Volkswagen Car Payment Relief

Lenders and Auto Loan Relief Programs

The financial implications of layoffs, unexpected medical bills, shutdowns, and other pandemic issues have been harsh for many people. If you are struggling to make ends meet, auto loan relief could be available to you. Volkswagen Credit finances many of the Volkswagen cars and SUVs on the road today, and this lender offers credit and flexible relief solutions on a case-by-case basis.

Volkswagen Credit Loan Relief

While some auto lenders offer one or two specific loan relief solutions, Volkswagen Credit strives to structure relief that is truly beneficial for the driver. A loan deferment is one of the possibilities that could be available to you given your unique circumstances. To discuss your needs and options with a representative, contact Volkswagen Credit today.

End of Lease Options

One of the great benefits of leasing a Volkswagen is the convenience of surrendering the vehicle at the end of the lease, but other options may be available as well. For example, you may be able to buy your vehicle outright or request a lease extension.

Loan Deferment FAQs

What is a Volkswagen Loan Deferment?

Your auto lender may agree to a loan deferment, which essentially provides you with the ability to skip scheduled payments without negative implications to your credit rating. The deferment must be approved in advance, and you are only permitted to skip payments during the approved period that the lender has agreed to. A loan term extension will be created that equals the length of the deferment period, and all of the skipped payments will be due at the end of the loan during the term extension period. Your loan will continue to accrue interest until the loan balance is paid in full.

How Does a Volkswagen Loan Deferment Affect My Credit?

If you are approved for a loan deferment and follow the deferment terms, this will not damage your credit score. However, payments made late before or after the approved deferment period can be reported on your credit history.

How Do I Request a Volkswagen Loan Deferment?

Are you ready to learn about your loan relief options? Contact Volkswagen Credit today to inquire about the deferment option and other relief solutions available.