Volkswagen lures customers with college savings option
For customers who purchase the new Routan minivan and make a down payment, Volkswagen will deposit $1,500 into an account held by Upromise Inc., a subsidiary of SLM Corporation which owns Sallie Mae Bank. The money can then be moved into a Section 529 college savings account. The folks at Volkswagen report that there have been 6,000 takers so far.
To qualify for the rebate program, vehicles must be purchased or leased by August 31, 2008 and delivery must occur by November 30, 2008.
The price range for the Routan is from $24,700 to $38,400. The vehicle is to be produced by Chrysler and based on the Dodge Caravan and Chrysler Town & Country platform.
You can read more information about the program on the Upromise Web site .