First Time Buyer Plan Westborough MA

Vehicles

• Any new and Near New Volkswagen (see Near New Vehicle Definition)
• Volkswagen Certified Pre-Owned

Retail Contracts only - First Time Buyer Plan does not apply to leases or Driver’s Option.

Requirements

The dealer must provide the following information for each applicant prior to approval:

• The customer must never have had automotive credit
• Monthly payment may not exceed 18% of gross monthly income
• Minimum one year of verifiable full-time employment with current employer with income commensurate with all financial obligations. A contact name and phone number within the Payroll or Human Resources Department of the applicant’s employer must be provided.
• Minimum one year residence in dealer’s market area, renting or living with parents is allowed
• No credit history required; however, established history must be in good standing with no previous derogatory credit
• Three verifiable personal references; one must be a relative
• Qualification under this program is subject to verification prior to approval
• Please include the following when submitting the credit application:
• Proof of income
• Proof of Residency
• Copy of Social Security Card
• References