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Volkswagen Bank Solutions...? Your opinion.

  • 16-03-2012 07:25PM
    #1
    Lettergone
    Closed Accounts Posts: 7 ✭


    Hi all, has anybody used this service, bought a car through it or even if
    you think it is a good idea or not.

    It can only be used on new Volkswagens. You can out down a maximum
    of 30% of the price of the car. Volkswagen determine the value the price of that car at the third year and basically you don't pay that back until the third year.

    So essentially a balloon payment, but you don't have to pay it.
    You can give the car back with no penalties, re finance if you want to keep the car. Or trade up.

    I've priced it and it's cheaper than me buying the car out right.


Comments

  • #2
    Victor Meldrew
    Registered Users, Registered Users 2 Posts: 768 ✭✭✭Victor Meldrew


    This is a lease deal with a deposit to lower VW bank's risk.

    Avoid. you'll have to guess your mileage or pay an excess for too much mileage. you'll get nothing back if mileage is less than forecast.

    Exit clauses are always horrific.

    Buy a second hand car with what you can lay to hand and pay off within 2 years. you'll be happier.


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