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.

PCP

HP

CS

Dealer Finance

 

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.

Breeze Motor Company Ltd, Breeze (Southampton) Ltd and Breeze Motorcycles Limited are Appointed Representatives of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Breeze Motor Company Ltd, Breeze (Southampton) Ltd and Breeze Motorcycles Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.

We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time.

If you are selecting a Volkswagen ID.3, ID.4, ID.5 or ID.7 then all prices shown are MDP (Manufacturer’s Direct Price), inclusive of VAT. Sold by Volkswagen Passenger Cars, a trading division of Volkswagen Group United Kingdom Limited. MDP includes: delivery to Agent, number plates, new vehicle registration fee, the first year’s Vehicle Excise Duty and VAT (calculated at 20%). Volkswagen Passenger Cars may charge the MDP at any time (this includes where there are government changes in regulation and/or legislation). There may be a delay to any MDP prices displaying correctly on our materials.