If you are a business user:
• A proportion of the rentals may be claimable as an expense against taxable profits*
• An element of the VAT on rentals may be recoverable by VAT registered businesses^
You can build in a service, maintenance and tyres plan to make budgeting even easier.
*The above note is intended as a summary of the principles of VAT and tax in this complex area. It is not intended to be and should not be construed as constituting tax advice and we make no representations, warranties or guarantees, whether express or implied, that the content is accurate, complete or up-to-date. Volkswagen Financial Services (UK) Limited cannot be held liable in any way for any reliance upon this document, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable. For specific tax advice relating to your particular set of circumstances, you should contact your own HMRC officer or your usual VAT / tax advisers.
^This is subject to a 50% block where there is any element to private use of a motor car.
It’s really quite simple. Once you have chosen your vehicle and decided on you initial rental, you need to make three decisions that will affect your monthly payments:
Your rental payment period
Choose any payment period between 12 and 48 months.
Mileage per year
Choose how many miles you expect to drive each year¹.
Choose to include a service, maintenance and tyres plan in your agreement.
Once you have paid all outstanding rentals, you simply hand your vehicle back, subject to fair wear and tear and excess mileage charges.
¹ Mileage restrictions apply.
What happens if I want to end my agreement early?
• Contract Hire agreements are not designed to be settled early. If you wish to end your agreement early you can request an early termination quote to cover the cost of the remaining rentals, these can be quite expensive.
Will I own the vehicle?
• No, the vehicle is owned by
At the end of your agreement:
• You just pay any outstanding fees and hand the vehicle back to
• It is really important that you keep up to date with your monthly repayments. Please contact us if you are having any difficulties as the vehicle may be at risk if you don’t.
• If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact
• It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear.
• An offer of finance depends on certain conditions. Finance subject to status. Available to 18s and over. Terms and conditions apply.
For further information and to obtain an individual tailored quote, please contact your local
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* Data determined in accordance with the measurement method required by law. Since 01 September 2017 certain new cars have been type approved in accordance with the Worldwide Harmonized Light Vehicles Test Procedure (WLTP), a more realistic test procedure to measure fuel consumption and CO₂ emissions. From 01 September 2018 the WLTP will replace the New European Driving Cycle (NEDC). Due to the more realistic test conditions, the fuel consumption and CO₂ emission values determined in accordance with the WLTP will, in many cases, be higher than those determined in accordance with the NEDC. This may lead to corresponding changes in vehicle taxation from 01 September 2018. You can find more information on the difference between WLTP and NEDC at www.porsche.com/wltp.
Currently, we are still obliged to provide the NEDC values, irrespective of the testing method used. The additional reporting of the WLTP values is voluntary until their obligatory use. As far as new cars, (which are type approved in accordance with the WLTP) are concerned, the NEDC values will therefore be derived from the WLTP values during the transition period. To the extent that NEDC values are given as ranges, these do not relate to a single, individual car and do not constitute part of the offer. They are intended solely as a means of comparing different types of vehicle. Extra features and accessories (attachments, tyre formats etc.) can change relevant vehicle parameters such as weight, rolling resistance and aerodynamics. Additionally, weather and traffic conditions, as well as individual handling, can affect the fuel consumption, electricity consumption, CO₂ emissions and performance values of a car.