Laid Off? VW Will Absorb 12 Months of Car Payments, Insurance
Jan. 29, 1992
AUBURN HILLS, Mich. (AP) _ Volkswagen's U.S. branch said it will cover car payments and insurance for up to 12 months for new Volkswagen buyers laid off because of the recession.
Consumers buying or leasing Volkswagens between Tuesday and March 31 qualify for the program, whether or not they finance the deal through VW Credit Inc., the company said Tuesday.
Volkswagen of America President Bill Young said if someone buys or leases a Volkswagen during the period and is laid off within three years because of the recession, the company will pay up to $500 a month for car payments and insurance.
The plan may be used in segments. If a buyer is laid off for, say, three months, he or she has an additional nine months' worth of protection if laid off again during the first three years of ownership.
During February and March last year, the German automaker sold 16,558 Volkswagen cars in the United States.