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Financial Products

We want to help you drive the car of your dreams so we make our products easily available to you when you visit our dealers. Simply ask one of our highly trained sales personnel in any of the Volkswagen Group dealerships and they will take you through our range of offers. Here's a brief summary to help you on your journey.

Personal Contract Plan

PCP is a Personal Contract Plan. It is a flexible car finance package that combines lower monthly payments with real flexibility over a 2 - 3 year period. With PCP you can have a flexible finance plan that suits your circumstances.

What is PCP?

Personal Contract Plan is a flexible car finance package that combines lower monthly payments with genuine flexibility in 2 - 3 years time.

With a Personal Contract Plan you can have a flexible finance plan that suits your circumstances.

Thanks to a Guaranteed Minimum Future Value, you don't need to worry about the re-sale value of your car, depreciation or the dreaded NCT.

How does PCP work?

Under our Personal Contract Plan, Volkswagen Bank Ireland purchases the car on your behalf. You then pay an agreed instalment over 24 - 36 months. A portion of the car's value is deferred until the end of the agreement.

This amount is the minimum value that Volkswagen Bank Ireland guarantees your car will be worth at the end of your agreement, your Guaranteed Minimum Future Value (GMFV).

_{At the end of your term you have the following three options:}

Upgrade your car to a newer model.
Return your car to your dealer with no further payments (subject to fair wear and tear).
Make a one-off payment or re-finance the final instalment and take ownership of the car.

_{What are the benefits?}

- Lower monthly payments

- Flexibility at the end of the agreement to choose between 3 options

- Based on the Guaranteed Minimum Future Value you don't need to worry about the re-sale value of your car

- Drive a new car more often thanks to shorter replacement cycles

- Afford a new car or a higher specification model and the latest technologies

- Include additional optional products such as Service Plans

- Known cash flow based on fixed interest rate and payments

- Easy entry based on a minimum deposit of just 10%

: At the end of a PCP contract, there are three options:

1. Part-exchange the vehicle for another vehicle of your choice;

2. Keep the current vehicle – pay the final instalment plus the ‘option to purchase fee’ and the car then belongs to you. Alternatively you can speak with a Volkswagen Bank Ireland customer care representative about options to extend the current finance agreement and repay the remaining amount (GMFV) over an agreed period;

3. Return the vehicle to the dealer with no further repayments.
: Volkswagen Bank Ireland guarantees the minimum future value at the end of the agreement so both you and the dealer are protected. Any shortfall is covered by Volkswagen Bank. As previously referred to, this is subject to the condition of the vehicle and the annual mileage.
: At the end of your agreement if you choose to sell your car either to a dealership or privately, the difference between the sale price of the vehicle and the agreed GMFV is known as your equity.

For example:

GMFV = €10,000

Sale Price = €12,000

Equity = €2,000

You can choose to exchange the vehicle, or use the equity, as part of the deposit for a new vehicle.
: Our PCP product is based on the future value of the vehicle. That value is determined by the wear and tear on the vehicle and calculated on the basis of a maximum mileage (or kilometre) usage. As part of the end of contract conditions, an excess charge applies where that usage is exceeded but only if you wish to handback the vehicle to Volkswagen Bank and not in cases when you wish to avail of the option to sell or trade in the vehicle. The excess mileage (kilometre) charges vary from brand to brand however the average charge is 6 cent per km.
: As with all forms of Hire Purchase, until the final payment is made in settlement of the PCP agreement, the car is legally owned by Volkswagen Bank (although it is registered in you, the customer’s name).
: It is important that we highlight a few distinctions.

(a) As a branch of Volkswagen Bank GmbH, Volkswagen Bank Ireland as an entity is authorised by the Federal Financial Supervisory Authority in Germany and is regulated by the Central Bank of Ireland for Conduct of Business Rules, which include the general rules within Consumer Protection Code and SME regulations.

(b) The PCP product, which is a form of Hire Purchase Agreement, is primarily regulated under the Consumer Credit act 1995, however it is a specific exclusion within the Consumer Protection Code.

(c) Dealers are authorised as intermediaries by the Competition and Consumer Protection Commission.

In addition to the regulations referred to above, the rights and protections for consumers in respect of PCP are provided for within other regulations such as general contract and provision of services law, data protection and e-privacy law among others.

For specific offers visit the brand of your choice

Hire Purchase (HP)

Hire Purchase is a really simple, afforable and straightforward route to driving the car of your dreams

What is HP?

There is a Hire Purchase Plan to suit everyone, let us help you find yours.

Hire Purchase is a really simple, afforable and straightforward route to ownership, whether you are buying a new or used car.

You can relax knowing you are in control as you budget your way to buying your new car.

With Hire Purchase you can finance your car over a period of time that you choose between 1 - 5 years.

How does HP work?

With Hire Purchase, Volkwagen Bank Ireland will purchase the car on your behalf. After placing a deposit equal monthly payments over the period of the agreement will be agreed.

Once all of the payments have been made, you become the owner of the vehicle. By paying the same each month it's easy to stay on budget.

With a minimum of 10% deposit, we'll organise your fixed monthly payments or you can have an individual tailored plan, spread between 12 months to 5 years.

With Hire Purchase your budget stays in control and you can relax and enjoy the drive.

- Choose the vehicle and repayment period that's right for you

- Pay an initial deposit to start the agreement

- The balance is then divided equally depending on the length of term to suit your budget after the final payment you own your vehicle.

- As a branch of Volkswagen Bank GmbH, Volkswagen Bank Ireland as an entity is authorised by the Federal Financial Supervisory Authority in Germany and is regulated by the Central Bank of Ireland for Conduct of Business Rules, which include the general rules within Consumer Protection Code and SME regulations.

What are the benefits?

- Choose from longer payment terms - up to five years

- Fixed interest rate for the duration of your agreement

- Fixed repayments for ease of cash flow and budgeting

- Flexible terms - any monthly interval between one and five years

- Available for new and used cars

Used Car Finance Options

It's not just finance. It's the start of your used car journey.

With Used Car Finance options, driving away in the car of your dreams is even more attainable. Across all of our brands, you can avail of excellent interest rates and tailored finance plans to suit your needs.

Used Car PCP

You will have three options at the end of your agreement in relation to the guaranteed minimum future value (GMFV):

- Pay the final instalment and take ownership of the car, or re-finance it subject to lending criteria

- Part exchange your car for another

- Return your car with no further payment, terms and conditions apply

Visit your local Volkswagen, Audi, Skoda, SEAT or Volkswagen Commercial Vehicles dealer today to see what great offers are waiting for you.

As a branch of Volkswagen Bank GmbH, Volkswagen Bank Ireland as an entity is authorised by the Federal Financial Supervisory Authority in Germany and is regulated by the Central Bank of Ireland for Conduct of Business Rules, which include the general rules within Consumer Protection Code and SME regulations.