Volkswagen lures customers with college savings option

Hello 60s? Volkswagen is calling. The renowned manufacturer of the hippie vehicle of choice, the Volkswagen bus, is once again trying to lure the college audience, or at least the parents of college students, many of whom probably drove a bus in the 60s, by issuing a new minivan with an added incentive - $1,500 that can be moved directly into a 529 college savings account.

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.

You may like these other stories...

Event Date: September 11, 2014, 2pm ETThis webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities. DOWNLOAD THE SLIDE DECKDOWNLOAD THE...
Event Date: August 26, 2014, 1pm ETThis webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates  for non-public, non-governmental entities. DOWNLOAD THE SLIDE...
Event Date: August 19, 2014, 2 pm ETThe process for taking the Uniform CPA Exam continues to improve and evolve.   Amber Setter will share her expertise to prepare candidates and their employers for licensure...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.