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Discussion Starter · #1 ·
Has anyone used VW Financial Services before? What was your experience?

I am still deciding between lease and finance and gathering some companies I may put in a credit application with.
Considering:
VW Financial
Penfed (EQ FICO 9 Auto score I believe)
Consumers Credit Union
Wells Fargo
Capital One

I am hoping that the credit tiers are still like this video explains:
I am unsure if VW checks FICO Auto 8 or any of the other FICO auto scores.
 

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I haven't used VW Financial Services and don't see a video attached. I have been weighing lease versus purchase, but with the projected cost of the lease being about $600 per month, (which includes $3,579 down, tax, title, doc fees, acquisition and disposition fees), I think I'll go for purchase and take my chances with the residual value. That could change between now and delivery, but that's my current thinking. No loan, I'll just pay for it when it comes in March.
 

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If they offer a manufacturer rate usually it is the way to go. I had a 60 month 0% loan with VW Financial Services before. I don't expect that with a new hot model, but they may offer their standard rates which should be competitive these days.
 

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I felt like I was in good hands on my 2010 GTI. Online access and Autopay for the loan, and they had offers for a great rate.
 

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Discussion Starter · #5 ·
I definitely decided as this point that I am financing. I am curious how this will be handled at step 6 on the portal. I joined 3 credit unions in advance of knowing that I will be purchasing a new car, CCU (Illinois), PenFed, and DCU. DCU is offering another 0.25 off APR for electric cars. I will most likely apply through VW as well to see the rate I get, but that will be after the credit unions.

Anyone have any experience with car loans through these credit unions?
 

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I definitely decided as this point that I am financing. I am curious how this will be handled at step 6 on the portal. I joined 3 credit unions in advance of knowing that I will be purchasing a new car, CCU (Illinois), PenFed, and DCU. DCU is offering another 0.25 off APR for electric cars. I will most likely apply through VW as well to see the rate I get, but that will be after the credit unions.

Anyone have any experience with car loans through these credit unions?
I have had 3 mortgages thru DCU over the past 20 years and have had good luck with them. Good rates and good service. Sorry no experience with them with reference to car loans.
I didn't know they had special rates for EV's, I will need to check that out, thanks for the info.
 
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I bought my Golf R with financing from VW, and when I switched to the eGolf the only option was a lease, and I went through VW again. When I decided to buy the eGolf I went through my credit union, which had a better rate. VW's billing was on time and accurate, and the only hassle I had was that the eGolf I initially signed for ended up having a broken AC, so the dealer did paperwork on a different car for me-and then sent both on through to financing. For the first three months of ownership I was double-billed as though I had purchased two cars -only I didn't know that so I had paid both accounts one payment. The dealer (whom I no longer use) was worthless in getting it sorted out, but VW Financial saw what had happened, adjusted the account status, and sorted it with one phone call. (I have more horror stories of that dealership, who are very anti-EV, but that's not what you came here for...) All in all, I found them very easy to work with. Bottom line: go with the best rate!
 

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I ran the numbers on leasing a new EV every three years vs. buying and upgrading after 8 years (when the battery warranty expires), and it’s still more economical to lease - even when adjusting for inflation (assuming the federal tax credit is baked into the cap cost). I’d have to stick with the same car for 10 years or more, but even then I assume there will be some major maintenance costs by then. The battery degradation is the biggest question mark for me. And I know there will be major tech advances within the next 10 years, so holding onto an FE ID4 for more than 3 years doesn’t sound fun. I’m going to lease with no money down.

Does anyone have insight into what the lease money factor will be on the FE at 12,500 miles for 3 years?
 
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Does anyone have insight into what the lease money factor will be on the FE at 12,500 miles for 3 years?
When the FE was first announced the people over at leasehackr did a back of the napkin calculation. MF 0.001 and residual of 47 came pretty close to the fine print that VW had published for 10k miles.
 

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I definitely decided as this point that I am financing. I am curious how this will be handled at step 6 on the portal. I joined 3 credit unions in advance of knowing that I will be purchasing a new car, CCU (Illinois), PenFed, and DCU. DCU is offering another 0.25 off APR for electric cars. I will most likely apply through VW as well to see the rate I get, but that will be after the credit unions.

Anyone have any experience with car loans through these credit unions?
I bank with DCU and have had great experiences. I've had other loans from them, but not an auto loan. The last time that I financed a car, they didn't have the best rate. Their rates have gotten much more competitive over the last several years.

I've also use VW Financial Services with no issues. Decent rates, good online payment and auto payment options.
 

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ID.4 1st Edition
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Does VW financing allow you to make loan prepayments without penalty?
 

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ID.4 1st Edition
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A friend waited a very long time to get the vehicle Title after lease expiration and purchase of same. Hopefully they've gotten much better in that regard.
 

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Great question. That's the only way I would lease. Did a total pre-payed on our Benz GLA 2-year lease, which we subsequently purchased. Benz was pretty quick with the Title.

I'm of the same mind in terms of likely significant tech advances after 3-years. But then I don't really like to lease and just may keep the ID.4 for an extended period. Still on the fence. :unsure:

Of course a pass-along of the Fed Tax Credit is the key, at least to me, for any leasing consideration. Without same it doesn't compute.

Does VW financing allow you to make loan prepayments without penalty?
 

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