Personal Contract Plan

PCP offers for Volkswagen, Audi, SEAT, ŠKODA and CUPRA

Personal Contract Plan

A Personal Contract Plan is a flexible 2-4 year car finance package that combines lower monthly payments with real flexibility at the end of the term*.

Through Volkswagen Financial Services Ireland, you can avail of great PCP finance rates for Volkswagen, Audi, SEAT, ŠKODA and CUPRA.

Here's How PCP Works

Volkswagen Financial Services Ireland purchases the vehicle on your behalf.

We will calculate the Guaranteed Minimum Future Value (GMFV) of your car based on your preferred contract term. The GMFV is a guarantee of how much your vehicle will be worth at the end of your finance agreement, subject to terms and conditions.

You choose a deposit percentage of up to 30%.
You then pay an agreed monthly repayment over a fixed term.
At the end of the agreement, you have 3 options.

*PCP monthly payments are lower than a Hire Purchase (HP) agreement for the same car, term and deposit. A 24 month PCP term is currently available for selected new and used Volkswagen Passenger Cars and ŠKODA vehicles only, subject to underwriting criteria.

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

Upgrade

Apply Online

One-off payment or re-finance

Apply Online

Return

Apply Online PCP Handback Form

The Benefits of a Personal Contract Plan

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

No minimum deposit required*

*Subject to underwriting criteria

Volkswagen Financial Services - Personal Contract Plan (PCP) Terms and Conditions (PDF, 215 KB)

Warning: You may have to pay charges if you pay off a hire-purchase agreement early.

Warning: If you do not meet the repayments on a hire purchase agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a Buy Now Pay Later (BNPL) agreement in the future.

Let us show you how easy it is!

Is PCP right for you ? Now find the perfect vehicle!

For specific offers, click on the brand of your choice

PCP FAQ

If you choose to keep the vehicle at the end of your PCP agreement, the optional final balloon payment becomes due at the end of your chosen term. On a 24 month PCP, the optional final payment is due after 24 months, while on a 36 month PCP it is due after 36 months. Customers should consider the timing of this payment when choosing a PCP term that best suits their needs, and ensure that they have sufficient funds available.

The customer is free to settle their PCP finance agreement and take ownership of the vehicle at any time. However, an early settlement fee of up to a maximum of three months interest may be applied in this case. Additionally, the customer can part-exchange their vehicle for a new vehicle at any time and, at the same time, upgrade their PCP finance agreement.

Our PCP product is based on the future value of the car. That value is determined by the wear and tear on the car 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 Financial Services 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.

In order to finance a car under a New PCP contract, the car must not have been registered yet. Used PCP finance contracts are only available for vehicles that will be less than 10 years old at the end of the contract. Thus, the oldest a car can be to avail of this finance offering is 8 years old, under a 24 month agreement.

Volkswagen Financial Services Ireland Ltd. Is regulated by the Central Bank of Ireland

Volkswagen Financial Services Ireland Ltd, Private Company Limited by Shares, Registered in Dublin Ireland, Number 602602

Registered Office: Block C, Liffey Valley Office Campus, Dublin 22,

Tel: +353 (0)1 211 8391

Directors: Thomas Rennebaum (German), Tony McPoland, Sinead Curry, Marcus Graefe (German), Carl zu Dohna (German), Caragh Madden

Personal Contract Plan