Volkswagen Credit Auto Loan

Volkswagen Credit Auto Loan Review

Volkswagen Credit Auto Loan is offered by Volkswagen Credit, a financial services company founded in 1981 and based in Libertyville, OR. Volkswagen Credit Auto Loan are available in 50 states (and Washington, DC).

VW finance FAQ

How much can you borrow via VW finance?

VW finance loan amounts start at $10,000 and go up to $100,000.

What APR does VW finance offer on its car loans?

VW finance offers a fixed apr car loan product that ranges from 0.9% APR up to 11.9% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with VW finance?

VW finance has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does VW finance charge an origination fee?

Yes, VW finance may charge a loan origination fee.

Does VW finance charge a late fee?

Yes, VW finance charges borrowers with a late payment penatly fee

Does VW finance charge prepayment fees?

Yes, VW finance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my VW finance loan?

Yes, you can. However, VW finance charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Volkswagen Credit Auto Loan?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Volkswagen Credit Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Volkswagen Credit Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Volkswagen Credit Auto Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via Volkswagen Credit Auto Loan. Their rates fall within the limits of The Military Lending Act.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a car loan via VW finance?

VW finance will typically approve (or deny) a car loan application within 24 hours and fund the car loan within 7 business days of approval.

Is Volkswagen Credit a legit company?

Volkswagen Credit was founded in 1981, it is a well-established company that has been in business for 42 years. Volkswagen Credit Auto Loan are strongly not recommended by SuperMoney community users.