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Hire Purchase

What is Hire Purchase?

Hire Purchase is a simple and straightforward way to finance your Volkswagen over a period that suits you. With an optional deposit, and fixed monthly payments, it’s much more manageable than you’d expect. Once you make your final payment, and pay the option to purchase fee, you officially become a Volkswagen owner.

Watch our Hire Purchase video below to learn more.

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How do Hire Purchase monthly payments work?

With Hire Purchase (HP), your monthly payments are fixed throughout your contract, which makes budgeting more predictable. Those fixed monthly payments cover the cost of the car, plus interest over a set term, between 12 and 60 months. With a larger initial deposit, you can lower your monthly payments. Once your balance is cleared, and you’ve paid the option to purchase fee, you become the vehicle owner.

Benefits of Hire Purchase

Instead of making one large upfront payment, Hire Purchase (HP) allows you to split the cost into fixed monthly payments, making it easier to manage your monthly budget. While other finance options have strict mileage limits, Hire Purchase has no limits on mileage, so you can take as many long road trips as you want. Once you finish making your final payments, you officially become a Volkswagen owner.

Important Information to be aware of

Ownership of the vehicle will remain with Volkswagen Financial Services until you have paid both the option to purchase fee and all monthly payments. This means the vehicle cannot be modified without permission from Volkswagen Financial Services.

It’s very important that you keep up to date with your monthly repayments so please contact us if you are having any difficulties as the vehicle may be at risk if you don’t.

If you want to know more about Car Finance visit our Finance options explained page to help you understand what to expect when you are considering purchasing a new car.

Frequently asked questions about Hire Purchase

Get answers to commonly asked questions about Hire Purchase cars

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Important information :

  1. Volkswagen Group United Kingdom Limited is authorised and regulated by the Financial Conduct Authority, firm reference number 464440. Volkswagen Group United Kingdom Limited is acting as a credit broker, not a lender. The only lender we will introduce you to is Volkswagen Financial Services (UK) Limited, MK14 5LR. We may introduce you to vehicle retailers, who are acting as credit brokers.

  2. ^ Prices listed are Volkswagen UK’s recommended On The Road (OTR) retail price. Actual prices are set by Volkswagen authorised retailers in their sole discretion – always obtain these prices from your chosen Volkswagen Retailer. Your contract is always with the Volkswagen Retailer. Volkswagen UK’s recommended OTR includes: delivery charge, number plates, new vehicle registration fee, the first year's Vehicle Excise Duty and VAT (calculated at 20%). Images shown may not reflect base specification and depict optional cost options.

    Every effort has been made to ensure the accuracy of the information above. Prices are taken from the Volkswagen website - this website contains a large number of products and it is always possible that, despite our best efforts, some of the products listed may be incorrectly priced. Volkswagen may change prices at any time (this includes where there are government changes in regulation and/or legislation). There may be a delay to any price displaying correctly on our materials and it is always possible that, despite our best efforts, some vehicles may be incorrectly priced. Always check prices with your local retailer.

  4. Please be advised we may not be able to provide valuations for vehicles which are outside certain age or mileage ranges, specialist or customised, or not registered in the UK. The actual sale price is dependent on a number of additional factors, which you can discuss further with your retailer. T&Cs will apply.
  5. Models shown and information provided (including standard equipment) reflect the specification for the current model year, which is the product currently available for order from the factory.  Information may differ from what you have ordered if, for example, you ordered before the change in model year or you ordered a vehicle from stock.  Vehicles available for purchase from stock and those shown within the 'Stock Locator' tool may have a different specification, from a previous model year.  Please contact your chosen retailer for details.