Capital Car Finance have some amazing finance deals available for new and used Volkswagens, our VW PCP [Personal Contract Purchase] and LP (Lease Purchase) car finance products have been enjoyed by our customers for many years.
We pride ourselves on our transparent “one to one” professional service, which is why most of our customers come back to us time and time again, please see our testimonials for more information. Our car finance products are available for all Volkswagen vehicles up to 5 years old, providing they are supplied by an approved UK Volkswagen dealership, we have deals available for both business customers or private customers.
Please find details below on all our available new and used Volkswagen car finance products, alternatively why not give us a call to discuss the various options we can offer with a dedicated experienced adviser, call us now on 01925 589020 and we discuss your options.
PERSONAL CONTRACT PURCHASE (PCP)
Capital Car Finance Specialise in New & Used Volkswagen Car Finance including, Volkswagen PCP Finance, Volkswagen Lease Purchase.
At Capital Car Finance we have the ability to offer our customers a very low rate of interest (From just 6.4% APR Representative) together with industry leading GMFV’s making Volkswagen cars very affordable.
VW PCP Car Finance is very useful if you drive a company car and are opting out of a company car scheme for example (Cash for Car), because you can use your company car allowance or mileage reclaims to fund your monthly PCP payments and avoid paying excessive company car taxes.
Volkswagen Car Finance - How Does It Work?
PCP – OPTION 1
PCP – OPTION 2
PCP – OPTION 3
Benefits of PCP Car Finance
The VW PCP plan provides the option of driving a higher specification Volkswagen for lower monthly payment, unlike traditional methods of car finance, this is achieved by deferring a percentage of the total cost of the VW to the end of the contract, which is known as the guaranteed minimum future value.
At the beginning of the agreement, you decide on the total mileage you expect to do. If, at the end of the agreement, having chosen to hand your Volkswagen back to the finance company, your mileage exceeds the agreed level, you simply pay a fixed amount for every extra mile.
Wear & Tear
It is in your interest to minimise ‘wear and tear’ on your VW and not exceed the agreed mileage. When the agreement has finished, the vehicle may well be worth more than the GMFV, providing you with extra value, In simple terms ‘normal wear and tear’ means that for its age and mileage, your Volkswagen is in fair working order, condition and repair.
Benefits of Lease Purchase
● Settlement can be made at any stage of the agreement.
The customer will normally benefit from a slightly lower finance rate with a VW Lease Purchase product as there is no guarantee offered at the end of the contract, the deferred lump sum amount at the end of the agreement is known as the Residual Value (RV) or balloon, and this has to be paid by the customer for outright ownership of the vehicle. Deposits for Lease Purchase are flexible, normally a minimum of 10% and a maximum of 40% of the total vehicle price, repayment periods are taken over 3 or 4 years typically.
The Residual Value (RV) (sometimes called the balloon) at the end of the agreement reduces the regular monthly payments accordingly, thus making vehicles that traditionally have a strong Residual Value (RV) like Volkswagen, more suitable for this type of product as they make repayments far more affordable.
The Residual Values (RV) is calculated and set at the beginning of the lease purchase finance agreement but is not payable until the end of the contract, there are realistically two options for an VW Lease Purchase at the end of the term, 1. Pay off the residual value in cash or settlement by part-exchange or 2. Some lenders will allow the residual value to be spread over a secondary period and refinanced again.
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