New car smell without the new car price.
Zero in on a Volkswagen
- The required Down Payment (DP) – No actual Down Payment will be paid to the dealer. Approved customers will be asked to execute a Hold-Out Agreement from either BPI or BPI Family Savings Bank Account to fulfill the approved Down payment requirement. Existing BPI Depositors and Non-bank depositors are entitled to this promo. Acceptable type of account is limited to Individual Accounts in Peso Currency; corporate accounts are not acceptable.
- Zero DP Promo Offer – Depending on the unit, customers shall be entitled to VW PH current discount subsidy which shall be applied to lower the SRP. Chattel Mortgage Fee will be free as well as First Year Comprehensive Insurance with Acts of Nature (AON) c/o BFSB.
- Release of Holdout Deposit. - Clients availing of the Zero Down Payment Promo will also enjoy the benefit of earning interest on their assigned account on Hold. If they wish to terminate or withdraw their deposit on hold, they may do so after the 24th monthly payment and their Auto loan account is updated and not in past due status.
- Rates - Customers availing the promo shall be entitled to a special rate to be provided in partnership with BPI Family Savings Bank, Inc. The Financing scheme shall feature an Add on Rate of 49.88% for sixty (60) months with Dealer Incentive of 5%.
- Promo Period: July 1 -31, 2021 - Extended until August 31, 2021
- DTI Fair Trade Permit No. FTEB-122609 series of 2021