1. Low initial deposits 2. Ideal for getting out of the company car (no tax on company cars) 3. Low monthly payments 4. Option to buy or return at the end of Agreement 5. The ability to regularly switch to a brand new vehicle as you near the end of your agreement, it`s important to know what your options are. We`ve brought all the information you need to the same place. From updating your payment data to managing fines to transporting your vehicle abroad, you`ll find all the information you need to keep control of your agreement. 2. Keep the current vehicle – pay the last installment plus the “pay the purchase” option and the car belongs to you. You can also discuss with a customer manager at Volkswagen Financial Services Ireland options for renewing the current financing agreement and repaying the remaining amount (GMFV) over an agreed period; Optional final payment There are more refunds they set aside until the end of your contract (optional final payment) For a company that requires the combination of a minimum charge and maximum tax efficiency, Finance Leasing offers an alternative to contract rent.
Although the company never actually owns the vehicle, financial leasing provides many property advantages to the business, while offering significant tax benefits. Most standard rentals are calculated based on a certain number of miles you can drive, usually 15,000 or less per year. You can negotiate a higher mileage limit, but you normally get a higher monthly payment because the vehicle is more amortization during the rental period. If you exceed the mileage limit set in the rental agreement, you will likely have to pay an additional fee when returning the vehicle. Sign in or sign up to manage your account online. View your agreements, make payments, ask for compensation and process your data. It`s simple and contactless. At the end of your agreement, you have three options: if your business is registered with VAT, 100% of the VAT can be recovered from the rental of funds if the vehicle is either a van or a car used exclusively for professional purposes. If the vehicle is used for professional and private mileage, it can only be recovered 50% of the VAT to be paid on the rent financing element. At the end of the agreed rental period, the vehicle is sold and the product is used to extract a possible “balloon” payment.
If the proceeds of the sale do not cover this amount, the tenant must make up for the shortfall. If the product exceeds the “balloon,” the difference is refunded in the form of a rent rebate. If we have previously confirmed by email that you have met our eligibility criteria, we must now decide whether a deferral of payment is appropriate in their particular circumstances, for example. B of the terms that remain on your agreement with us. We hope you will appreciate that we have received a large number of deferred payment requests and that we take them for some time, so please continue to carry with us, you do not need to contact us, your monthly payments will not be recovered in the meantime. If we believe that a deferral of payment is appropriate, we will contact you by email to submit to an amendment agreement setting out the conditions under which we are willing to process your application. At this point, you will receive further instructions and we will ask you to respond with your digital signature within 5 days so that we can complete your application.