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VW Credit to stop originating US auto loans

Captive to refer loan originations to Wells Fargo  

James Van BramerbyJames Van Bramer
September 18, 2024
in Capital & Funding
Reading Time: 3 mins read
0

Volkswagen Financial Services will no longer originate retail loans in the United States starting in April 2025; Wells Fargo Auto has been named the preferred financier for Volkswagen, Audi and Ducati brands.  Volkswagen Financial Services (VWFS) will service existing contracts and prioritize other parts of the business such as leasing, a VWFS spokesperson told Auto […]

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