Lease purchase is an agreement where the Bank of Ireland purchases equipment, equipment or vehicles on your behalf and leases you for an agreed period. At the end of this period, when final payment is made, formal ownership will be transferred to you against payment from a nominal place of purchase. We know that the relationship you have with your bank is one of the most important professional relationships you will ever have. That`s why, at Volkswagen Financial Services Ireland, we strive to offer you excellent customer service and unparalleled attention and support. Volkswagen Financial Services Ireland guarantees the minimum future value at the end of the agreement, so that you and the dealer are protected. Any shortfalls are covered by Volkswagen Financial Services Ireland. As has already been said, it depends on the condition of the vehicle and the annual mileage. Maximum duration of 9 years depending on the age of the car, i.e. the car must not be more than 9 years old at the end of the financing agreement 2. Keep the current vehicle – pay the last instalment plus the “call option fee” and the car will be yours.
You can also discuss with a Volkswagen Financial Services Ireland customer manager ways to renew the current financing contract and repay the balance (GMFV) over an agreed period; As with all forms of rental purchase, the car is legally the property of Volkswagen Financial Services Ireland (although it is registered in you, the name of the customer), until the final payment in liquidation of the PCP contract. • Please note that the bank account must be made in the name of the financing contract holder. If, at the end of your agreement, you decide to sell your car either to a car dealership or privately, the difference between the sale price of the vehicle and the agreed GMFV is called your own funds. Please note that our bank account will be changed as part of this transfer from 1 April 2020. If you have saved the VWBI bank account data for incoming payments, please replace it with the VWFSI bank details listed below. At the end of your contract and if you pay a purchase fee of € 63.49, the car belongs to you. A documentation fee of € 63.49 is charged. To update your bank account details for your current debit, please download the list and complete it once we have received your bank details for future monthly withdrawals (please note that the settlement plan for your loan agreement may result in overlapping time). . To discuss your company`s funding opportunities and application process, please contact the Dedicated Business Finance team on 1890-291-929.
To determine the maximum duration of financing, the Bank uses the following formula: it has never been easier to apply for a self-financing loan from the Bank of Ireland. You can use our online application form below, which only takes a few minutes. You can also call our credit team if you have any questions or if you call your local branch….