VW credit Foreign Business Professional Program

Are you a Foreign Business Professional currently working in the United States? If so, you may be eligible for financing through Volkswagen Credit. The contract length will be limited to the length of stay in the United States, governed by the applicant’s Visa, employment letter, employment contract, Permanent Resident Card or I-94 form.

Eligible Vehicles

  • Any New and Near New Volkswagens
  • Volkswagen Certified Pre-Owned vehicles

Eligible Programs

  • Leasing
  • Retail financing

Requirements

Must provide the following:

  • Letter from employer stating applicant’s position, hire date, income and length of stay in the United States.
  • A copy of the applicant’s United States Social Security Card.
  • If Social Security Card is not yet available, we will accept documentation from the Social Security Administration confirming the applicant’s social security number. This can be submitted at the time of application or as part of the Funding package.
  • Copy of Visa with expiration date (with picture blacked out).
  • For applicants who plan to extend their stay beyond the date shown on their Visa, we will accept the length of stay in the U.S. shown on the applicant’s employment letter, employment contract, Permanent Resident Card, or I-94 form in order to determine the specific finance terms.
  • Monthly payment cannot exceed 25% of gross monthly income.
  • Minimum gross income of $45,000 per year.
  • Three personal references who reside in the United States.
  • Verification of residence and phone number.

Qualification under this program is subject to verification prior to final approval and funding. All contracts are subject to specific conditions regarding down payment, cap costs reductions and security deposits.

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Posted on May 21, 2011, in offers, Volkswagen, VW credit. Bookmark the permalink. 3 Comments.

  1. Before I bought a Golf, I could get a Japanese car financing for 5 years without the hassle of all these documents.

    Even when I took delivery of the Golf last week, I could get up to 6 years financing through a credit union without the documents.

    What advantages are there to people like us to go to VW Financing?

  2. With all due respect Jay but this is a joke honestly, when i came to this country with an L1 visa i went to a Toyota dealer and bought a car they only ask me for driver lic.,proof of insurance and pay stub and social that was all very simple and easy, there was no need for all the non sense you mention regarding letter from employer minimum wage required I-94, VW like this is making it very difficult and time consuming just to gather all that info in other for later wait to get approval no thank you ill go to another dealer friendly…. less complicated.

  3. Despite the previous feedback Jay, I think this plan could make a lot of sense depending upon the individual’s situation. I’ll be relocating to the US next month myself on an L1A visa, with no prior credit history in the country, and very limited options as a result. It looks like this scheme could be just what we need to get a vehicle organised and build our US credit history. I’ll be sure to stop by the local dealer in our area and look into our options. Thanks!

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