Volkswagen

Volkswagen Commercial Vehicles has launched a clever interactive finance calculator on its website, allowing prospective buyers the ability to directly compare different finance options for every model in the Volkswagen LCV range.

The new finance calculator gives customers the ability to choose from contract hire, finance lease, hire purchase, lease purchase and personal contract purchase (PCP), helping them to see the differences between each type of finance.

You can adjust variables such as terms, deposits and annual mileage, and the examples produced using the calculator can be emailed to you or saved for future reference.

Volkswagen Commercial Vehicles interactive finance calculator
The finance calculator helps you to compare different finance products and better understand how they work.

The Van Expert finance tip: check every detail

The calculator setup devised by Volkswagen is a very useful tool to directly compare different finance products, and allows you to play around with different settings to work out what sort of finance option is most likely to suit your specific requirements.

It is important to remember, however, that the quotes generated are simply examples, and that any actual finance offer may not match the numbers generated by any online finance calculator.

The finance company (in this case, Volkswagen Financial Services) will always take your personal or business credit history and circumstances into account when considering an application.

Based on the information available, they may offer you finance on exactly the same terms as the online quote suggested, or they may decline you altogether, or they may accept you on different terms to those provided by the calculator.

Also, you should remember that you can always negotiate any finance quotation offered by a dealer or manufacturer.

There is nearly always room for your friendly business manager at the dealership to tweak the interest rate in your favour. Most people understand that the vehicle’s sticker price can be haggled, but very few realise that there is usually opportunity to negotiate the interest rate on the finance as well.

Negotiating half a percent off the APR could easily save you more money than haggling over a few hundred quid off the price of a new Transporter or Caddy.

What are your thoughts? Let us know below.