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Personal Contract Hire

How it works

Once you have chosen your Volkswagen and decided on your initial rental you need to make three decisions that will affect the monthly rental payments:

Your repayment period – choose between 12 and 48 months

Choose how many miles you expect to drive each year

Choose to include a service and maintenance plan in your agreement

Once you have paid all outstanding rentals, you simply hand your vehicle back subject to fair, wear and tear and excess mileage charges.

What are the benefits of Contract Hire?

  • Contract Hire is ideal for customers simply wanting to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal ris
  • If you are interested in using the future value of your car to reduce your monthly payments Contract Hire could be a suitable product for you.
  • You won’t own the vehicle and therefore won’t have the worry of ownership, you just have to hand it back at the end
  • There is no additional final payment at the end of the agreement
  • You can build in a service, maintenance and tyres plan to make budgeting even easier

Important information to consider

  • Ownership of the vehicle will always remain with Volkswagen Financial Services and it is really important that you keep up to date with your monthly repayments. Please contact us if you are having any difficulties as the vehicle may be at risk if you don’t
  • Contract Hire agreements are not designed to be settled early. If you wish to end your agreement early you can request an early termination quote to cover the cost of the remaining rentals
  • If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact Volkswagen Financial Services to discuss the options available
  • It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear

Want to know more about finance?

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