This is done automatically, so that if you want to keep the vehicle that you do not need to make once the final payment has been recovered by debit, we conclude the contract and send you a final letter of logging. At the end of your agreement, you have the option of falling into your “secondary recruitment period.” If you are on our finance rental product, the balloon must be fully paid for by yourself. The secondary rental term consists of an annual rent (also known as “Peppercorn” rental) for up to 5 years. The vehicle can be sold at any time during the 5-year secondary rental period, which in turn must be sold to third parties. If you need to extend your contract for a longer period, we offer a formal extension of 6 or 12 months for a revised monthly rent. For more information, please contact us. If you want to keep the vehicle, you can refinance your final balloon refund over 12-60 months, depending on the age of your vehicle. At the end of your refinancing contract, you pay the opportunity to acquire the costs and take possession of the entire ownership of the vehicle. If you wish to keep the vehicle, but wish to spread the final payment fee, we may consider refinancing the final payment (balloon) for you, subject to a new application for financing.
If you want to switch to the latest model, or if you may want to try another vehicle, you can replace your current vehicle with a new vehicle with your solution agreement (PCP). You must settle the existing agreement and then ask us for a new agreement (subject to application and acceptance). Your local dealer is at your disposal to manage the entire process and ensure a smooth transition between your current vehicle and your new vehicle. You can contact them via the links below: Volkswagen Audi SEAT `KODA Volkswagen Porsche Bentley Utility Vehicles If you have a rental contract, the required insurance coverage is shown on the back of your contract. If you need a copy of your contract, please let us know your preferred delivery method. It is also important to list VW Credit Leasing, Ltd. as additional insured beneficiaries and loss recipients. The insured and the beneficiary of the additional losses should read: Volkswagen Financial Services South Africa is committed to providing our customers with reliable and quality service.
We have extensive experience in the South African market and are supported by Volkswagen Financial Services AG, the financial company of the Volkswagen Group. This allows us to guarantee national coverage of services as well as the offer of financial products for each of the group`s automotive brands. We offer a comprehensive solution for financing, leasing and insurance of Volkswagen Group vehicles. We move so you never have to stop! When your agreement expires, your vehicle will be subject to a contractual check by our collection agents.