VW Credit offers expanded protections amid economic crisis conditions

By Product Expert | Posted in Community Information, Dealer Information, News on Friday, April 17th, 2020 at 1:54 am
A photo of the 2021 Volkswagen Atlas Cross Sport parked by some mountains.

How do Volkswagen payment assistance programs work?

Over the last several weeks, all of us have had to receive a crash course in how to sterilize just about everything we own. Businesses have had to make sweeping changes how they serve customers, including Team Gunther Volkswagen. The efforts to help people during these turbulent times has reached the financial arm of our manufacturing partner. So, how do Volkswagen payment assistance programs work? Volkswagen Credit kicked off its Community-Driven Promise campaign on April 3 that gave highly qualified customers the option of deferring. Let’s take a closer look at how the automaker is expanding on that available assistance. 

READ MORE: Can I still take a test drive during lockdown? 

“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,” Scott Keogh, president and CEO, Volkswagen Group of America, said in a press release. “We want our customers to know that if the unexpected happens, we’re here to help.” 

VW Job Loss Protection 

The landscape is constantly changing as we deal with COVID-19. Businesses that are operating today could be forced to temporarily shut down and layoff its works. Volkswagen is ready to stand behind those people. Qualified customers who qualify for this portion of the Community-Driven Promise program will be able to push their first payments up to $750 per month, back for 180 days (six months).

In order to be eligible for the program, the vehicle’s loan must be held through Volkswagen Credit and the job must be lost due to the current economic conditions in the first 90 days of vehicle ownership. Additionally, the loan holder must have been employed full-time for at least 12 weeks prior to losing their job and be receiving unemployment benefits.  

Customers of Volkswagen Credit should visit, www.vwcredit.com, to review their options.  

Contact a Team Gunther VW product expert today if there is something we can do to help you during these turbulent times. 

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