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For more information watch our Contract Hire video Once you have chosen your Volkswagen and decided on your initial rental, you need to make three decisions that will affect the monthly rental payments: Your rental payment period Choose any period between 12 and 48 months Mileage per year Choose how many miles you expect to drive each year Servicing Choose to include a service, maintenance and tyres plan in your agreement Once you have paid all outstanding rentals, you simply hand your vehicle back, subject to fair wear and tear and excess mileage charges.

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If you are a business user:. A proportion of the rentals may be claimable as an expense against taxable profits. You can build in a service, maintenance and tyres plan to make budgeting even easier. Ownership of the vehicle will always remain with Volkswagen Financial Services and it is really important that you keep up to date with your monthly repayments.

Contract Hire agreements are not designed to be settled early. If you wish to end your agreement early you can request an early termination quote to cover the cost of the remaining rentals. If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact Volkswagen Financial Services to discuss the options available.

It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear.

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