VW College Graduate Program

Program Benefits

Program Eligibility

• Applicant must be a U.S. Citizen or Permanent Resident.
• 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).
  
  

Eligible Vehicles

• MY19 and MY18 (retail only) - New and Near New VW vehicles qualify for rates/advances.
• MY19 are eligible for $500 bonus. MY18 are eligible only for $500 bonus on retail (See Vehicle Definition and Eligibility Matrix in Financing Handbook).
• Certified Pre-Owned Volkswagen vehicles (Retail Financing Only).
  
  

Rates / Advance

• All original "Tier 2-3" credit tiers will be eligible for approval at "Tier 2" Tier rates and advance.
• All original "Tier 4-8" credit tiers will qualify for "Tier 4" rates and advance*.

Term

• Retail: 12-72 months
• Driver's Option: 12- 48 months
• Lease: 12-48 months
  
  

Dealer Reserve

• Retail/Driver's Option: Maximum APR of 1% above published "Tier 2 or 4" buy rate.
• Lease: Maximum rent charge factor is 0.00040 over the "Tier 2 or 4" base rent charge factor.
• See Dealer Reserve sections for further details.
  
  

Required Documentation

• Bonus Claim Form
• Copy of Proof of Income & Full Time (Permanent) Employment*
• Copy of Degree or Transcript & Contact Information for References**
• Copy of complete & signed credit application

Credit Application Process

1. Dealer submits credit application with special handling code "College Grad Program."
2. Any Red Flag failures must be cleared prior to approval.
3. All original "Tier 2-3" credit tiers will be eligible for auto approval at "Tier 2" rates and advance.
4. All original "Tier 4 and below" credit tiers will qualify for "Tier 4", but will be reviewed by a Credit Analyst for College Graduate Program qualifications and to ensure no derogatory credit is present.
   
   

Other Miscellaneous

• If Volkswagen Credit is not able to validate the supplied documentation within 5 business days, the funding package will be returned to the dealer unfunded.
• Any documents sent to our Credit Department will NOT be transferred or forwarded to our Funding Department.
• There will be no exceptions to the program eligibility.
• Customer is eligible for this program benefits once per degree.
• Qualification under this program is subject to verification prior to approval.
• No credit history required; however, established history must be in good standing with no previous derogatory credit.
• Monthly payment may not exceed 25% of gross monthly income.
• College Grad may be combined with Military/First Responder or DEPP.
  
  

Disclosures

• In order to participate in this program, the $500 bonus must be disclosed on the contract as shown below. NOTE: Amounts shown below increase when combined with other VWoA Customer programs.
• Lease Agreements - Bonus amount must be listed on the "Capitalized Cost Reduction" and "Rebates and non-cash credits" lines in the "Itemization of Amount Due at Lease Signing or Delivery" section: This bonus cannot be used in any other items listed in the amount due at lease signing or delivery.
• Retail Contracts - Bonus amount must be listed on the Manufacturer's Rebate* line in the "Total Down Payment" section. If the contract does not have a "Manufacturer's Rebate" line, disclose the amount on the "Other" down payment line. (See examples below - contracts may vary by state).