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.

Personal finance options explained

Volkswagen finance made simple

Finance doesn’t have to be complicated. If you’re unsure what Representative APR means, or you want to know the difference between Personal Contract Hire and a Personal Contract Plan, you’ve come to the right place. You’ll also find details about tax free sales, which could allow you to buy a new car without having to pay tax if you intend to drive it outside the UK. We’ve put together a range of videos to help guide you through our finance options, scroll down to take a look.

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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

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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

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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

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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.

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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.

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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.

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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