© 2022 Melville Volkswagen | Privacy Policy | Terms & Conditions | Dealer License MD28217
Fortunately, there are still some guarantees in life. Volkswagen Choice1 is a flexible finance solution that provides you with the assurance of knowing exactly what the minimum value of your vehicle will be down the track. At the end of your loan, you have the option to trade in, retain or return your vehicle. The choice really is yours.
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What you choose at the end of your loan is up to you.
We understand that you will want to keep your Volkswagen in premium condition. To ensure the integrity of the Guaranteed Future Value Program1, your Volkswagen must be in acceptable condition when you return it to us and must not exceed the kilometre limit as every kilometre over your limit is charged at 66 cents per kilometre. We also understand that some reasonable wear and tear is only to be expected, but it needs to remain within the provisions set by your Volkswagen Financial Services contract. If you exceed your nominated kilometre allowance, it will reduce your Guaranteed Future Value. However this won’t affect your ability to Trade in, Retain or Return your vehicle.
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Tip: you can also use this tool to simply calculate your repayments.
1. Volkswagen Choice consists of an option to return your vehicle to VFS at the end of the term and requires VFS to purchase the vehicle at an agreed price determined by VFS, known as the Guaranteed Future Value (GFV). At the end of the term, you can elect to: (1) trade-in; (2) return; or (3) retain the vehicle by paying the GFV, which is a lump sum owed to VFS at the end of the loan term after all repayments have been made. You will be liable for any loan contract deficit and additional charges if you exceed the nominated kilometre allowance and/or the vehicle is not in an acceptable condition. Fleet, government, rental buyers, hire car and chauffeur companies excluded.
2. Volkswagen Financial Services Pty Limited ABN 20 097 071 460, Australian Credit Licence 389344. View the Target Market Determination for our Financial Services products here.
