Program Benefits
One of the primary benefits of choosing the Volkswagen Foreign Business Professionals Program is the ability to purchase the vehicle if you don't have any credit history built up. With competitive interest rates and flexible terms through Volkswagen Credit, you can finance or lease a vehicle that matches your needs without overstretching your budget. Plus, our team is here to help you structure a deal that is in your best interest and allows you to build equity, buy your vehicle at lease maturity, or continually turn in your lease for a newer Volkswagen model.
And if that's not enough, the Volkswagen Foreign Business Professionals Program goes hand-in-hand with MyVWInsurance through Liberty Mutual, allowing you to insure your new vehicle, explore potential discounts, and receive added peace of mind. Drivers who receive coverage through MyVWInsurance are eligible for multi-policy discounts, Genuine VW replacement parts, accident forgiveness, vehicle replacement, and more.
Leasing vs. Financing
When it comes to finding a payment plan that works for your needs, you'll have two primary options to explore. Many drivers in our community prefer to lease if they anticipate short-term ownership, as lease terms are often 12 to 36 months in length while financing terms are often between 48 and 72 months. In addition, leasing allows you to pay lower monthly payments on average compared to financing, allowing you to retain more of your budget for things like service or the predetermined vehicle purchase price at lease maturity.
Financing is one of the most common options due to its long-term benefits, including the ability to build equity with long-term payments, avoid end-of-lease obligations like excessive wear or mileage limited, and the freedom to customize your vehicle with accessories, window tint, and other items. With either option, you'll be able to meet with a member of our finance team and explore competitive rates and flexible terms through the Volkswagen Credit system.
Applying for a Car Loan with Your ITIN
If you have an Individual Taxpayer Identification Number (ITIN) as a non-citizen United States resident, this will help you purchase your next Volkswagen from a dealership like ours. It's a tool for those without a Social Security Number and allows you to apply for auto loans easily. At Lithia Volkswagen of Reno, we accept ITIN and can work with you to navigate the financing process.
How Purchasing a Vehicle with ITIN Works
As an alternative way to identify you for tax purposes, ITIN is recognized by many leading auto loan lenders, including large banks and credit unions. This allows you to secure auto loan options and see what's beneficial to you as you look through our collection of new Volkswagen vehicles and pre-owned choices at the dealership. It also helps non-citizen residents get a car or SUV so they can get to work and school and enjoy a daily routine through Reno and beyond. Here at the dealership, we'll make sure that you're aware of every step in the process and provide support as you navigate through it both in-person in our showroom and online or by your preferred communication method as you can formalize and apply for financing with the right paperwork from home to save time.
If you don't have an ITIN but are eligible for one, consult the IRS website on how to procure one. However, you should already have been given one for most legal non-citizen residents. If you've forgotten it, you can contact the IRS, as well.
Why Choose Us for ITIN Financing?
There are many reasons our dealership is a great place to shop if you're a buyer who uses ITIN, which includes:
- Our convenient location here in Reno is accessible via many major roads and routes, and have a friendly and welcoming environment at the dealership
- We carry a standout collection of new Volkswagen vehicles highlighted by popular nameplates and trim levels, along with quality pre-owned vehicles that can match any price range
- We have bilingual staff who can discuss matters with you and communicate in Spanish if it makes your more comfortable at the dealership
Inquire For More Information
Think it's time to learn more about the Volkswagen Foreign Business Professionals Program to see how you can save on the purchase of a new or pre-owned Volkswagen model? Or do you have questions about applying for a loan using your ITIN? Our team is here to answer your questions, learn your preferences, and develop a plan that leaves you feeling satisfied. Take a moment to explore our available selection of vehicles online, explore our digital resources to learn about the purchase process, or stop by our dealership to talk with a finance professional!
