[emilorad]

Well, of course it was bound to happen. It's been less than a month since we became Passat 1.8T GLS owners and VW credits comes out with a 0% promo for up to 60 months on Passats!!!!
Anyhow, do we have any chances refinancing the loan? We could save a whole 6 months worth of payments...

 

[emilorad]

*bump*

 

[JimmyDee]

Why don't you phone them and ask...?
I'd be interested to find this out too.

I doubt anyone here is a VW credit manager.

Jimmy

 

[ny1911]

I'd be surprised if they would want to stick any more money out there at 0% then they have to, especially with rates headed north. Are you sure the rate is good for 60 months?

 

[dfmarcus]

Here's some legal info from the VW web site...

APR may vary with the term of the loan. Finance plans available through Volkswagen Credit on approved credit. Offers apply to select new and untitled models identified, when purchased through participating Volkswagen dealers. Down payment may be required. Insurance and applicable taxes extra. Requires dealer participation. Offer ends July 31, 2004. See dealer for details.

Since the incentive is for new "untitled" cars, my guess is you're out of luck. Though it can't hurt to call and ask.

 

[dfmarcus]

It looks like VW eliminated the dealer $2000 marketing support. This pretty much offsets the 0% APR. If you got the $2000, you pretty much got the same deal.

 

[emilorad]

Nope, we did not get the $2000, it was $750 under invoice, I believe. I called VW credit and they advised to try with the dealer - saying it was up to them.
Another dealer, were they so incline could rework it as well, but why would they?
Any good dealers in and around Chicagoland or a short drive away?

 

[dfmarcus]

According to Edmunds, the APR for 60 months is 1.9%. To get 0%, you need to finance for 36 months.

By the way, the $2000 marketing support is still there, but cannot be combined with the interest special.

 

[emilorad]

Thank God for Edmunds.com. I tried several dealers to get info on the financing, and they were not aware of any promotions.

 

[Postman]

Nope, we did not get the $2000, it was $750 under invoice, I believe. I called VW credit and they advised to try with the dealer - saying it was up to them.
Another dealer, were they so incline could rework it as well, but why would they?
Any good dealers in and around Chicagoland or a short drive away?

Well, you did get something if you bought it for $750 BELOW invoice. The dealer kept the other $1,250 to make a profit like many business do! :wink:

 

[ny1911]

There were 2 incentives last month, the $2k manufacturer to dealer, as well as $1250 (0r $1500) off if you don't take the low interest rate (which, BTW, you need to finance like $20k to make the rate worthwhile at 1.9%). We got $1600 below invoice before marketing expenses, but traditionally, manufacturer to dealer incentives are passed on to the customer as sparingly as possible, while the cash is a known and advertised quantity.