(San Juan, Puerto Rico, April 16, 2015) – Volkswagen Credit and Audi Financial Services are pleased to announce an agreement with Reliable Auto to introduce enhanced retail financing options in Puerto Rico. The collaboration, effective immediately, will help increase Volkswagen and Audi market share in Puerto Rico, and enable Volkswagen and Audi dealers to offer customers in Puerto Rico attractive financing options toward the purchase of new vehicles. VW Credit, Inc. (VCI) is the captive finance subsidiary of Volkswagen Group of America (VWGoA), and serves the Volkswagen, Audi and Ducati brands in the United States.

Reliable Auto (Reliable), a subsidiary of Wells Fargo Corporation, which is one of the world's largest financial services companies, currently holds 135,000 active clients in Puerto Rico.

During a press conference, Néstor Vale, executive vice-president of Reliable, indicated that the new alliance “is a vote of confidence in Reliable’s capabilities and validates the company's leading role in the local industry. The agreement presents an opportunity to offer quality service to more Puerto Ricans and strengthen its position in the market, while increasing sales for the Volkswagen and Audi Brands.”

Richard Howse, VP Marketing & Business Development for VCI, said that after evaluating several auto financing institutions in Puerto Rico, VCI selected Reliable Auto for this strategic agreement because “of its recognized position in the local automotive market, which illustrates the company's knowledge, experience and customer service acumen.”

“Our goal is to increase our brands’ market share in Puerto Rico, and enable Volkswagen and Audi dealers to offer customers attractive financing options toward the purchase of new vehicles,” said Howse.

Audi brand automobiles are available at Audi franchised dealer Gomez Hermanos Kennedy, and Volkswagen brand models are available at franchised dealers Autos Vega Kennedy and Flagship Volkswagen in Bayamón.