Finance Products

Hire Purchase

If you’re set on owning your Volkswagen vehicle then hire purchase is a straightforward way to pay for your Volkswagen. You make an initial payment, then the balance is spread equally over one to five years helping you to select instalments that match your budget. At the end of the agreement, once you have made all the payments (including the option to purchase fee) you will then own your vehicle.

Personal Contract Plan

Solutions is the smart way to keep your options open. And you may be pleasantly surprised by which car you can afford. our Personal Contract Plan (PCP) allows you to make payments over a period of time, which may be a more flexible alternative to Hire Purchase. We’ll agree a future value on your vehicle up front based on how much you drive meaning you won’t need to worry about the vehicles future value. First you pay a deposit you can choose to put down a small sum initially and then defer a proportion of the vehicle’s value until the end of the agreement, which could reduce your payments. Then you make small fixed monthly payments for 18-48 months at the end of your contract you have 3 options: Give the vehicle back, select a new Vehicle or buy your current vehicle

Contract Hire

• Fixed monthly payments, so you can plan ahead
• No lump sum at the end of the agreement
• Change vehicles and drive the latest models
• Add servicing and maintenance for full peace of mind

Our Contract Hire agreement could be perfect for you if you want to drive your Volkswagen without worrying about its future value or the hassle of eventually selling it. We arrange a plan of fixed monthly rentals lasting from one year to five years. At the end of the contract you simply hand the vehicle back, subject to mileage and vehicle condition, and start a new agreement on a brand new Volkswagen.

So you can budget ahead for your vehicle’s set monthly costs, and you can add service, maintenance and tyre costs to your agreement. It may even be possible for your business to recover the VAT on these elements, too. We strongly recommend that you take independent tax advice to find the best financial option for you. Subject to terms and conditions, including mileage and condition of vehicle.

Contract terms:

• Repayments: between 12 to 60 months
• Maximum mileage: 200,000 at contract end
• Minimum advance rentals: 1 month for new vehicles; 3 months for used vehicles

Finance Lease (Full Payout)

• No concerns about ownership
• Opportunity to share in the sale proceeds at the end of the agreement
• Choose from: full payout or balloon

Your monthly rental payments will be slightly higher than with the balloon option. There is no final rental payment, which means no risk for you and your business, and a share of the sale proceeds at the end of the contract.

Contract terms:

• Repayments: between 12 to 60 months
• Maximum mileage: 200,000 at contract end
• Minimum advance rentals: 1 month for new vehicles; 3 months for used vehicles

Finance Lease (Balloon)

Our monthly rental payments will be lower than with full payout. You make a final rental payment, which is usually settled from the sale proceeds. The balloon agreement means more affordable monthly payments or a new vehicle more often. You may also receive a rebate of rentals from any excess sale proceeds or a part-exchange allowance agreed with your Van Centre.

Contract terms:

• Repayments: between 12 to 60 months
• Maximum mileage: 200,000 at contract end
• Minimum advance rentals: 1 month for new vehicles; 3 months for used vehicles

Hire Purchase

• Own the vehicle at the end of the agreement
• Fixed repayments with no final balloon payment

Hire Purchase is a simple, affordable way to buy your vehicle. Simply agree the term and monthly repayments, and once you’ve made the last payment, the vehicle is all yours.^ Pay a deposit that suits your current cash flow, and repay the balance over a term chosen to meet your desired monthly budget.

Contract terms:

• Repayments: between 12 to 60 months
• No maximum mileage
• Deposits from 10% plus VAT
• No final balloon payment at the end of the agreement

Lease Purchase

• Own the vehicle at the end of the agreement
• Reduce your monthly payments

Lease Purchase gives you lower monthly payments than Hire Purchase, by deferring a balloon payment to the end of the agreement. This is generally settled from the sale proceeds or part-exchan ge allowance agreed with your Van Centre. Lease Purchase is great for small businesses that want to keep control of their cash flow or change vehicles sooner. After you make the final balloon payment you own the vehicle outright.^

Contract terms:

• Repayments: between 12 to 49 months
• Maximum mileage: 280,000 at contract end
• Minimum advance rentals: 1 month for new vehicles; 3 months for used vehicles