VW Car Finance: Volkswagen Financial Services (Volkswagen Finance) | www.vwfinance.co.uk
Volkswagen Financial Services (VWFS) is the financing division of the VW Group (under the trading name of Volkswagen Finance). As well as the core marque, credit is issued for all Group brands that includes Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat and Skoda. Porsche Automobil Holding SE is actually the Group’s largest Shareholder. Volkswagen Financial Services (UK) Ltd is the British arm that was formed in the year 1994. This has grown to become the 2nd largest subsidiary, with the main German parent company having originated in 1949. Volkswagen has been building cars since back in 1937 that started with the Beetle. Locally, credit is supplied through more than 700 franchise points. There are now more than 250,000 active customers.
There are a few websites to reference here. The current range of models are showcased through www.volkswagen.co.uk. The corporate site for this financing company is www.vwfs.co.uk. We have however highlighted www.vwfinance.co.uk in the main title as this is where customer accounts are managed. All VW car finance applications need to be made in person at dealerships. There are 2 plans available with the choices including Hire Purchase and Solutions. No prices are disclosed for their Hire Purchase plan that we just know has the usual HP term range of 12 to 60 months. All of the examples are displayed for Solutions that is a PCP agreement from 18 up to 48 months.
For new cars, the 2016 starting prices run as Up! (£8995), Polo (£11,525), Beetle (£13,540), Golf (£17,625) and Jetta (£19,155). Over the £20k barrier we have the likes of the Scirocco, Passat, Tiguan etc. The performance Golfs start from £26,955. The performance headliners are the GTI Clubsport Edition 40 and the impressive GTE plug-in hybrid. Both of these designs are priced at 6.4% on PCP. The Estate edition was actually 6.5% and SV was 6.6%. As well as all the standard Golfs, you can now get 5.4% on the Golf GTI and R with £2000 deposit contributions included. All Polos were currently headed at 6.7%. The general PCP interest range across all models was 5.4% to 6.9% APR.
Despite most models looming on the prestige side, VW’s still manage to rank highly every year for British sales. The Golf was the 4th best seller across 2015 and the Polo came close with a 6th ranking. The Group’s Audi A3 was the 8th best seller. On the global stage the VW Group sold 9.93m vehicles that should have really surpassed the leading tally of the Toyota Motor Corporation who sold 10.15 million. VW’s emission scandal that hit the news in September 2015 put to bed any chance of them taking that top spot.