Volkswagen PCP Finance

Scratching your head wondering where to find the best Volkswagen PCP deals? Relieve the itch here at Car Money, as we can steer you in the right direction. We can advise you on what exactly personal contract purchase entails, as well as providing you with a no-fuss, transparent and quick VW PCP car finance service.

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HP Finance
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PCP Finance
PCP consists of paying an initial deposit, followed by monthly payments.

Representative Example: Borrow £7,000 with £1,000 deposit over 48 months with a representative APR of 15.9%, monthly payment would be £166.52, with a total cost of credit of £1,992.92 and a total amount payable of £7,992.92.

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Volkswagen PCP Finance

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Personal Contract Purchase Explained (PCP)?

Personal contract purchase is, essentially, just another loan for getting a new car. However, unlike with a hire purchase agreement, you pay only on the depreciation of the vehicle. After you pay an initial deposit, you then follow up payment of the loan with monthly repayments. And when the finance terms end, you don’t own car; unless you want to (we’ll cover that soon).

So if you prefer a flexible car finance option that allows you to lease a car for shorter terms, before being able to change your car every 2-4 years, then a PCP car finance deal would suit you well.

Choose a Volkswagen PCP finance deal, and drive away with a new car on finance. And when you think it’s time for a change, you can quickly and easily upgrade your car. So whether you are after a sporty Golf or reliable Polo, you can do so with a Volkswagen PCP quote from Car Money.

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Is Volkswagen PCP finance right for you?

The main benefit of personal contract purchase agreements is that they are ideal for people who like to change cars quite often. But there are a few more benefits of PCP that you should know about before fully committing to it.

Here are some more benefits of opting for a Volkswagen PCP finance agreement:

  • Take advantage of a low initial deposit & lower monthly repayments. You could drive away a better car than you would if you choose a HP finance agreement.
  • A specified Guaranteed Minimum Future Value (GMFV), therefore protecting you from market fluctuations.
  • It’s a very flexible method of car finance, leaving you with a few options at the end of the agreement, with the option to buy the car outright if you’ve grown to love it.
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Your Volkswagen PCP finance deal ends. What next?

When you get a new car on a Volkswagen PCP finance agreement, there are 3 options you’ll want to consider when the contract finishes. If you want to keep the car, you can simply buy it outright with a one-off balloon payment. This isn’t recommended for PCP car finance agreements, but if you absolutely have to keep the car, then you can. By contrast, perhaps a PCP agreement didn’t suit you. Well that’s no problem. You are free to walk away at the end of the finance term, providing any outstanding charges have been paid (eg. Over-mileage charge or damages).

The most popular option is to switch to a new car by accepting a new PCP agreement, allowing you to upgrade to another Volkswagen or change make and model completely. That’s the beauty of opting for a Volkswagen PCP finance deal. Get in touch today and find out how we can get the best Volkswagen PCP deals for you. Take our Volkswagen PCP finance calculator for a spin and drive away a brand new Golf or Polo!

Can I give my car back early PCP Volkswagen?

When it comes to ending your PCP finance agreement early, there are multiple ways to go about this. But it is important to remember that every deal is uniquely catered to each person, also each lender has different cancellation policies. We have a really helpful guide to cancelling car finance you can use to understand a little better the options you have.

We compare the best deals from over 20 lenders

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