Foreign Business Professionals Plan Medford MA
Business professionals from foreign countries who are working in the United States may be eligible for financing through Volkswagen Credit. The contract length will be limited to the length of stay in the United States, governed by the applicant’s Visa, employment letter, employment contract, Permanent Resident Card or I-94 form.
- Any new and Near New Volkswagen (see Near New Vehicle Definition)
- Volkswagen Certified Pre-Owned vehicles (Retail Financing only)
- Retail Financing
- Driver’s Option
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To be considered for this program, the dealer must provide the following information for each applicant prior to final approval and funding:*
- Letter from employer stating applicant’s position, hire date, income and length of stay in the United States. Applicant must provide a contact name and phone number for someone in the Payroll or Human Resources Department of the applicant’s employer or future employer.
- At the time of the credit decision, a copy of the applicant’s United States Social Security card or copy of a letter from the Social Security Administration including the assigned Social Security number. This must be provided at the time of application.
- Copy of Visa with expiration date (with picture blacked out).
For applicants who plan to extend their stay beyond the date shown on their Visa, we will accept the length of stay in the U.S. shown on the applicant’s employment letter, employment contract, Permanent Resident Card, or I-94 form in order to determine the specific finance terms.
- Three personal references from individuals residing in the United States.
- Monthly payment may not exceed 25% of the gross monthly income.
- Minimum gross income of $45,000 per year.
- Verification of residence and phone number.
*Qualification under this program is subject to verification prior to final approval and funding.