Here’s a life hack that you can quite literally take to the bank: If you want an even 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 only 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.
You not only get to take home a German precision-engineered vehicle without paying cash for the down payment, but you also get to keep your money. Plus, your deposit account with BPI continuously earns interest. That’s a triple-win proposition!
There’s not much time to lose, though. You only have until July 31 to choose your Volkswagen model and 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.
Now, isn’t owning your own Volkswagen vehicle such a breeze? Take that first easy step to move up your motoring lifestyle. Call your nearest Volkswagen dealer to guide you through the process: Volkswagen BGC at (02) 8558-5888; Volkswagen Quezon Avenue at (02) 8558-5818; Volkswagen Pampanga at (45) 961-1895; Volkswagen Santa Rosa at (0935) 427-8545; Volkswagen Cebu at (32) 517-8226; Volkswagen Iloilo at (33) 331-2622; Volkswagen Bacolod at (034) 435-7575; and Volkswagen Cagayan de Oro at (088) 851-7960.
