a grace period of seven to 15 days for late payments. Check the details of your lease agreement for an exact time period, and always contact your lender or dealership if you think you might miss a car payment.
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Either way, any skipped or reduced payments will be added on to the end of your repayment term, and interest will continue to accrue over those extra months. In addition, you could be charged a fee for each skipped payment. To find out your options consult your loan agreement or ask your lender.
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