VW Credit, Inc., the financial services arm of Volkswagen Group of America, has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts.
Through this new relationship, VW Credit, Inc. will provide Wolters Kluwer Financial Services’ lease contracts at all Volkswagen, Audi and Bentley dealerships across the United States. The contracts will be used to document leasing agreements with VW, Audi and Bentley customers.
Wolters Kluwer Financial Services’ motor vehicle lease contracts are designed to meet current state and federal requirements on auto leasing, including Regulation M, which requires dealers to provide specific pricing information in lease contracts.
The lease agreements are available for all 51 U.S. jurisdictions and are part of its Bankers Systems line of compliance documents and solutions, which are built on more than 50 years of knowledge and experience.
“Our goal is to offer our customers credit options that best fit their needs, while providing our dealers with tools that allow them to complete each transaction correctly and efficiently,” said Allen Strang, General Counsel, at VW Credit, Inc. “Wolters Kluwer Financial Services’ lease contracts meet both of those needs.”
“Leasing presents a number of variables, which can make its execution more complicated than an auto loan,” said Jason Marx, vice president and general manager of Indirect Lending and Mortgage at Wolters Kluwer Financial Services.
“Our lease contracts provide peace of mind to all parties involved—the dealer, their lender and their customer—that all disclosures are made, language is easy to understand, and lease agreements are accurate and compliant. We are excited to work with VW Credit, Inc. and make these contracts available to their dealers across the country.”
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