How it works
Once you have chosen your Volkswagen and decided on your initial rental you need to make three decisions that will affect the monthly rental payments:
Your repayment period – choose between 12 and 48 months
Choose how many miles you expect to drive each year
Choose to include a service and maintenance plan in your agreement
Once you have paid all outstanding rentals, you simply hand your vehicle back subject to fair, wear and tear and excess mileage charges.
What are the benefits of Contract Hire?
Contract Hire is ideal for customers simply wanting to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal ris
If you are interested in using the future value of your car to reduce your monthly payments Contract Hire could be a suitable product for you.
You won’t own the vehicle and therefore won’t have the worry of ownership, you just have to hand it back at the end
There is no additional final payment at the end of the agreement
You can build in a service, maintenance and tyres plan to make budgeting even easier
Important information to consider
Ownership of the vehicle will always remain with Volkswagen Financial Services and it is really important that you keep up to date with your monthly repayments. Please contact us if you are having any difficulties as the vehicle may be at risk if you don’t
Contract Hire agreements are not designed to be settled early. If you wish to end your agreement early you can request an early termination quote to cover the cost of the remaining rentals
If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact Volkswagen Financial Services to discuss the options available
It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear. It is also important to ensure that all accident repairs meet Volkswagen's standards as again you may be charged if the repair is substandard