Finty
Volkswagen Financial Services

Volkswagen Financial Services Consumer Loan

Fixed rate

A consumer loan is a straight forward option for people who use their cars for predominantly personal use. It allows you to borrow 100% of the funds needed to purchase a new car. You make regular repayments back to Volkswagen Financial Services to pay back the money you borrowed..

Written byDavid Boyd
Interest rate a year, from
8.91%
Comparison rate, from
9.65%
Establishment fee
$520
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 8.91%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$635
Total repayments
$22,866
Interest
$2,866

Loan details

Rates

Interest rate (a year)
8.91%
Comparison rate (a year)
9.65%
Rate type
Fixed
Security
Not published

Limits and fees

Loan amount
Not published
Loan term
Up to 5 years
Establishment fee
$520
Monthly fee
Not published

How it compares

Against the other car loans we compare. Typical means the middle half of them.

Comparison rate

9.65%

From 9.65%. A typical loan starts at 9.35%.

Cost of $20,000 over 5 years

$5,378

Interest and fees at its starting rate. Typical is $5,746.

Setup fee

$520

A typical setup fee is $520.

Longest term

5 years

5 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 8.91%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.

Cons

  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
  • A $35 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.