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VW Credit Selects Wolters Kluwer for Volkswagen, Audi, Bentley Dealerships

August 02, 2011

MINNEAPOLIS — Volkswagen Group’s VW Credit Inc. has chosen Wolters Kluwer Financial Services (WKFS) as a preferred provider of motor vehicle lease contracts for Volkswagen, Audi and Bentley to its U.S. dealerships.

“Our goal is to offer our customers credit options that best fit their needs, while providing our dealers with tools that allow them to complete each transaction correctly and efficiently,” said Allen Strang, general counsel at VW Credit Inc. “Wolters Kluwer Financial Services' lease contracts meet both of those needs.”

Wolters Kluwer’s motor vehicle lease contracts are designed to meet current state and federal requirements on auto leasing, including Regulation M, which requires dealers to provide specific pricing information in lease contracts. The lease agreements are available for all 51 U.S. jurisdictions and are part of its Bankers Systems line of compliance documents and solutions.

“Our lease contracts provide peace of mind to all parties involved — the dealer, their lender and their customer—that all disclosures are made, language is easy to understand, and lease agreements are accurate and compliant,” said Jason Marx, vice president and general manager of indirect lending and mortgage at WKFS. “We are excited to work with VW Credit Inc. and make these contracts available to their dealers across the country.”

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