If you’re in the market for a brand-new sedan, you might want to check out Volkswagen Philippines’ latest promo.
For the month of July, the carmaker is offering its vehicles with no cash-out through its ‘Zero in on a Volkswagen’ promo. Buyers who wish to purchase a brand-new Santana, Santana GTS, Lavida, or Lamando through financing can have their down payments waived.
Customers only need to open an account with the Bank of the Philippine Islands (BPI). Those approved will then need to execute a Hold-Out Agreement equivalent to 20% or 30% down payment of the selected vehicle. This will be withdrawable after 24 months, as long as the customer’s auto loan account is updated and not in ‘past due’ status.
The hold-out deposit will remain in the customer’s account and continue to earn interest, essentially allowing him to enjoy Volkswagen’s zero cash-out offer. In addition to this, the currently available cash discounts will be applied to lower the covered vehicles’ SRPs. Chattel mortgage fee and the first-year comprehensive insurance (with acts of nature) shall be free as well.
You can refer to the table below for a better look at the available offers:
Model |
Discounted SRP |
BPI Deposit Amount |
Monthly Amortization |
| Volkswagen Santana MPI MT | 550,000 |
As low as 30% DP
|
13,739 |
| Volkswagen Lavida 230 TSI DSG SE | 918,000 | 22,932 | |
| Volkswagen Santana GTS 180 MPI AT SE | 995,000 |
As low as 20% DP
|
24,856 |
| Volkswagen Lamando 280 TSI DSG SE | 1,515,000 | 37,845 |
Are any of these worth considering, folks? If you want to avail of this promo, you only have until July 31, 2021 to do so, so take note.
