Hire purchase1 is a simple, affordable, and straightforward route to ownership, whether you are buying a new or used car. Financing your next car has never been easier!
If you're looking for the best HP finance rates for a new or used Volkswagen, Audi, SEAT, ŠKODA or CUPRA, you've come to the right place.
Here's How Hire Purchase Works
Volkwagen Financial Services Ireland Limited purchases the vehicle on your behalf.
Choose a period from 1 to 5 years to finance the vehicle.
Choose a deposit percentage of up to 30%.
Pay equal monthly repayments over the period of time chosen.
Once all of the payments have been made and you have come to the end of the hire-purchase agreement, you become the owner of the vehicle.
The Benefits of Hire Purchase
Choose from longer payment terms - up to five years (60 Months)
Fixed interest rate for the duration of your hire-purchase 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
Is Hire Purchase right for you ? Find the perfect vehicle!
For specific offers, click on the brand of your choice
Hire Purchase FAQ's
What is the difference between HP and PCP?
PCP finance is a version of a hire purchase agreement. HP payments can be divided between 36 to 60 months. PCP is only available for 36 months. HP has only one end of term option; once the final repayment has been made, you have full ownership of the vehicle. Where as, with PCP, there are three options at the end of a contract; upgrade vehicle, return your vehicle, or make the final payment to take ownership of the car. There is also no mileage range agreed on a HP agreement.
Can you settle a HP finance agreement early?
Yes, it is possible to end your hire purchase (HP) finance agreement early. To terminate the contract early, you must pay any instalment that is in arrears and three months future interest.
Are monthly repayments variable?
Monthly payments remain the same for the duration of the agreement, as the interest rate is fixed. This is subject to no missed payments.
Warning: If you do not meet the repayments on your finance agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit or a hire purchase agreement in the future.
Finance is provided by way of Hire Purchase Agreement from Volkswagen Financial Services Ireland Limited and subject to lending criteria. Terms and conditions apply.
Volkswagen Financial Services Ireland Limited is regulated by the Central Bank of Ireland.