Finance Options

Whether you’re purchasing a vehicle through your business or privately, whether you’re looking to buy or lease, or rent, whether you want to keep the vehicle for a long time, or trade it in – Volkswagen Financial Services offers a range of finance products to suit you. There are basically three ways of financing your Volkswagen through us, each of which has certain advantages:		Purchase Price Deposit Financed Residual Period 12 months 18 months 24 months 30 months 36 months 42 months 48 months 54 months 60 months 66 months 72 months Interest Rate Select 25% 24.5% 24% 23.5% 23% 22.5% 22% 21.5% 21% 20.5% 20% 19.5% 19% 18.5% 18% 17.5% 17% 16.5% 16% 15.5% 15% 14.5% 14% 13.5% 13% 12.5% 12% 11.5% 11% 10.5% 10% 9.5% 9% 8.5% 8% 7.5% 7% Payment pm Disclaimer Total Repayments Total Finance Costs
Instalment Sale Under an instalment agreement you buy an asset with a view to owning it at the end of the credit agreement. An instalment sale agreement may be structured to include a balloon payment; or the instalment payments can be equal over the entire agreement period, with no balloon payment. At the end of the instalment agreement, provided you have paid all amounts due, you will automatically become the owner and the title-holder of the asset. You need to contact Volkswagen Financial Services or we will contact you, to initiate change of title-holder and re-register the vehicle in your name. Rental The National Credit Act (NCA) implemented from 1 June 2007, does not govern true rental agreements. Ownership however will never pass to you. A true rental agreement is a type of finance agreement where you are paying for the use of the asset. When entering into a rental agreement, you are not buying or leasing the asset with a view to owning it at the end of the credit agreement. At the end of the agreement you must return the asset to Volkswagen Financial Services. You must return the vehicle in good condition and within the agreed mileage restrictions and parameters. Should you exceed the restrictions you will be responsible for paying any restoration costs (except for fair wear and tear) and excess mileage costs. Lease Under a lease agreement, you lease an asset with a view to either returning the asset at the end of the credit agreement or, you can elect to take ownership of the asset on the conditions set out in the agreement (and once you have paid all amounts owing). If you elect to buy the vehicle at the end of the agreement, (once you have paid all amounts due under the credit agreement) you will become the owner and the title-holder of the asset. You need to contact Volkswagen Financial Services or we will contact you, to initiate change of title-holder and re-register the vehicle in your name.