VW Credit, Inc. Chooses Wolters Kluwer Financial Services’ Automotive Retail Lease Contracts for All VW, Audi and Bentley Dealerships

MINNEAPOLIS--(BUSINESS WIRE)-- 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 (VW), 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.”

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.

About VW Credit, Inc.
VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen Group of America, Inc., was founded in 1981 as the financial service arm of Volkswagen Group of America, Inc. VCI, a captive finance company, services Volkswagen, Audi and Bentley retail customers and dealers as Volkswagen Credit, Audi Financial Services, and Bentley Financial Services.

The company provides competitive financial products and services to dealers and their customers throughout the United States including retail leasing, retail financing, and balloon financing, along with wholesale financing for new and used vehicles.

Wolters Kluwer Financial ServicesJennifer Marso, 612-852-7912
Senior Director, Corporate Communications
[email protected]
On Twitter: @JenniferMarso
orAngela Peterson, 612-656-7745
Corporate Communications Manager
[email protected]
On Twitter: @AngiePeterson

Source: Wolters Kluwer Financial Services