Volkswagen Financial Services, the captive finance arm of VW Group of America, has reached a multi-year co-branded agreement with Wells Fargo for the latter to be the preferred purchase financing provider for VW, Audi and Ducati brands in the U.S. market.

The partnership will begin in April for Audi and VW dealers, with Ducati coming aboard after, the companies said in a news release.

VWFS will continue servicing existing customer contracts and will continue leading the customer experience in the U.S. with VW, Audi and Ducati brand partners and dealers.

Once the transition is completed, the VWFS focus will be on consumer leasing and usage-based products like mobility solutions.

With the agreement, Wells Fargo will provide a dedicated purchase experience for more than 600 VW dealers in the U.S., along with 300 Audi stores and 130 Ducati dealers here.

Tanya Sanders, head of Wells Fargo Auto, said in the release, “We are proud of working with Volkswagen Financial Services U.S. to take another significant step forward in the ongoing transformation of our auto business. Our two companies share a commitment to continuously innovating and creating great experiences, and this relationship will deliver a superior experience for VW, Audi and Ducati dealers and customers.”

“We continuously evaluate our global business to make bold decisions that best position us in each of our markets,” VW Group of America president and CEO Pablo Di Si said. “By aligning ourselves to respond to evolving market dynamics through this partnership, we’re able to more effectively support the needs of Volkswagen, Audi and Ducati while providing tremendous opportunities for Volkswagen Financial Services in the U.S. market in the future.”

Ernst Jan van Eijkelenburg, president and CEO of VW Credit, Inc., and region manager for the North American region, added, “This is a union of great strengths, as Volkswagen Financial Services U.S. will remain the host of automotive expertise, supporting our brands, dealers and customers, while Wells Fargo will join us in offering its retail financial services capabilities and comprehensive balanced book to offer outstanding retail solutions.”