Rear shot of a yellow Volkswagen T-Roc, on a dark brick road.
Rear shot of a yellow Volkswagen T-Roc, on a dark brick road.
Rear shot of a yellow Volkswagen T-Roc, on a dark brick road.

Finance options explained

  1. Finance options explained
Volkswagen finance made simple

We have lots of great videos to help you understand finance and what to expect when you are considering purchasing a new car

Solutions Personal Contract Plan Explained

For personal customers

Solutions PCP is our flexible finance plan designed to allow you to drive a new or used vehicle sooner than you may think

- Flexible deposit
- Fixed monthly payments
- Agreed future value
- 3 options at the end - Keep it, change it or own it

Hire Purchase Explained

For personal customers

Hire Purchase is a simple and straightforward way to finance your Volkswagen

- Flexible deposit
- Fixed monthly payments
- Ownership at the end of your agreement

Personal Contract Hire (PCH) Explained

For personal & business customers

Contract Hire is a rental agreement that allows you to drive a Volkswagen without needing to own it

- Fixed initial rental
- Fixed monthly rentals throughout the term
- Hand the car back at the end of your agreement

Representative APR Explained

APR stands for the Annual Percentage Rate. The Representative APR indicates the annual costs applied to your loan (including not just the rate of interest but also any fees). All lenders have to calculate the APR in the same way, making it a reliable way to compare the costs of different loans.

APR (Annual Percentage Rate) Explained

APR stands for Annual Percentage Rate and is a way of indicating the amount of interest you will have to pay over a year.

Optional Final Payment Explained

Some finance types give you a future value your car will be worth at the end of your finance agreement, this is called the optional final payment or guaranteed future value and it does just that. By giving you protection that your vehicle will be worth this amount as a minimum at the end of your finance term.

Finance Equity Explained

Equity is the value of your financial interest in a vehicle, calculated by subtracting the amount of the loan you have yet to pay off from the overall price of your car. If the actual value of your car exceeds the car’s guaranteed minimum future value, the extra money is equity that can be used as a deposit on your next car.

Volkswagen Passat parked in wet street

Existing finance customers

At Volkswagen Financal Services, we always like to be easy to deal with. Whether you want to make changes to your agreement or just need some friendly help, we’re always here to assist.

Early Settlement Explained

Early Settlement is the termination of a finance agreement by paying all monies outstanding before the lease end date. When settling early it is important to note you could be liable for additional interest charges.

Comparing Finance Quotes

Not sure which is the best finance type for you when it comes to buying your next car? Our video will help explain what to look for so you can compare quotes accurately. 

Volkswagen Lease&Care Explained

Volkswagen Lease&Care is a leasing agreement with a level of servicing included in your monthly payments that allows you to drive a Volkswagen ID without needing to own it. Care packages consist of Small, Medium and Large which gives you the option to choose the right care package to suit your needs.

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