It`s always important to be prepared when it comes to the end of a leasing or financing agreement with your vehicle. For those who have financed or leased a Volkswagen through Volkswagen Financial Services (VWFS), it`s important to know what to expect when the agreement comes to an end.
When an agreement with VWFS is coming to an end, there are a few options to consider. One option is to return the car to your nearest Volkswagen retailer. This is known as a voluntary termination, which can be done if the finance agreement has been running for at least half of its term and all payments due have been made. If you choose to terminate the agreement early, there may be an early termination charge to pay. However, if the car is in good condition and within the expected mileage limits, the charge may be waived.
Another option is to keep the car at the end of the agreement. This is known as a purchase agreement, where you pay the remaining balance on the vehicle to keep ownership of it. This can be a good option if you are happy with your current vehicle and want to keep it for the long term.
It`s important to note that VWFS also offers a range of services to help customers at the end of their agreements. For example, if you decide to return your car, VWFS offers a range of end-of-agreement services to help make the process as smooth as possible. These can include vehicle inspections, repairs and cleaning services, all designed to ensure that the car meets the required standard for handover.
If you decide to keep your car, VWFS also offers a range of services to help make the process as easy as possible. These can include financing options to help spread the cost of the remaining balance over a longer period of time, as well as a range of maintenance and repair services to help keep your car running smoothly.
Overall, it`s important to be prepared when your agreement with VWFS comes to an end. Whether you decide to keep your car or return it, there are a range of services available to help make the process as smooth as possible. By knowing your options and working with VWFS, you can ensure that the end of your agreement is hassle-free and stress-free.