Volkswagen and Volkswagen Credit will waive up to six months of payments for qualified new customers who lose their jobs
Volkswagen of America and Volkswagen Credit (VCI) is expanding the Community-Driven Promise including new payment assistance for eligible customers who lose their job due to economic reasons. For qualified customers who purchase a new vehicle and lose their jobs due to economic reasons, VCI will waive up to six months of payments, up to $750 per month, providing some financial relief in these uncertain times.
This global pandemic and the economic uncertainty that came with it has many of us facing difficult choices and we don’t want purchasing a new vehicle to be one of them. We want our customers to know that if the unexpected happens, we’re here to help.—Scott Keogh, president and CEO, Volkswagen Group of America
This job loss payment assistance applies to customers who purchase a new vehicle and finance the purchase through Volkswagen Credit, and is not currently available in New York. To be eligible, customers must be receiving unemployment benefits, and the unemployment must occur for economic reasons after the first 90-days of ownership.
Customers must also have been employed on a full-time basis at least 12 consecutive weeks prior to the unemployment. The benefit expires 12 months from date of purchase. Other conditions and limitations apply. For more details about the job loss payment assistance component of the Community-Driven Promise, visit VW.com/the-community-driven-promise/.
Also as part of the Community-Driven Promise announced 3 April, Volkswagen is giving highly qualified new buyers the option of delaying their first payment for up to 180 days and is offering zero-percent APR financing for up to 72 months for most new vehicles. The program is set to run through 30 April.
Volkswagen is also making it easier to purchase a Volkswagen Certified Pre-Owned vehicle with zero percent APR financing for 60 months for highly qualified customers through VCI. This offer ends 30 June 2020.