A finance question

[Richard Hurst]

Hi

Before I call VW Finance I thought I’d ask the question on here first. Currently just ending my first year of my 10 year finance plan and was wondering if I made a lump sum one off payment to help reduce the outstanding balance does the finance get recalculated to give me a lower monthly payment or do you just carry on paying the same monthly amount but with a lower outstanding balance

 

[DrJuanKerr]

........ this might sound obvious but give them a ring?

 

[Richard Hurst]

........ this might sound obvious but give them a ring?

I did state at the start of my question "before I give them a ring", seeing as I asked the question at 7:13am this morning I knew the finance department would not be open until 8am and just wanted to see if anyone knew before I waited till 8am to get the answer

 

[calimera]

Partial payments - Volkswagen Finance

Partial payments - Volkswagen Finance

www.vwfinance.co.uk

Information on VW finance ,partial payments can be found on their web page.
May be helpful for someone else in the future

 

[LunaLovegood]

Partial payments - Volkswagen Finance

Partial payments - Volkswagen Finance

www.vwfinance.co.uk

Information on VW finance ,partial payments can be found on their web page.
May be helpful for someone else in the future

Thanks Calimera, that’s a very helpful link

 

[Geoff York]

Thanks Calimera, that’s a very helpful link

You can make lump sum payments anytime which will reduce amount of interest payable but you MUST continue to pay contracted monthly payment or you will show as being in arrears