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Posted:17 January 2020 | Category: Car Finance

Different Volkswagen Finance Options Explained

Whether you are looking to buy a Volkswagen Up! Or the Volkswagen Touran, financing your new or approved used car will no doubt be an area you will need to give some thought to. And, whether you are a private buyer looking for a car for yourself & your whole family, or you are buying a business vehicle or you are a fleet buyer, at Sinclair Volkswagen South Wales, we have a range of different financing options that will suit your needs. 

We offer a range of different finance options that are both flexible and affordable. Finance can be worked around your budget. While we are experts in helping you find the right vehicle for your needs, we are also here to help you find the most effective way of paying for your new car, that suits you best. 

Volkswagen Solutions Personal Contract Plan

The Solutions Personal Contract Plan (PCP) is a flexible finance plan that is designed to let you drive away in your new or used vehicle in no time at all. 

The plan offers a flexible deposit with fixed monthly payments. At the start of the plan, the future value of the vehicle will be determined and agreed upon. This value will be based on estimated depreciation, the age the car will be, and estimated mileage.  And then, at the end of the contract plan, you will be given three different options. You can either pay the lump sum agreed so that you will own the vehicle outright, you can return the car to the dealership, or enter into a new personal contract plan and get a completely different vehicle. 

The PCP finance arrangement allows enjoying driving the car that you like at a potentially lower monthly cost than other financing options based on the deferred sum payable at the end of the agreement should you choose to keep the vehicle. 

Volkswagen Hire Purchase

Hire Purchase (HP) allows a customer to purchase the car that they want without getting weighed down with the up-front cost of buying the car. A HP arrangement offers a flexible deposit, fixed monthly payments, and you will own the vehicle outright at the end of the agreement. 

Volkswagen Personal Contract Hire (PCH) 

Contract Hire is an agreement whereby the customer hires the vehicle from the dealer. This straightforward arrangement does not offer the customer the option to ever own the vehicle themselves. At the end of the contract period, the vehicle gets returned to the dealer. There will be terms and conditions in place regarding the servicing, mileage, and maintenance of the vehicle.

The Contract Hire arrangement has a fixed initial rental with fixed monthly rental payments paid throughout the term of the arrangement. At the end of the arrangement, the car goes back to the dealer. 

To discuss the financial arrangements of your next vehicle in-depth, or to find a payment plan to help with the purchase of your new Volkswagen, get in touch with Sinclair Volkswagen. You can find dealerships in Bridgend, Cardiff, Newport, Neyland, Port Talbot, and Swansea.