Finance at Breeze Volkswagen
Choosing the right Volkswagen finance agreement for you can be difficult, so we’re here to make it easy for you.
Personal Contract Purchase (PCP)
Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car.
It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.
What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).
Contract Hire (CH)
Contract Hire agreements are available for both personal and business customers and are ideal for customers simply wanting to pay a fixed monthly rental for the vehicle, change it on a regular fixed period and have no disposal risk.
You first choose your new Volkswagen, pay an initial rental in advance, followed by fixed monthly rentals to suit your budget. You can even choose an optional maintenance package as part of your agreement which can help take away the hassle of keeping your vehicle in good condition.
It’s different from Personal Contract Purchase (PCP) and Hire Purchase (HP) because there is no option to purchase the car at the end of the agreement and the vehicle must be returned.
Hire Purchase (HP)
Hire Purchase is a simple and straightforward way to finance your Volkswagen.
If you're keen to buy your Volkswagen outright, you have the option to finance it during a period that suits you. If you break it down into monthly payments over time, it's much more manageable than you might think and our fixed interest rates mean you'll know exactly what you're paying from the start.
Once you have chosen your Volkswagen and decided on your deposit, you just need to choose a repayment period between 12 and 60 months. Once you have paid all repayments and the option to purchase fee, the vehicle is yours to keep.