What bank does VW credit use?
Volkswagen Retail Finance powered by Wells Fargo. VWFS became an international company with an extensive range of banking, leasing and insurance services.
Who owns VW credit?
VW Credit, Inc. VCI) is a wholly owned subsidiary of Volkswagen Group of America, Inc. VWGoA). It was founded in 1981 as a captive finance company for VWGoA to service Volkswagen and Audi retail customers and dealers. Today, VCI also supports Ducati retail customers and dealers and operates as Volkswagen Credit, Audi Financial Services and Ducati Financial Services.
Is Vwfs part of Wesbank?
Wesbank, which is selling its Volkswagen Financial Services South Africa division to Newco, is a division of FirstRand Bank Ltd. FirstRand Investment Holdings (Pty) Ltd a wholly owned subsidiary of First Rand Ltd will hold a shareholding of 49% in Newco. WesBank – a division of FirstRand Bank Ltd.