PCP is a Personal Contract Plan. This is available for both new and used cars. It is a flexible 2-3 year car finance package that combines lower monthly payments with real flexibility. With PCP 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 in 3 years’ time.
At the end of your agreement you have the following three options:
Make a one-off payment or re-finance the final instalment and take ownership of the car
Benefits of PCP:
Upgrade to a higher specification model for less
Hire Purchase is a really simple, affordable 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 to 5 years. With Hire Purchase, Volkswagen 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.
Benefits of HP:
Available for new and used cars
Please use our Finance Calculator to review your options, then apply for finance online using our Finance Application Form.