Porsche Contract Hire is ideal for business customers if you simply want to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal risk. You won’t own the vehicle and therefore won’t have the worry of ownership, you just have to hand it back at the end of your agreement with no additional final payment.
If you are a business user:
You can build in a service, maintenance and tyres plan to make budgeting even easier.
*The above note is intended as a summary of the principles of VAT and tax in this complex area. It is not intended to be and should not be construed as constituting tax advice and we make no representations, warranties or guarantees, whether express or implied, that the content is accurate, complete or up-to-date. Volkswagen Financial Services (UK) Limited cannot be held liable in any way for any reliance upon this document, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable. For specific tax advice relating to your particular set of circumstances, you should contact your own HMRC officer or your usual VAT / tax advisers.
^This is subject to a 50% block where there is any element to private use of a motor car.
It's really quite simple. Once you have chosen your vehicle and decide on your deposit, you need to make three decisions that will affect your monthly repayments
Your payment period
Choose any repayment period between 12 and 48 months.
Mileage per year
Choose how many miles you expect to drive each year.
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.
What happens if I want to end my agreement early?
Will I own the vehicle?