Did VW Go "Back to the Future"?

[Bob Miller]

Hmmmm...

Happy Back to the Future Day from your Twin Pines Mall VW dealership, in beautiful downtown Puente Hills, CA

A new(?) VW television advertisement seen today starts off with "It's Summer", uses SPF as a tag line, and then promotes VW's without mentioning the "D" word. End of ad is tagged "This offer ends November 2, 2015"

[Roger C H]

How does that affect me?

[Alf S.]

Originally Posted by Bob Miller

Hmmmm...

Happy Back to the Future Day from your Twin Pines Mall VW dealership, in beautiful downtown Puente Hills, CA

A new(?) VW television advertisement seen today starts off with "It's Summer", uses SPF as a tag line, and then promotes VW's without mentioning the "D" word. End of ad is tagged "This offer ends November 2, 2015"

Hi: Bob Miller... Seems like they have other things on their minds!!!
Alf S. North shore of Lake Erie

[Bob Miller]

Hi Alf
Yep, so much so that just yesterday I received a flier from Riverside Volkswagen with two very diverse offers:
1. Come in, test drive a new VW, get a trade in appraisal, and pull a envelope out of a box with a Target gift card inside, worth up to $300....
or
2. The "Payment Adjustment Program" where they are offering a refinance on your current vehicle at a lower rate and/or longer payoff period.


Looks lhings are gonna be tough at VW Dealers for a while.

[Bob Miller]

Originally Posted by Roger C H

How does that affect me?

Sorry Roger, I can't be totally inclusive.

[Carol H]

Originally Posted by Bob Miller

Hi Alf
Yep, so much so that just yesterday I received a flier from Riverside Volkswagen with two very diverse offers:
1. Come in, test drive a new VW, get a trade in appraisal, and pull a envelope out of a box with a Target gift card inside, worth up to $300....
or
2. The "Payment Adjustment Program" where they are offering a refinance on your current vehicle at a lower rate and/or longer payoff period.


Looks lhings are gonna be tough at VW Dealers for a while.

LOL I got something similar from Nissan & Subaru in the mail the other day - actually better offers - it is the time of year when all the auto dealers need to clear out this years models to make room for the new ones. Normally a pretty good time of year to shop for a new car regardless of make.

A family member is in the market for a VW product and so far they have not noticed any fall out (i.e. big price point changes) due to VW recent problem/issue.
They keep hoping though

[Bob Miller]

I understand to end of year sales, but offering car refinancing? Sounds more like the junque mail I get from banks and such. In this case the "Bank" was "Granite Bay Acceptance" who apparently does a lot of loan farming.... yuk.

[Carol H]

Originally Posted by Bob Miller

I understand to end of year sales, but offering car refinancing? Sounds more like the junque mail I get from banks and such. In this case the "Bank" was "Granite Bay Acceptance" who apparently does a lot of loan farming.... yuk.

And the dealers who of years have offered 0% financing for x so many months are using a traditional bank to do their auto financing? They sure aren't in my neck of the woods

[Alf S.]

Originally Posted by Carol H

And the dealers who of years have offered 0% financing for x so many months are using a traditional bank to do their auto financing? They sure aren't in my neck of the woods

Hi: Carol H... Back to the future? When 0% was offered it was the first thing figured onto the price of the car, back in my day. The rate at the "Bank" was set on your credit rating. Good credit score... low rate, but not 0%, bad credit score... high rate.
Alf S. North shore of Lake Erie

[Carol H]

Originally Posted by Alf S.

Hi: Carol H... Back to the future? When 0% was offered it was the first thing figured onto the price of the car, back in my day. The rate at the "Bank" was set on your credit rating. Good credit score... low rate, but not 0%, bad credit score... high rate.
Alf S. North shore of Lake Erie

Yup in my day as well

I have seen some car dealers offering up rates that based on current bank rates appear to be very low - they are advertising them as available to anyone no matter what their past credit history is.

My feeling is its as you suggest, the price of the vehicle is either jacked up to cover a buyer with a low credit rating or the dealer is doing the deal through a none traditional bank that you probable don't want to know what the rate of the loan jumps to if you were to miss or be late with a payment.

Thankfully learned at fairly young age that buying cars or other got to have toys on credit is not/was not in my best interest.