Volkswagen PH offers no cash-out promo this month

Updated Jul 21, 2021 | Same topic: Automotive Industry Updates

Deposit your money, get a Volkswagen.

If you’re in the market for a German-branded vehicle this month, then check this out. Volkswagen Philippines, together with the Bank of the Philippine Islands (BPI) has partnered up to bring to us the “Zero in on a Volkswagen” promo that’s available until July 31, 2021.

A picture of the 2021 VW Santana

Fancy a Santana or a Santana GTS? Then check this promo out

Now, this promo is available for both BPI and even non-BPI depositors and it offers a no cash-out promo for specific variants of the Santana, Lavida, and Lamando. How this works is that one won’t actually pay for a downpayment, and will instead enter into a Hold-out Agreement with the bank in question.

This of course is still subject to BPI’s approval, but nevertheless, one can drive away with a Volkswagen for only a 20 percent downpayment deposit. The keyword there is the word “deposit,” and as it is a hold-out agreement, the customer will still be able to access that money (the downpayment) after 24 months. Well, provided that the auto loan account is up-to-date, and consistently paid before the indicated monthly amortization due dates.

A picture of the VW Lamando sedan

The luxurious Lamando, specifically the 280 TSI DSG SE is also participating in this promo

Within the 24-month time frame however, your money will earn interest, thus saving you money. On top of that, Volkswagen’s current cash savings promos available for its several models can also stack on top of the “Zero in on a Volkswagen” promo. Also, buying a car from Volkswagen with this promo ensures a free chattel mortgage fee, as well as a free first-year comprehensive insurance.

Here are the details for each VW model that’s participating in the aforementioned promo:

Model

Discounted SRP

Standard SRP

Monthly

Down payment (BPI Deposit)

Santana MPI MT

Php 550,000

Php 686,000

Php 13,739

30 percent

Lavida 230 TSI DSG SE

Php 918,000

Php 1,171,000

Php 22,923

30 percent

Santana GTS 180 MPI AT SE

Php 995,000

Php 1,029,000

Php 24,856

20 percent

Lamando 280 TSI DSG SE

Php 1,515,000

Php 1,569,000

Php 37,845

20 percent


For the latest car promos, car news, and car reviews, keep it here on Philkotse.com.

Know more about Volkswagen Santana 2021

Volkswagen Santana

The Volkswagen Santana is a German-engineered, subcompact sedan that slots as the replacement for the VW Polo in the Philippines. This model has carried different nameplates since its release in 1984 when Volkswagen launched a three-box sedan. The subcompact sedan is based on the second-generation Passat. Physically, the Santana looks similar to the Volkswagen Jetta. Details such as the headlights and chrome-accented grille are almost identical to that of its compact counterpart’s bumper. The launch of the Volkswagen Santana was aimed to compete with existing subcompact sedans launched by other automotive manufacturers, such as the Toyota Vios and the Honda City. The cabin still has the signature Volkswagen feel and aesthetic with its three-spoke steering wheel. A height adjustment feature for the driver’s seat was added for more comfortable driving. Further on improving the driving experience, the Santana offers an adjustable steering column that allows you to position the steering wheel at a specific height and distance from the body. Additionally, incorporated in the air conditioning system is an improved pollen filter. One of the Santana’s most unique features is that maintenance only needs to be done once a year, at every 10,000 kilometers mileage.

From ₱755,000

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Cesar G.B. Miguel

Cesar G.B. Miguel

Author

Cesar is a graduate of AB English with previous experience working as a freelance writer for varied internet publications in-between his former stints in the Pharmaceutical Industry, and later as a First Aid Provider and Training Staff at the Iligan City Disaster Risk Reduction and Management Office.

Since childhood, Cesar has been keenly interested in cars. He has learned the ins and outs of these marvelous vehicles and is a competent amateur mechanic who is keen on sharing his knowledge.

Cesar is perceptive of car culture in general – not only in the Philippines but in global regard, as well. His knowledge ranges from the prevalent stories and trends among car enthusiasts around the world, to closely following the latest local and international developments in the automotive industry.

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