Volkswagen First-time Car Buyers Program

Buying your first car can be challenging, especially if you don’t have a credit history. VW’s first-time buyer program helps Marion, IL, drivers get behind the wheel of a Jetta, Golf, or Tiguan. If you join the program, you can build equity in your vehicle with a competitive auto loan or enjoy the benefits of driving your preferred crossover or sedan on a lease agreement. Our professional finance team at VW of Marion can provide you with advice on the program and how to get the best terms on your auto loan.

What Is Volkswagen’s First-Time Buyer Program?

The program is designed to help first-time car buyers purchase their preferred vehicle. The program can help you if:

• You’ve never had auto credit before.
• You are a U.S. citizen or permanent resident.
• You pass a credit check, although previous credit is not required.
• You can provide the required documentation for the program.

The first-time buyer program can cover your purchase of a new or pre-owned VW vehicle, and is also open to lease agreements.

Who Qualifies as a First-Time Buyer?

If you’re looking to buy a car with no credit history, you’ve met the first test for eligibility for the first-time buyer program. Here are some other key requirements to check:

• You’ll need to provide proof of employment and a contact person in the payroll department of the company you work for.
• One full year of employment prior to your purchase is typically required.
• You may need to provide a co-signer depending on the result of your credit check.

How VW Financing Helps New Buyers

VW financing for new buyers can offer several benefits that assist you. Firstly, you can gain access to lower interest rates and more flexible repayment terms than you’d get from third-party finance institutions. VW financing also offers repayments tailored to your budget that allow you to build up equity in your vehicle and strengthen your credit score.

Another great bonus is the option to lease your vehicle for a more affordable investment. You may even be eligible for protection against end-of-lease charges if you choose to lease your VW Taos or Passat.

What Documents Do You Need to Apply?

After learning about the bonuses of the VW first-time buyer program, car buyers often ask us about application requirements. Here’s a selection of the documents you’ll need:

• Proof of your U.S. Social Security Number.
• Proof of your name and residential address.
• Proof of employment and a contact person to confirm this.
• Two personal references, with names and addresses included.
• Proof of income to demonstrate that you can afford a vehicle purchase or lease deal.

The Volkswagen credit program may have other requirements depending on your credit score and other factors. For example, a co-signer can provide added security. This is a person who agreed to assume the risk for your debt if you prove unable to meet your payments.

Top Volkswagen Models for First-Time Buyers

Many first-time car buyer incentives focus on vehicles that appeal to young drivers or families.

VW Jetta

The VW Jetta is a compact sedan with an affordable price tag and a fuel-efficient engine. It can achieve an impressive 40 mpg at highway speeds, and still manages to offer room for five passengers and over 14 cubic feet of space for your things in the trunk. With a starting price of close to $22,000, the Jetta is also very affordable.

VW Taos

This is a perfect choice for first-time buyers who need more space and power. The Volkswagen Taos boasts a 174-horsepower turbocharged engine and 28 cubic feet of storage at the rear. The base Taos costs around $25,000, or you can jump for the SE trim for synthetic leather seats at a cost of around $28,000.

VW Atlas

If you need a third row in your SUV, you could check out the seven-seater Atlas. Its price tag is a bit higher, so it may make sense for you as a first-time buyer to look for Atlas lease deals. Alternatively, you could consider a pre-owned 2022 Atlas or 2023 Atlas. It offers over 20 cubic feet of storage behind the third row, an ideal setup for large families.

Why Buy Your First Car at VW of Marion

VW of Marion is a great place to start your car-buying search. We’ve got an extensive array of new and used VW vehicles for you to consider, like the compact Jetta and larger Tiguan. We also have attractive VW and local specials, allowing you to lease or purchase a vehicle at a better price. Here are some other benefits available at our Illinois dealership:

• VW of Marion financing offers you trustworthy advice on the right terms for your first-time car loan or lease deal.
• Our expert service center provides VW-certified maintenance, helping your car or crossover perform to its best in the months and years ahead.
• Our VW parts department stocks all the components you’ll need to keep your Golf in good condition, as well as a broad range of accessories to customize your ride.
• Tools like our payment calculator can help you see in advance how much an auto loan could cost you, assisting you in making a good financial decision.

Get Started With VW of Marion’s First-Time Buyer Program Today

Now that you know a bit more about how our first-time buyer program works, why not explore our range of VW inventory options right here in Marion? We can support you to complete your purchase or secure a lease deal, whether you’re a student, recent college grad, or have a young family. We’d be delighted to arrange for you to test drive your preferred vehicle in Marion, so feel free to reach out today to get things started. Alternatively, swing by our used and new car showrooms to check out what’s on offer up close and at your own pace.

Image by Gabrielle Henderson | Licensed with Unsplash License