What happens if I miss a payment?

If you happen to miss a payment, it is essential to take prompt action to avoid any potential consequences. Initially, you will likely receive a notification reminding you to make the payment as soon as possible. If the situation persists, VW Credit may report the missed payment to the credit bureaus, which could negatively impact your credit score. Additionally, late fees may be applied to the missed payment, increasing the overall amount you owe. In severe cases of delinquency, VW Credit reserves the right to repossess the vehicle as per the terms and conditions outlined in the financing agreement. It is crucial to contact VW Credit immediately if you anticipate difficulties in making a payment to explore possible solutions and avoid further complications.