The Itty Bitty NOVA VW Committee

[DavidM]

Yep, we'll be refinancing our loans right after we make the first payments

So I did a thing....

But on this topic, the financing language does state no penalty for early payment although my finance guy said that they have anecdotal evidence of VW financing going after people who close the loans withing 90 days to try to get some of the incentive pricing back.  It sounds like their loan portfolio got crushed by all the buy backs so that's why they are offering all the incentives and they really want all of the loans to fully process. 

FWIW I got 2.9% through VW, which is only about a quarter off what my credit union would offer (maybe I need a better credit union?) - ends up being ~$150 over the life of the loan.

EDIT: I also put a good chunk down, if you finance the whole thing obviously that difference will be higher. Apparently you have to finance at least $20K to get the incentive pricing.