VW and Audi Credit suspend payment for the hurricane area

[Scott]

AUBURN HILLS, Mich. ? Responding to the devastation of Hurricane Katrina, Volkswagen Credit, Audi Financial Services, and Bentley Financial Services, the finance arms of Volkswagen of America, Inc., Audi of America, Inc., and Bentley Motors, Inc., have announced that they will defer payments, forgo late charges and suspend interest for their customers affected by the disaster.

Volkswagen, Audi and Bentley customers living in counties and parishes of Louisiana, Mississippi, and Alabama that have been declared disaster areas by the Federal Emergency Management Agency will have their retail loans automatically extended and lease payments deferred for 90 days from their most recent due dates. Additionally, customers will not be responsible for late charges during this period.

For more information, customers should call their respective financial service representatives; Volkswagen customers please call (800) 428-4034, Audi customers please call (888) 237-2834, and Bentley customers please call (877) 237-3878. Additionally, letters have been mailed in the hope that some mail service may be resumed.

?At this very difficult time for our customers, we want to try and help ease some of the hardship suffered by such devastation,? said Kevin Kelly, VCI and AFS president.

VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen of America, Inc. (VWoA), was founded in 1981 to function as the financial service arm of VWoA. VCI is a captive finance company, servicing authorized VW, Audi and Bentley dealers and their affiliated stores. The company provides competitive financial products and services to dealers and their customers in the United States and Canada.

 

[Scott]

that was originally posted on VWVortex.com by the way...

 

[Renesis]

Finally a big corporation with brains...

hope it won't turn out bad for them (more people not paying because of that)

 

[jayjaya29]

I think this is a good move, it would suck to finally get back on your feet and get a bill with outrageous late fees becuase you got hit with a hurricane. Hopefully the other companies follow suit.

 

[BlaRo]

Reminds me of GM's "Keep America Rolling" campaign where they had huge discounts on their cars after 9/11. But then again, they seem to always have huge discounts on their cars, so it just sounded good.

Kudos to VAG, I wonder if any other companies will follow suit?

 

[Janus]

LMAO! :lol:

As if any Audi or Bentley driver didn't get the hell out of there ASAP!

Hell they probably jumped on their jets and flew out.

Screw the car, I can always buy 10 more

 

[SL65]

Yeh a big corperation with brains, thats a first! It would be good if they could go a step further and give half price off selected VW's for people who have lost everything...but they'v done enough

 

[Dr. Woo]

Finally a big corporation with brains...

hope it won't turn out bad for them (more people not paying because of that)

Not the only one. Wal-Mart has made the biggest single donation to relief services yet, at $17 million.

 

[bihus]

Finally a big corporation with brains...

hope it won't turn out bad for them (more people not paying because of that)

Not the only one. Wal-Mart has made the biggest single donation to relief services yet, at $17 million.

Counting with the unvolunteer "donations"?

 

[Dr. Woo]

Finally a big corporation with brains...

hope it won't turn out bad for them (more people not paying because of that)

Not the only one. Wal-Mart has made the biggest single donation to relief services yet, at $17 million.

Counting with the unvolunteer "donations"?

You mean compulsory charity? Yes, the U.S. government has pledged about 10 billion dollars in aid.

"Why don't you donate?" Because I already did...and I also donated to the rich, corrupt leaders in Africa, and to the efforts between Israel and Palestine, and to millions of people in America who refuse to get jobs.

Do I believe in these causes? Um...I don't have a choice.

 

[fbc]

Finally a big corporation with brains...

hope it won't turn out bad for them (more people not paying because of that)

Not the only one. Wal-Mart has made the biggest single donation to relief services yet, at $17 million.

Counting with the unvolunteer "donations"?

You mean compulsory charity? Yes, the U.S. government has pledged about 10 billion dollars in aid.

I thought he meant the looting of Walmart stores

 

[bihus]

Finally a big corporation with brains...

hope it won't turn out bad for them (more people not paying because of that)

Not the only one. Wal-Mart has made the biggest single donation to relief services yet, at $17 million.

Counting with the unvolunteer "donations"?

You mean compulsory charity? Yes, the U.S. government has pledged about 10 billion dollars in aid.

I thought he meant the looting of Walmart stores

Exactly.

But let me say that when it's for food or clothes, and not just to steal, I don't condemn it at all.

 

[Dr. Woo]

Exactly.

But let me say that when it's for food or clothes, and not just to steal, I don't condemn it at all.

Ah. I got on my soapbox for nothin'.

 

[bihus]

Exactly.

But let me say that when it's for food or clothes, and not just to steal, I don't condemn it at all.

Ah. I got on my soapbox for nothin'.

 

[AutoMX]

well considering there's gonna be a mighty big salvage title car market now, thanks to insurance companies, the auto makers effectivly just sold another one of every insured water damaged car. especially exotics. people in florida regularly leave their ferraris (current production ones though, not classics or older ones) in times of floods because they get a new one when it's declared totally by the insurance company due to water damage. same with SL mercedes.