College Graduate Plan

Contact:
Marvin Haney
(877) 707-3095

Eligible Vehicles

• Any new and Near New Volkswagens (see  Near New Vehicle Definition)
• Volkswagen Certified Pre-Owned vehicles (Retail Financing only)

Eligible Programs and Customer Benefits

• Leasing: Security deposit is not required (paid by Volkswagen Credit); VWoA will pay the first month's payment (limited to $800).
• Retail Financing: VWoA will pay the first month's payment (limited to $800).
• Driver's Option: VWoA will pay the first month's payment (limited to $800).

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
  • 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 thereto.
• 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.
• 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.

Foreign College Student Plan

Contact:
Marvin Haney
(877) 928-9780

Volkswagen Credit will extend credit to foreign students who are enrolled in colleges in the United States.

Eligible Vehicles

• Any new and Near New Volkswagen (see Near New Vehicle Definition)
• Volkswagen Certified Pre-Owned vehicles (Retail Financing only)

Eligible Programs

• Retail Financing
• Driver's Option
• Leasing

Requirements

The dealer must provide the following information for each applicant prior to approval:

• Customer must be enrolled in a 2- or 4-year accredited U.S. college or university pursuing one of the following degrees:
  • Associate's
  • Bachelor's
  • Master's
  • Doctoral
  • Nursing degree (RN or LPN)
• Current I-20 form (Certificate of Eligibility for Non-immigrant Student Status)
• Copies of three months of bank statements or other documentation that substantiates stability of funds flow over time.
• Must provide phone number of school's Registrar's Office
• Confirmation from school showing anticipated graduation date
• Confirmation of residence and telephone prior to approval
• Copy of Visa showing expiration date (with photo blacked out)
• Lease or loan maturities will be limited to the anticipated graduation date as stated on the I-20 form documentation furnished by the applicant's school
• Qualification under this program is subject to verification prior to approval
• Social Security # not required