Volkswagen Ireland has just completed a financing deal with Volkswagen Bank which will see a PCP option on the new generation Golf working out at €239 a month, writes Brian Byrne. This involves a 30 percent deposit, a rate of 4.9 percent, and a balloon payment or handing back the car at the end of the 3-year period.
Alternatively an APR 3.9 percent HP option is available.
The PCP option is the financing solution used by 50 percent of Audi buyers. Some 20 percent of buyers of Volkswagen brand cars are opting for the PCP system, which has proved particularly popular with the up! city car where a deal offers a €99 a month repayment.
VWGI expects an increasing interest in PCP, a financing option which has long been popular in major markets such as the US and continental Europe.
The Volkswagen Bank has given about €110m in loans in Ireland since it was set up here.
