Other funding options
When it comes to funding, you’ve got options – and lots of them. Explore our full range below to find the right fit for you.
Our funding comes in
all shapes and sizes
If Business Contract Hire isn’t quite the right fit for you, check out our other fleet funding options below.
Bank funding
Ideal if you need quick funds, want to own the vehicle, or need flexibility on mileage and wear.
Funding option TBC
We’ll take the time to get to know you, your fleet and your needs.
Funding option TBC
We’ll take the time to get to know you, your fleet and your needs.
Funding option TBC
We’ll take the time to get to know you, your fleet and your needs.
Bank funding
A smart alternative provided by Volkswagen Bank, where you can loan the full invoice value of any VW Group vehicle – without worrying about mileage allowances or wear and tear fees.
What's included?
- 12-, 24- or 36-month loan agreement
- Fixed monthly payments inc. VAT and interest
- Choice of VW Group brand vehicle
How it works
The business owns the vehicle from day one – it applies for funding from Volkswagen Bank for the van’s invoice value inc VAT. The business repays a fixed monthly amount inc interest over a chosen time period. At the end, the business makes a balloon payment, then either sells on the vehicle, potentially making a profit, or keeps the vehicle.
Pros of bank funding
- Quick access to funds – when credit is approved for your first vehicle, 80% of the paperwork is sorted. So after that, you’ll have fast access to funds for future vehicles.
- No deposit or payments for the employee
- No end-of-contract excess mileage or damage charges – ideal for commercial heavy-usage
- Access attractive rates
- Tax relief TBC
- Monthly payments are 100% tax allowable
- Claim back 100% VAT
- You’re in good hands with Volkswagen Bank’s 60 years of experience
Cons of bank funding
- Bank loans are subject to interest and changes in interest rates
- Your business takes on the risk of unpredictable residual values
- No tax or NI benefits for the employee or the business
What's included?
- 12-, 24- or 36-month loan agreement
- Fixed monthly payments inc. VAT and interest
- Choice of VW Group brand vehicle
How it works
The business owns the vehicle from day one – it applies for funding from Volkswagen Bank for the van’s invoice value inc VAT. The business repays a fixed monthly amount inc interest over a chosen time period. At the end, the business makes a balloon payment, then either sells on the vehicle, potentially making a profit, or keeps the vehicle.
Pros of bank funding
- Quick access to funds – when credit is approved for your first vehicle, 80% of the paperwork is sorted. So after that, you’ll have fast access to funds for future vehicles.
- No deposit or payments for the employee
- No end-of-contract excess mileage or damage charges – ideal for commercial heavy-usage
- Access attractive rates
- Tax relief TBC
- Monthly payments are 100% tax allowable
- Claim back 100% VAT
- You’re in good hands with Volkswagen Bank’s 60 years of experience
Cons of bank funding
- Bank loans are subject to interest and changes in interest rates
- Your business takes on the risk of unpredictable residual values
- No tax or NI benefits for the employee or the business
Long funding option TBC
If you need the right van with the right conversion, plus complete flexibility on when it’s delivered to you and when you need to give it back, nothing beats rental – even if you do have to pay a little more for the convenience.
What's included?
- 24–48-month contract
- Employee makes fixed monthly payments
- MOT, SMR, insurance, road tax, breakdown cover
- 24/7 driver support
- Lifestyle Support payment waiver
- Choice of any brand EV
How it works
Much like Cycle to Work, this scheme is a company benefit that lets employees fund their personal cars. They pay monthly from their pre-tax salary and make BiK savings too. At the end of contract, they can hand back the car or buy it outright.
Pros of Salary Sacrifice
- Employee saves up 40% compared with privately leasing – manufacturer discounts, routine motor bills and maintenance are included, plus no upfront deposit
- No admin – we set up, onboard employees and manage the scheme for you
- No risk, thanks to our comprehensive Lifestyle Support waiver. If the employee leaves, they can simply hand back the car with no cost to them or the business
Cons of Salary Sacrifice
- Reduces gross pay, which can affect pension, access to credit, loans and mortgages
- The scheme isn’t available if it will reduce a salary below minimum wage
What's included?
- 24–48-month contract
- Employee makes fixed monthly payments
- MOT, SMR, insurance, road tax, breakdown cover
- 24/7 driver support
- Lifestyle Support payment waiver
- Choice of any brand EV
How it works
Much like Cycle to Work, this scheme is a company benefit that lets employees fund their personal cars. They pay monthly from their pre-tax salary and make BiK savings too. At the end of contract, they can hand back the car or buy it outright.
Pros of Salary Sacrifice
- Employee saves up 40% compared with privately leasing – manufacturer discounts, routine motor bills and maintenance are included, plus no upfront deposit
- No admin – we set up, onboard employees and manage the scheme for you
- No risk, thanks to our comprehensive Lifestyle Support waiver. If the employee leaves, they can simply hand back the car with no cost to them or the business
Cons of Salary Sacrifice
- Reduces gross pay, which can affect pension, access to credit, loans and mortgages
- The scheme isn’t available if it will reduce a salary below minimum wage
Short funding option TBC
Our most popular leasing product, BCH is the best solution for most businesses looking to spread costs and mitigate risks – unless you expect unusually high levels of wear and tear or are likely to go over mileage allowances.
What's included?
- 24–48-month contract
- Initial rental + fixed monthly payments
- Service, Maintenance and Repair plan inc. MOT and tyres
- Choice of any brand EV
How it works
The business leases for a chosen time period and with an agreed maximum annual mileage. Then simply hand back the vehicle at the end of the contract.
Pros of BCH
- We take on the risk of uncertain residual values
- No hassle or separate outlay for maintenance
- Monthly payments are 100% tax allowable
- Claim back 100% VAT on SMR plan
- BiK tax is currently only 3% for EV company car drivers.
Cons of BCH
- Potential end-of-contract costs – you cover excess mileage and damage beyond ‘reasonable wear and tear’ or over £100, in accordance with BVRLA Fair Wear & Tear Guide.
- Early termination charges apply if you want to end your agreement early
What's included?
- 24–48-month contract
- Initial rental + fixed monthly payments
- Service, Maintenance and Repair plan inc. MOT and tyres
- Choice of any brand EV
How it works
The business leases for a chosen time period and with an agreed maximum annual mileage. Then simply hand back the vehicle at the end of the contract.
Pros of BCH
- We take on the risk of uncertain residual values
- No hassle or separate outlay for maintenance
- Monthly payments are 100% tax allowable
- Claim back 100% VAT on SMR plan
- BiK tax is currently only 3% for EV company car drivers.
Cons of BCH
- Potential end-of-contract costs – you cover excess mileage and damage beyond ‘reasonable wear and tear’ or over £100, in accordance with BVRLA Fair Wear & Tear Guide.
- Early termination charges apply if you want to end your agreement early
Short funding option TBC
- Build an effective Environmental, Social and Governance (ESG) strategy
- Minimise emissions with the Greenhouse Gas Protocol, Scopes 1, 2 and 3
- Plan for the 2030 Internal Combustion Engine (ICE) ban and the 2035 plug-in hybrid electric vehicle (PHEV) ban and beyond
Want to keep exploring?
The options keep coming.
Let our experts talk you through your options…
Message us
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