New finance and servicing package for Volkswagen EV customers


Volkswagen Financial Services (VWFS) has created a new EV finance and servicing package designed to make medium to high-end priced electric cars available to more drivers.

The manufacturer said its Lease & Care programme will offer three different levels: basic servicing, all routine maintenance, and fully comprehensive maintenance replacements including tyres.

Customers will have a minimum of a two-year lease from new but can extend this for longer if they are looking to hold off until a newer model is released.

At the end of a lease Volkswagen will resell the car as an approved vehicle.

According to Volkswagen, Lease & Care has been introduced with a full-life cycle of a car in mind, benefitting the first owner, used buyer, and also the retailer.

Marketing director, Dan James, said: “The creation of the Lease & Care package looks to encourage motorists to make the switch to electric vehicles as simple as possible without the headache of costs.

“We understand there may be a worry around converting to EV due to the mystique around depreciation and running costs, but our new package allows customers to try an EV such as the Volkswagen ID.3 at a more affordable price and for a length of time that suits them.

“This new way of attaining an EV allows motorists to swap between models to suit their lifestyle. At the end of the lease, it should just be a case of handing back the vehicle and getting the latest model in return, while keeping their carbon footprint lower.

“We have to make this process easier and simpler and we should not be seen as a hurdle. With this package, we are confident that we are helping more people to join the EV revolution.”


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