|September 2, 2005
Volkswagen Credit, Audi Financial Services, and Bentley Financial Services Defer Payments to Hurricane Katrina Victims
AUBURN HILLS, Mich. - Responding to the devastation of Hurricane Katrina, Volkswagen Credit, Audi Financial Services, and Bentley Financial Services, the finance arms of Volkswagen of America, Inc., Audi of America, Inc., and Bentley Motors, Inc., have announced that they will defer payments, forgo late charges and suspend interest for their customers affected by the disaster.
Volkswagen, Audi and Bentley customers living in counties and parishes of Louisiana, Mississippi, and Alabama that have been declared disaster areas by the Federal Emergency Management Agency will have their retail loans automatically extended and lease payments deferred for 90 days from their most recent due dates. Additionally, customers will not be responsible for late charges during this period.
For more information, customers should call their respective financial service representatives; Volkswagen customers please call (800) 428-4034, Audi customers please call (888) 237-2834, and Bentley customers please call (877) 237-3878. Additionally, letters have been mailed in the hope that some mail service may be resumed.
"At this very difficult time for our customers, we want to try and help ease some of the hardship suffered by such devastation," said Kevin Kelly, VCI and AFS president.
VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen of America, Inc. (VWoA), was founded in 1981 to function as the financial service arm of VWoA. VCI is a captive finance company, servicing authorized VW, Audi and Bentley dealers and their affiliated stores. The company provides competitive financial products and services to dealers and their customers in the United States and Canada.