FAQs

Motor vehicle credit interest rates vary with the different funding products, across the lender market and for different applicants with varying credit profiles. The credit profile, creditworthiness, and ability to meet lending payments are the main determining factors for lenders when making interest rate offers. The vehicle model will have less impact on the rate offered.

VW Golf buyers may use an online credit calculator to generate estimated repayments on credit options.

VW Caddy loans for sole traders are available. Not all banks and lenders may offer sole trader financing. Operators may look to use the services of a broker to source the most suitable lender and credit option.

The VW cab chassis Amarok may be funded by a commercial operator with their choice of Lease, Chattel Mortgage or Commercial Hire Purchase.

VW Leasing terms of up to 7 years or 84 months can be approved.

New Volkswagen vehicles and many quality second-hand models, will be accepted by the lender as security for the funding. This applies to secured personal credit and the selection of commercial credit facilities. Many applicants will not be required to provide additional collateral.

Lenders do not request deposits from credit applicants but may set a limit on the borrowing amount they will approve based on the creditworthiness assessment. Where a borrowing limit is set below the purchase price, the buyer may need to pay a deposit. No deposit funding, where 100% of the purchase price is included in the funding, is available, subject to lender approval.

Lenders review the applicants’ credit scores and history when assessing VW vehicle funding applications. Good scores are typically offered the best rates. Where an individual does not have a credit history, they may use a broker to source No Credit VW vehicle funding.