Volkswagen Hire Purchase Calculator
Calculate your Volkswagen Hire Purchase monthly payments for Golf, Passat, Tiguan, Touareg, ID.3, ID.4. Get instant quotes with our free Volkswagen HP finance calculator.
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Volkswagen Hire Purchase Calculator
Your Volkswagen Hire Purchase Results
Amount to be financed
£25,500.00
Monthly payment
£609.45
Term
48 months
Total Amount Paid
£33,753.45
Total interest
£3,753.45
You own the car after
48 months
About Volkswagen Hire Purchase
Volkswagen Hire Purchase is a straightforward way to finance your Volkswagen.You pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the car.
Volkswagen Financial Services offers competitive HP rates, typically ranging from 4.9% to 9.9% APR. Unlike PCP, there's no final balloon payment - you make equal monthly payments throughout the term.
Volkswagen HP is ideal if you want to own your Volkswagen outright and prefer predictable monthly payments. You can also settle the agreement early to save on interest charges.
Volkswagen Hire Purchase FAQs
What is Volkswagen Hire Purchase?
Volkswagen Hire Purchase (HP) is a straightforward financing option where you pay a deposit and then make fixed monthly payments over an agreed term. Once all payments are complete, you automatically own the Volkswagen.
How does Volkswagen HP differ from PCP?
Unlike Volkswagen PCP, Hire Purchase has no final balloon payment. You make equal monthly payments throughout the term and automatically own the car at the end. HP typically has higher monthly payments but lower total cost.
What Volkswagen models are available on HP?
All Volkswagen models are available on Hire Purchase including the Golf, Passat, Tiguan, Touareg, ID.3, ID.4. Volkswagen also offers HP on their vehicles with competitive rates and flexible terms.
What is the typical APR for Volkswagen HP?
Volkswagen HP APR rates typically range from 4.9% to 9.9% depending on the model and your credit profile. Volkswagen often offers promotional rates on selected models, sometimes as low as 0% APR.
How much deposit do I need for Volkswagen HP?
Volkswagen HP typically requires a minimum deposit of 10-20% of the car's value. For a £30,000 Volkswagen, you'd typically need a £4,500-£6,000 deposit. You can put down more to reduce monthly payments.
Can I get Volkswagen HP with bad credit?
Volkswagen Financial Services offers HP to customers with various credit profiles. Those with excellent credit will get the best rates, but Volkswagen will work with you to find suitable terms based on your circumstances.
Can I pay off Volkswagen HP early?
Yes, you can settle your Volkswagen HP agreement early. You'll receive a settlement figure that includes any outstanding balance minus interest charges. Early settlement can save you money on interest.
What happens if I miss Volkswagen HP payments?
Missing Volkswagen HP payments can result in late fees and may affect your credit rating. Volkswagen Financial Services will contact you to discuss payment options. In severe cases, they may repossess the vehicle.
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