As a wholly owned subsidiary of Volkswagen AG, Volkswagen Financial Services AG operates and coordinates the financial services activities of the Volkswagen Group throughout the world. Volkswagen Financial Services AG has a total of more than 5,163 employees worldwide. Its total assets amount to EUR 80.5 billion (as at 31.12.2018).
As partner to the Volkswagen Group brands, Volkswagen Financial Services AG makes an important contribution to promoting sales and ensuring long-term customer loyalty to products from Volkswagen, Audi, SEAT, ŠKODA, Ducati, Volkswagen Commercial Vehicles, MAN, and other Group brands.
Volkswagen Financial Services AG is a longstanding partner of the dealership network – as a provider of financial services and as an aide and advisor. In addition to vehicle financing and leasing, the company offers various mobility services such as fleet management and rental solutions ranging from passenger cars to heavy commercial vehicles.
The company's approach of being able to offer everything from a single source has to date brought about many successful products (in addition to vehicle insurance): reliable services without any cost surprises. That is the case whether you use your car privately or operate an extensive fleet of company vehicles. Increasingly, customers will also be able to take advantage of convenient mobile payment solutions: in Germany, for example, with Travi Pay, a mobile payment solution from the Volkswagen Financial Services subsidiary Sunhill Technologies. In the international arena too, Volkswagen Financial Services AG has taken up a leading position in the mobile billing of parking fees with the acquisition of the company PayByPhone.
In this way, Volkswagen Financial Services AG will also be striving to occupy a prime position among the competition in future as well, for example in the field of services resulting from new forms of mobility and the requirements of fully networked motor vehicles.