2009 Volkswagen Routan comes with college tuition voucher
December 31st, 1969
This year has seen a larger-than-normal number of advertising and marketing gimmicks as carmakers work to rally sales despite tough conditions. Fuel incentives, loan incentives and employee pricing are just a few of the methods that have been employed. But Volkswagen is taking the idea a step further by depositing $1,500 into a college tuition account for buyers that make a down payment on the Routan minivan.
The account will be held by Upromise, Inc., until it is transferred to a college savings fund, known as a 'Section 529' account. Upromise is owned by SLM Corp., which also owns Sallie Mae Bank, so this is no fly-by-night operation. Already Volkswagen claims 6,000 people have taken advantage of the offer, reports The Wall Street Journal, proving that it works to some degree.
Whether it will see the sort of tepid longer-term response that the fuel-incentive offers of the past few months have received will be a test of time. The new Routan minivan, based on the Chrysler Town & Country platform - which also hosts the Dodge Caravan - will be built by Chrysler for the German carmaker at the company's Windsor, Ontario plant. The production outsourcing is designed to help cut costs.
Chrysler itself has been one of the leading proponents of fuel incentives for its vehicles, with its 'Let's Refuel America' campaign. That effort has been a flop, for the most part, with only about 5-10% of customers taking the fuel offer over the more conventional cash incentives or low-interest financing.
This year has seen a larger-than-normal number of advertising and marketing gimmicks as carmakers work to rally sales despite tough conditions. Fuel incentives, loan incentives and employee pricing are just a few of the methods that have been employed. But Volkswagen is taking the idea a step further by depositing $1,500 into a college tuition account for buyers that make a down payment on the Routan minivan.
The account will be held by Upromise, Inc., until it is transferred to a college savings fund, known as a 'Section 529' account. Upromise is owned by SLM Corp., which also owns Sallie Mae Bank, so this is no fly-by-night operation. Already Volkswagen claims 6,000 people have taken advantage of the offer, reports The Wall Street Journal, proving that it works to some degree.
Whether it will see the sort of tepid longer-term response that the fuel-incentive offers of the past few months have received will be a test of time. The new Routan minivan, based on the Chrysler Town & Country platform - which also hosts the Dodge Caravan - will be built by Chrysler for the German carmaker at the company's Windsor, Ontario plant. The production outsourcing is designed to help cut costs.
Chrysler itself has been one of the leading proponents of fuel incentives for its vehicles, with its 'Let's Refuel America' campaign. That effort has been a flop, for the most part, with only about 5-10% of customers taking the fuel offer over the more conventional cash incentives or low-interest financing.
The account will be held by Upromise, Inc., until it is transferred to a college savings fund, known as a 'Section 529' account. Upromise is owned by SLM Corp., which also owns Sallie Mae Bank, so this is no fly-by-night operation. Already Volkswagen claims 6,000 people have taken advantage of the offer, reports The Wall Street Journal, proving that it works to some degree.
Whether it will see the sort of tepid longer-term response that the fuel-incentive offers of the past few months have received will be a test of time. The new Routan minivan, based on the Chrysler Town & Country platform - which also hosts the Dodge Caravan - will be built by Chrysler for the German carmaker at the company's Windsor, Ontario plant. The production outsourcing is designed to help cut costs.
Chrysler itself has been one of the leading proponents of fuel incentives for its vehicles, with its 'Let's Refuel America' campaign. That effort has been a flop, for the most part, with only about 5-10% of customers taking the fuel offer over the more conventional cash incentives or low-interest financing.
More from MotorAuthority
-
11/09/2009
Keating Boasts 260.1 MPH Top-Speed For TKR Supercar
You may recall that we first reported about British sports car manufacturer ...
-
11/09/2009
Jaguar Launches New R Performance Academy
For some, a day at the track driving the fastest Jaguars on sale today ...
-
11/09/2009
2010 BMW M3 GTS Shows Off In Pair Of New Videos
Over 400 pounds lighter, a whole lot less concerned about comfort and far, ...
More from High Gear Media
-
LexusReports.com | 11/09/2009
NHTSA Takes a Swipe at Toyota Over Recall Claims
The drama surrounding Toyota's floor mat related recall just won't go ...
-
TheCarConnection.com | 11/09/2009
First Drive Of The ActiveHybrid X6, A Plug-In Hybrid Caddy: Today’s Car News
BMW has managed to keep its “ultimate driving machine” ethos ...
-
TheCarConnection.com | 11/09/2009
Cash-For-Clunkers Reveals Weakness Among Detroit Brands
It's obvious from the comments on this site and others in the High Gear ...



Comments (4 total)
Meet the top commenters on the LeaderboardBy HECTOR #1, Posted: 8/26/2008
I rather my kids work at a car wash when they grow up than buy this horrible looking and probably unreliable crapmobile.
By NoNameDenton #2, Posted: 8/26/2008
Yeah Hector, everyone has dreams of their kids working for minimum wage the rest of their lives.
By craigs #3, Posted: 8/27/2008
This discussion is interesting!! :-)
By Paul #4, Posted: 8/27/2008
It's just an incentive. Not a way of life. I'm sure almost everyone who takes advantage already wanted the VW. There just trying to get people to feel good about their purchase.
"Just sign right here and will bring it around for you....."
Hey is VW still doing the carbon offset program? At least this one gives u something tangible.
Post a Comment
Sign In |