National Press Release

HERNDON, Va., April 2 /PRNewswire/ -- VW Credit, Inc. (VCI), recently launched FinanceSource(TM) a partnership between VCI and Dealer Management System (DMS) providers to build applications for faster, more accurate credit application processes for dealers. FinanceSource creates seamless integration between the VCI financing systems and the dealers' DMS systems.

"In our ongoing commitment to create greater efficiencies and improve the customer finance experience on behalf of our Volkswagen, Audi and Bentley dealers, we are pleased to offer this solution," said Hans Bremer, VW Credit, Inc. general manager of credit and funding. "FinanceSource also allows each dealer to complete the credit process entirely within their chosen dealer management system."

VCI will work with DMS provider AutoSoft International to provide credit application integration through FinanceSource. By entering customer information into one user-friendly interface, data entry is simplified, reducing administrative paperwork and the possibility for error.

"With FinanceSource now integrated through our AutoSoft DMS, the deal and financing data flows instantly to VW Credit, Inc. without the need for duplicate entry. This streamlines our process, facilitates quicker loan decisions, and allows us to get the customers through the F&I office much faster," said Bob London, finance director, DFW Audi, based in Euless, Texas. "This is a meaningful time savings for any dealership, especially one with a small finance department."

Finance Source will build and launch credit application integration as the first installment in a suite of solutions. Contract data validation and the ability to receive, approve and save funding documentation electronically will follow. Ultimately, improved cash flow and faster funding are anticipated results for dealers as they strive to maximize cost efficiency and customer service.

About VW Credit, Inc.

VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen Group of America, Inc. (VWGoA), was founded in 1981 to function as the financial service arm of VWGoA and is affiliated with Audi of America, Inc. and Bentley Motors, Inc. VCI, a captive finance company, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services and Bentley Financial Services. The company provides competitive financial products and services to dealers and their customers in the United States.

About AutoSoft

AutoSoft is a provider of PC-based DMS accounting, payroll, CRM, desking, service, parts, body shop and F&I business software. The third-largest DMS provider, AutoSoft has served the DMS needs of auto retailers for more than 20 years. For more information, visit www.autosoft-asi.com

SOURCE VW Credit, Inc.