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How to finance a Volkswagen

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Plus, check out VW’s special buying programs for college grads, first-time buyers and more.

Though not quite a luxury auto brand, Volkswagen — which means “people’s car” in German — offers European-made vehicles at midrange prices. If you’re in the market for a new or preowned VW, you have quite a few financing options to consider. And you might even qualify for one of the manufacturer’s special buying programs to save on fees or even score a bonus.

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    How can I finance a Volkswagen?

    Got your heart set on a new VW, but not sure how you’re going to pay for it? You’ve got options. If you have time to shop around, consider taking out a car loan or personal loan from a bank, credit union or online lender. A car loan usually comes with more favorable rates and terms than a personal loan, since your loan is secured by the car you’re purchasing.

    Another option is to finance or lease your car directly through Volkswagen itself. While this is usually faster than going through a bank or online lender, it may not be the most cost effective.

    • Financing with Volkswagen Credit. Volkswagen offers financing directly through its authorized dealers. The special rates offered will vary based on the car you’re looking to buy and where you live. In the past, we saw incentives that included APRs ranging from 0% to 1.9% for up to five years and cashback bonuses of up to $1,000.*
    • Leasing through Volkswagen Credit. If you like to switch up your car every few years, you might want to consider leasing. Essentially, you drive your new VW for a set number of years and miles, then return it at the end of your term or buy out the lease. While deals will depend on where you live and the model you’re looking to lease, in the past we saw offers to lease a 2018 Passat for $189 a month for three years with $2,999 due at signing.*

    Aside from Volkswagen Credit’s special rates and programs, a dealership may offer its own deals including intro APRs, low down payments or special trade-in options. As with all loans, the rates and terms you qualify for will depend on your credit score and financial situation.

    *Rates as of October 24, 2018.

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      Rates last updated November 19th, 2018

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      Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
      Name Product Product Description Min. Credit Score Term of Loan Requirements
      car.Loan.com Car Loans
      Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
      300
      Varies by lender
      Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
      Auto Credit Express Car Loans
      Get connected with an auto lender near you, even if you have bad credit.
      300
      Typically 3 to 6 years
      Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
      LightStream Auto Loans
      Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
      Good to excellent credit
      Flexible terms
      Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
      RateGenius Auto Loan Refinance
      Connect with a network of over 150 lenders to refinance your car loan.
      510
      Varies
      Income of $2,000+/month, vehicle has less than 150,000 miles, no older than 10 model years, loan balance is at least $10,000, debt-to-income ratio: less than 50%.
      LendingClub Auto Refinancing
      Lower your monthly car payments and save on interest through a fast and easy online application process.
      Fair or better credit
      Minimum of 2 years
      Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
      MotoRefi Car Loan Refinancing
      A car loan connection service for borrowers looking to refinance.
      525
      1–6 years
      Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
      LendingTree Auto Loans
      Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
      Good to excellent credit
      Typically 1 to 7 years
      Must be a US citizen and 18+ years old. Must have good to excellent credit.

      Compare up to 4 providers

      Does Volkswagen offer special discounts or programs?

      If you’re a recent college grad, business owner or first-time buyer, you may be able to score a discount by financing or leasing your new car through Volkswagen Credit. Some of its special programs include:

      • College graduate program. Did you graduate in the last two years? Set to earn your diploma in the next six months? You may qualify for a $500 bonus when you purchase or lease a new VW.
      • First-time buyer program. Volkswagen makes it easier for individuals with limited credit history to finance a new or certified preowned VW.
      • Loyalty program. Have you leased a car through Volkswagen Credit in the past? Get rewarded by not having to pay the disposition fee and security deposit on your next lease. Or if you choose to purchase your next car instead, it’ll waive the disposition fee off your current lease.
      • Corporate program. Business owners can lease or finance a corporate vehicle through Volkswagen, though you’ll need to visit a dealership to learn more about eligibility requirements.
      • Foreign business professionals program. Doing business in the US and looking to finance or lease a new car during your stay? Volkswagen may be able to help. You’ll need to make at least $45,000 a year and be working in the US on an employment visa to be eligible.

      How much will a new Volkswagen cost me?

      The cost of your next VW will vary based on your negotiating skills and where you live. However, you can use the manufacturer suggested retail price (MSRP) to gauge how much you may need to borrow and to inform your negotiations when you visit a dealer.

      2019 modelStarting MSRPBuildCity/highway MPG
      Jetta$18,545Sedan30/40
      Beetle$20,895Hatchback26/33
      Golf$21,845Hatchback25/34
      Tiguan$24,195SUV22/27
      Passat$25,295Sedan25/36
      Atlas$30,895SUV22/26

      Car insurance costs that come with driving a Volkswagen

      Does a new Volkswagen come with a warranty?

      Volkswagen offers its customers a 6-year, 72,000-mile limited warranty. And don’t worry if you’re not the first owner of the car — if the warranty hasn’t expired, it’s transferable to you. Some models, specifically electric cars, may come with a different warranty.

      Bottom line

      If you’re looking to get behind the wheel of a new or preowned VW, you’ve got plenty of financing options to choose from. While financing or leasing through Volkswagen Credit is probably your fastest option, you may be able to score a better rate with a car loan from a bank or online lender.

      Ready to get started? Check out our guide to car loans to learn how it all works and compare more lenders.

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      Kellye Guinan

      Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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