VW Credit Selects Wolters Kluwer for Volkswagen, Audi, Bentley Dealerships
Volkswagen Group’s VW Credit Inc. has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts for Volkswagen, Audi and Bentley dealerships.
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.”
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →