Effective Dates: February 1, 2013 - January 02, 2014
Eligible Vehicles
• Any new, near new, and Certified Pre-Owned Volkswagen models
Eligible Programs and Customer Benefits
• Leasing: Security Deposit is not required (paid by Volkswagen Credit); first month’s payment limited to $800 (paid by VWoA) for new & near new vehicles
• Retail/Driver’s Option: First month’s payment limited to $800 (paid by VWoA) for new & near new vehicles
• Certified Pre-Owned: Qualify for the program, but do not qualify for the first month payment waiver
• Special & Standard Programs
Requirements
The dealer must provide the following information for each applicant prior to approval:
• Must be within six months of graduation or have graduated no more than 24 months prior to the date of his/her credit application, from a 2- or 4-year accredited U.S. or Canadian college or university with one of the following degrees: Associate's, Bachelor's, Master's, Doctoral, or Nursing degree (RN or LPN)
• Written verification of graduation status is required via copy of diploma or official letter from University Office of Records and Registration with official signatory affixed
• Must provide phone number of school's Registrar's Office
• Monthly payment cannot exceed 25% of gross monthly income
• Employed full-time or have verifiable commitment of employment from future employer within four months. (Pay stub or job letter). Must provide a contact name and phone number for someone in the Payroll or Human Resources Department of the applicant's employer or future employer.
• No credit history required; however, established history must be in good standing and have no previous derogatory credit
• Must provide two personal references of individuals residing in the United States who can be contacted directly
• Signed credit application
• Qualification under this program is subject to verification prior to approval
• Advance is subject to normal A Tier Quality Advance Parameters
