Volkswagen, BPI tie up for zero cash-out down payment promo

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Here’s a life hack that you can take to the bank: If you want an easier way to drive home that long-yearned-for Volkswagen vehicle, all you have to do is open a BPI bank account. 

The ‘Zero in on a Volkswagen’ no cash-out promo runs from July 1 to 31, 2021 and is open to BPI and non-BPI depositors. With this program, down payments on all Volkswagen models are foregone, which simply means that no actual down payment will be paid.

Approved customers will be asked to execute a Hold-Out Agreement equivalent to as low as 20% down payment, which will be withdrawable after 24 months, as long as the customer’s auto loan account is updated and not in past due status.

This Hold-Out deposit will remain in your account as you continue to enjoy earning interest. Thus, the entire amount of the car is amortized for 60 months, and you would enjoy Volkswagen’s true zero cash-out initiative.

The current cash savings being offered to select models shall also be applied to lower their SRPs. Chattel mortgage fee will be free, as well the first year comprehensive insurance with acts of nature.

To qualify for the promo, you must also maintain your BPI deposit account with the corresponding amounts: 

  • The Santana MPI MT starts at P550,000 (from P686,000 SRP) at P13,739 monthly, with a BPI deposit amount as low as 30% down payment.
  • The Lavida 230 TSI DSG SE starts at P918,000 (from P1,171,000 SRP) at P22,932 monthly, with a BPI deposit amount as low as 30% down payment.
  • The Santana GTS 180 MPI AT SE starts at P995,000 (from P1,029,000 SRP) at P24,856 monthly, with a BPI deposit amount as low as 20% down payment.
  • The Lamando 280 TSI DSG SE starts at P1,515,000 (from P1,569,000 SRP) at P37,845 monthly, with a BPI deposit amount as low as 20% down payment.

Take that first easy step to move up your motoring lifestyle. Call your nearest Volkswagen dealer to guide you through the process.

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