All charged up: Volkswagen Bank offers corporate customers new financing solution for their charging infrastructure
Preserving liquidity and promoting expansion of electromobility
Customers benefit from fast lending decision
Minimum financing amount of EUR 50,000
Volkswagen Bank advises on available subsidies
Braunschweig, 18 August 2022. Volkswagen Bank has started financing charging infrastructure for electric vehicles. The special offer is aimed at companies that want to electrify their vehicle fleet and need to install wallboxes and charging stations at their respective place of business. In addition, the investment financing also covers work on the building, on the existing operating equipment and the connection costs. The installation of a photovoltaic system or a buffer reservoir can also be financed as part of the investment. Moreover, Volkswagen Bank advises on the integration of possible subsidy funding and takes this into account from the outset when planning the individual financing.
"Switching to electric mobility requires many companies to make financially significant initial investments in operating equipment. With our charging infrastructure financing, we help our customers stay liquid in the process while still setting the necessary course for the future. To this end, we have designed the offer to be as transparent and uncomplicated as possible," said Dr. Michael Reinhart, Chairman of the Management Board of Volkswagen Bank GmbH. He added: "At the same time, the offer represents another important step in the expansion of our business model."
In the course of its financing for charging infrastructure, Volkswagen Bank offers its customers a very fast lending decision since the credit ratings are standardized. Loan amounts of EUR 50,000 to EUR 250,000 with a term and interest rate fixation of up to 20 years can therefore be approved quickly and in an unbureaucratic manner. Higher loans above EUR 250,000 are available after a positive balance sheet review.
* An offer from Volkswagen Bank GmbH, Gifhorner Str. 57, 38112 Braunschweig, Germany. Terms and framework conditions subject to change. Conditions dependent on creditworthiness.
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Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial service business of the Scania brand and of Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, bank and insurance activities, fleet management and mobility services. Volkswagen Financial Services have a total of 16,849 employees worldwide – including 7,570 alone in Germany. Volkswagen Financial Services report total assets of around EUR 235.6 billion, an operating result of EUR 5.67 billion, and a portfolio of around 22.0 million current contracts (as at: 31.12.2021).