Volkswagen is Extending Payment Relief Until June 1

Volkswagen has been extending payment relief for customers during the COVID-19 pandemic, and today announced that it would extend them again. This time, they will be in place until June 1.

“The COVID-19 pandemic has caused significant stress and worry across America, and is putting financial strain on millions of households,” said Scott Keogh, CEO of Volkswagen of America. “We will continue to look for ways to help our customers, our dealers, our employees, and our communities in this time of crisis.”

The assistance options for existing customers include:

  • Up to 90-day payment deferrals for existing VCI customers without fees (VCI will not charge any fees but finance charges will still accrue for non-lease accounts)
  • Lease extensions up to six months, with a 20% reduction rebate in the monthly payment amount, up to five monthly payments, when leases are extended for at least three months.
  • Waiving past maturity fees in certain circumstances

Payment assistance can be accessed 24/7 through vwcredit.com.

If you’re looking to buy a new vehicle, customers in good financial standing include:

  • Qualified new buyers can now defer the first payment up to 120 days, revised from the original 180-day offer, combined with zero-percent APR financing for up to 72 months for most new vehicles
  • Waiving up to six months of payments, up to $750 per month, for qualified new purchasers who lose their jobs (not available in New York at this time; not offered on leases)

Highly qualified customers who want to buy a certified pre-owned car, meanwhile, can also expect zero percent APR financing for 60 months. This offer ends on June 30.