Pignataro Volkswagen's First Time Buyer Program
We want to make it easier to get behind the wheel of a VW, which is why Volkswagen Credit has designed a specific loan for first-time buyers. If this is the first car you have ever financed and you have had a full-time job for the past year, you're qualified!
First Time Buyer Plan*
Vehicles
- Any New and Near New Volkswagen (see Near New Vehicle Definition)
- Volkswagen Certified Pre-Owned Retail Contracts only - First Time Buyer Plan does
not apply to leases or Driver's Option. Requirements The dealer must provide the
following information for each applicant prior to approval:
- The customer must never have had automotive credit
- Monthly payment may not exceed 18% of gross monthly income
- Minimum one year of verifiable full-time employment with current employer with income
commensurate with all financial obligations. A contact name and phone number within
the Payroll or Human Resources Department of the applicant's employer must be provided.
- Minimum one year residence in dealer's market area, renting or living with parents
is allowed
- No credit history required; however, established history must be in good standing
with no previous derogatory credit
- Two verifiable personal references; one must be a relative
- Qualification under this program is subject to verification prior to approval Please
include the following when submitting the credit application:
- Proof of income
- Proof of Residency
- Copy of Social Security Card
- References
37 Rev. 082911
*See dealer for specific details.