PCP Finance Explained

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, depreciation or the NCT costs (New cars only) associated with owning a car for over a longer period of time.

Under the Volkswagen Solutions Personal Contract Plan, Volkswagen Financial Services purchases the car on your behalf. You choose a deposit percentage of between 10% and 30%. You then pay an agreed monthly instalment over 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 Financial Services guarantees your car will be worth at the end of your agreement, your Guaranteed Minimum Future Value (GMFV).

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

  • Upgrade your car to a newer model  using the equity in your car as a deposit for the next one
       OR
  • Return your car to you dealer with no further payments
       OR
  • Make a one-off payment or re-finance the final instalment and take ownership of the car

Benefits

  • No more residual value worries
  • A new Volkswagen every 2 - 3 years
  • Lower payments and shorter terms
  • Avoid NCT costs (New Car PCP only)
  • Upgrade to a higher specification model for less

Apply for finance online

Get approval within 24 hours from Volkswagen Financial Services

Disclaimer by Volkswagen

  • Volkswagen Group Ireland Limited (“VWGI”) believes the specifications and pricing on this website to be accurate and correct at the date of publication. Specifications, pricing, standard equipment, options, fabrics and colours are subject to change without notice by VWGI. Volkswagen Ireland reserves the right to change specification, prices and withdraw products from sale without notice. Please note that some possible configurations may no longer be available in production or stock. Contact your retailer for the latest information. Some vehicles are pictured with options that may be available at extra cost or may not be available on some models. Ask your retailer about availability of options and verify that the vehicle you ordered includes the equipment you ordered. Prices exclude delivery and related charges of up to €1,300 on ID. models or up to €1,000 on other models. €1,300 delivery charge on ID.3 and ID.4 models includes optional ‘S Pack’ ID. Service Plan which can be removed upon request. ’S Pack’ ID. Service Plan includes one service, with pollen filter and brake fluid replacement.

    Used Cars Disclaimer:
    All cars that are older than five years or have more than 120,000KM do not qualify for the Volkswagen Approved Used Car programme.