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Finance Lease

What to do at the end of your agreement

What happens at the end of your Finance Lease agreement depends on the type you have:

Full payout lease

At the end of your agreement, once all rental payments have been made, you can:

 

  • Provide details of an independent third party to Volkswagen Commercial Vehicle Finance. We will then sell them the vehicle for the current fair market value and you will receive 100% of the vehicle sale proceeds (less any monies outstanding). The independent third party is usually your Volkswagen Van Centre. Find your Van Centre details.
  • Or, enter into an annual secondary hiring period and retain the use of the vehicle. The secondary hiring rental payment is 4% (plus VAT) for commercial vehicles of original (VAT exclusive) invoice price, payable annually in advance and 1% (plus VAT) for passenger cars.

Balloon lease

At the end of your agreement, once all rental payments have been made, including the final rental payment you can:

 

  • provide details of an independent third party to Volkswagen Commercial Vehicle Finance. We will then sell them the vehicle for the current fair market value (as per Full Payout) and you will receive 100% of the vehicle sale proceeds. The independent third party is usually your Volkswagen Van Centre. Find your Van Centre details.
  • Or, you can enter into a secondary hiring period and retain use of the vehicle. The secondary hiring rental payment is 4% (plus VAT) for commercial vehicles of original (VAT exclusive) invoice price, payable annually in advance and 1% (plus VAT) for passenger cars.