MINNEAPOLIS —  VW Credit, the financial services arm of Volkswagen Group of America, recently chose Wolters Kluwer Financial Services as a preferred provider of vehicle lease contracts.

Through this new relationship, officials explained VW Credit will provide Wolters Kluwer Financial Services' lease contracts at all Volkswagen, Audi and Bentley dealerships throughout the U.S. The contracts will be used to document leasing agreements with VW, Audi and Bentley customers.

"Our goal is to offer our customers credit options that best fit their needs while providing our dealers with tools that allow them to complete each transaction correctly and efficiently," stated Allen Strang, general counsel at VW Credit.

"Wolters Kluwer Financial Services' lease contracts meet both of those needs," Strang continued.

Wolters Kluwer emphasized its contracts are designed to meet current state and federal requirements on vehicle leasing, including Regulation M, which requires dealers to provide specific pricing information in lease contracts. The company added lease agreements are available for all 51 U.S. jurisdictions and are part of its Bankers Systems line of compliance documents and solutions, which are built on more than 50 years of knowledge and experience.

"Leasing presents a number of variables, which can make its execution more complicated than an auto loan," noted Jason Marx, vice president and general manager of indirect lending and mortgage at Wolters Kluwer Financial Services.

"Our lease contracts provide peace of mind to all parties involved — the dealer, their lender and their customer — that all disclosures are made, language is easy to understand and lease agreements are accurate and compliant," Marx went on to say.

"We are excited to work with VW Credit and make these contracts available to their dealers across the country," he concluded.