Volkswagen Car Finance Deals

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  • Freedom to Choose Different Types of Vehicles
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  • Flexible Terms
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Volkswagen is still among the most liked car brands in the UK. They have many different models for all kinds of needs. You can find compact city cars as well as bigger SUVs. They offer good finance options, like Personal Contract Purchase (PCP), Hire Purchase (HP), and Contract Hire. This makes it easy for you to own or lease a new Volkswagen.

Key Facts

  • In 2022, Volkswagen sold over 139,000 cars in the UK. This keeps it as one of the best-selling car brands.
  • More than 80% of Volkswagen sales in the UK are through different car finance options. This makes it one of the most financed brands.
  • The Volkswagen Golf and Volkswagen Polo are still two of the best-selling models in the UK, selling thousands of units each year.
Volkswagen Sales in UK

Popular Volkswagen Models on Finance

Volkswagen Polo

The Volkswagen Polo is one of the cheapest cars offered, but it still has good quality and a nice driving feel. This small hatchback is a favourite for city drivers who like style and dependability without spending too much money. It also comes with finance options like PCP and HP. This means you can enjoy low monthly payments and have flexibility at the end of your agreement.

  • PCP finance lets drivers enjoy lower payments. They can choose an optional final payment to fully own the car or return it at the end of the contract.
  • The Volkswagen Polo is very popular. It helps Volkswagen stay strong in the UK market.

Volkswagen Golf

The Volkswagen Golf is a well-known car. People like it for its great performance, good fuel efficiency, and advanced technology. It has more space and power than the Polo. This makes it a great choice for driving around the city or going on long trips. There are finance options such as Hire Purchase and PCP that make owning a Golf possible for many drivers.

  • Customers can choose to pay for the car with HP finance over a specific time. After that, they will fully own the vehicle.
  • The Golf keeps its value well. This makes it a great pick for people who want PCP finance. It helps them have a lower cost for the future value.
Popular Volkswagen Models on Finance

Volkswagen SUVs on Finance

Volkswagen has several SUVs to choose from. These include the Volkswagen Tiguan, Volkswagen Touareg, and Volkswagen Touran. You can finance them using PCP, HP, or Contract Hire options.

  • The Volkswagen Tiguan has a roomy inside and is very good on gas. This makes it a great choice for families. With finance options such as Contract Hire, drivers can lease the car for a specific time. They will have fixed monthly payments and will not own the car in the end.
  • The Volkswagen Touran and Touareg are bigger models that provide even more space. They offer great value for families or anyone needing extra room for long journeys.

Compare HP Car Finance

HP finance suits those unable to pay the full amount upfront. The agreement outlines the total cost of credit, interest rate, and duration.

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Car Finance Options for Volkswagen

Personal Contract Purchase (PCP)

PCP finance is a well-liked option for Volkswagen drivers in the UK. It offers low monthly payments. At the end of the agreement, drivers have a choice. They can either make an optional final payment to own the car or return it.

  • PCP makes it simple to get a new car when the contract ends. This option is great for people who want to drive new models without fully owning them.
  • The future value of the car is set at the beginning of the contract. This helps customers feel secure about the car losing value over time.

Hire Purchase (HP)

For people who want to fully own their Volkswagen, Hire Purchase is a simple choice. You start by making a deposit. Then, you can pay the rest over several months through fixed monthly payments. When all the payments are done, the car is yours. There are no mileage limits like with PCP.

  • HP finance is great for people who want to keep their car for a long time. This is especially true for models like the Volkswagen Golf and the Volkswagen Touareg.

Contract Hire (Leasing)

For people or businesses wanting a new car without needing to own it, Contract Hire is a smart choice. You can drive a Volkswagen Polo, Golf, or Tiguan. You make set monthly payments and return the car when the contract ends, with no need to buy it.

  • Contract hire deals usually include maintenance. This makes it easy for people who don’t want to worry about repair costs.
PCP vs HP vs Contract Hire

Flexibility and Early Settlement

Volkswagen car finance deals offer flexible options for early settlement. You can choose PCP or HP, and you can pay off your finance agreement early or trade in your car for your next one. This flexibility helps drivers manage their finances based on their personal situations.

Finance Calculator

Use our car finance calculator to find the best Volkswagen finance deals for your budget. You can change things like APR, mileage, and contract length. This helps you find the cheapest monthly payments for your next Volkswagen. You will get a deal that fits your financial needs perfectly.

What Do I Need to Get Volkswagen Car Finance?

To get Volkswagen car finance, you will need these things:

  • Proof of Identity: A valid passport or driving licence is needed to confirm your identity.
  • Proof of Address: Recent utility bills or bank statements should show your current address.
  • Proof of Income: Recent payslips or bank statements need to prove you can afford the monthly payments.
  • Employment Details: You should share information about your current job to assess financial stability.
  • Credit History: Your credit score affects the finance options and interest rates you can get.
  • Deposit: A deposit might be needed based on the finance plan, like PCP or HP. Special offers, such as Volkswagen finance deals, can help lower this cost.
  • UK Residency: You may need to show proof of UK residency, usually for three years.
  • Age: You must be at least 18 years old to apply. Most lenders prefer those over 21 with an established credit history.
  • Driving Licence: A valid provisional or full driving licence is required.
  • Vehicle Details: Lenders may ask for information like the car’s mileage, value, and age, especially for specific models such as the Volkswagen Golf or Volkswagen Polo.

Compare Car Finance

Various finance options cater to different financial circumstances, and researching these options can help find the best deal.

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How do Volkswagen car finance deals compare to other car manufacturers?

Volkswagen car finance deals are competitive, often offering low APR rates and flexible payment options. Volkswagen's reputation for reliability and resale value also adds to the appeal. By leveraging their strong brand presence and financial services, Volkswagen sets itself apart in the car financing market.

FAQs About Volkswagen Car Finance

Yes, you can finance new and used Volkswagen cars using Personal Contract Purchase (PCP) or Hire Purchase (HP). Both choices are flexible. PCP offers lower monthly payments and you can make an optional final payment to own the car at the end. HP allows you to own the car completely after you finish all payments. Popular used cars for these finance options are the Volkswagen Polo and Volkswagen Golf.

Yes, you can pay off your PCP and HP finance agreements early. You can choose to settle the remaining balance whenever you want. There might be a small fee for doing this, based on your contract terms. This option lets you finish your finance sooner or even trade it in for a new Volkswagen model. This can help make your finances easier to handle.

Car Finance Options for Popular Car Makes

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Page last updated on: 24/10/2024

Page reviewed by: Andrea Troy

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